Lear Corp (NYSE: LEA) is -29.11% lower on its value in year-to-date trading and has touched a low of $92.14 and a high of $147.11 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LEA stock was last observed hovering at around $100.99 in the last trading session, with the day’s loss setting it -0.89%.
Currently trading at $100.10, the stock is 2.82% and -1.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing -0.88% at the moment leaves the stock -15.59% off its SMA200. LEA registered -26.26% loss for a year compared to 6-month loss of -18.21%. The firm has a 50-day simple moving average (SMA 50) of $101.3982 and a 200-day simple moving average (SMA200) of $118.76895.
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The stock witnessed a 4.37% gain in the last 1 month and extending the period to 3 months gives it a -9.25%, and is 2.93% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.05% over the week and 2.43% over the month.
Lear Corp (LEA) has around 186600 employees, a market worth around $5.44B and $23.43B in sales. Current P/E ratio is 10.52 and Fwd P/E is 7.36. Profit margin for the company is 2.33%. Distance from 52-week low is 8.64% and -31.96% from its 52-week high. The company has generated returns on investments over the last 12 months (6.70%).
Lear Corp quarterly earnings per share for the current quarter are estimated at 2.46 with sales reaching $5.49B over the same period.The EPS is expected to grow by 0.58% this year, but quarterly earnings will post -1.65% year-over-year. Quarterly sales are estimated to shrink -6.02% in year-over-year returns.
619.0 institutions hold shares in Lear Corp (LEA), with institutional investors hold 107.53% of the company’s shares. The shares outstanding are 54.58M, and float is at 54.19M with Short Float at 3.97%. Institutions hold 107.08% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.62 million shares valued at $869.97 million. The investor’s holdings represent 13.3048 of the LEA Shares outstanding. As of 2024-06-30, the second largest holder is PZENA INVESTMENT MANAGEMENT LLC with 7.19 million shares valued at $820.93 million to account for 12.5548 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.94 million shares representing 10.3811 and valued at over $678.8 million, while FMR LLC holds 5.4377 of the shares totaling 3.11 million with a market value of $355.56 million.
Lear Corp (LEA) Insider Activity
The most recent transaction is an insider sale by MALLETT CONRAD L JR, the company’s Director. SEC filings show that MALLETT CONRAD L JR sold 1,278 shares of the company’s common stock on May 28 ’24 at a price of $124.55 per share for a total of $0.16 million. Following the sale, the insider now owns 0.0 shares.
Lear Corp disclosed in a document filed with the SEC on May 23 ’24 that SMITH GREG C (Director) sold a total of 2,392 shares of the company’s common stock. The trade occurred on May 23 ’24 and was made at $123.86 per share for $0.3 million. Following the transaction, the insider now directly holds 0.0 shares of the LEA stock.
Still, SEC filings show that on Mar 05 ’24, Cardew Jason M (Sr. VP & CFO) disposed off 2,750 shares at an average price of $140.81 for $0.39 million. The insider now directly holds 17,506 shares of Lear Corp (LEA).
