In today’s session Lear Corporation (LEA) registered an unusually high (252) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious LEA increase. With 252 contracts traded and 674 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: LEA161118C00130000 closed last at: $2 or 66.7% up. About 690,396 shares traded hands or 5.58% up from the average. Lear Corporation (NYSE:LEA) has risen 11.73% since March 4, 2016 and is uptrending. It has outperformed by 3.69% the S&P500.
Analysts await Lear Corporation (NYSE:LEA) to report earnings on October, 28. They expect $3.00 EPS, up 17.19% or $0.44 from last year’s $2.56 per share. LEA’s profit will be $210.07 million for 10.01 P/E if the $3.00 EPS becomes a reality. After $3.66 actual EPS reported by Lear Corporation for the previous quarter, Wall Street now forecasts -18.03% negative EPS growth.
Lear Corporation (NYSE:LEA) Ratings Coverage
Out of 10 analysts covering Lear Corporation (NYSE:LEA), 4 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 40% are positive. Lear Corporation has been the topic of 21 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, October 14 report. The firm earned “Sell” rating on Thursday, October 6 by Goldman Sachs. The rating was downgraded by Zacks to “Buy” on Tuesday, August 25. The stock has “Buy” rating given by UBS on Tuesday, August 18. Seaport Global initiated the shares of LEA in a report on Tuesday, August 9 with “Neutral” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, April 28 report. The firm has “Buy” rating by Deutsche Bank given on Monday, July 27. Goldman Sachs maintained Lear Corporation (NYSE:LEA) rating on Tuesday, May 3. Goldman Sachs has “Neutral” rating and $122 price target. RBC Capital Markets maintained Lear Corporation (NYSE:LEA) rating on Monday, October 26. RBC Capital Markets has “Outperform” rating and $138 price target. The rating was maintained by Citigroup on Tuesday, August 2 with “Buy”.
According to Zacks Investment Research, “Lear Corporation is a leading global supplier of automotive seating systems, electrical distribution systems and electronics. The seating segment consists of the manufacture, assembly and supply of vehicle seating requirements. The Company produces seat systems for automobiles and light trucks that are fully assembled and ready for installation. The electrical and electronic segment consists of the manufacture, assembly and supply of electrical and electronic systems and components for the vehicle. The Company is able to provide its customers with engineering and design solutions and manufactured systems, modules and components that optimally integrate the electrical distribution system of wiring, terminals and connectors, junction boxes and electronic modules within the overall architecture of the vehicle. Lear Corporation is headquartered in Southfield, Michigan.”
Insitutional Activity: The institutional sentiment decreased to 1.05 in 2016 Q2. Its down 0.17, from 1.22 in 2016Q1. The ratio fall, as 33 funds sold all Lear Corporation shares owned while 169 reduced positions. 50 funds bought stakes while 162 increased positions. They now own 65.88 million shares or 12.31% less from 75.13 million shares in 2016Q1.
Twin Tree Management Ltd Partnership has 0% invested in the company for 2,835 shares. Scopus Asset L P accumulated 173,118 shares or 0.23% of the stock. Lsv Asset Management accumulated 2.70M shares or 0.56% of the stock. Focused Wealth Management holds 0.09% or 1,850 shares in its portfolio. Neuberger Berman Grp Incorporated Ltd Liability Company has invested 0% of its portfolio in Lear Corporation (NYSE:LEA). Morgan Stanley has 679,248 shares for 0.02% of their US portfolio. Dupont Capital Mngmt reported 38,100 shares or 0.09% of all its holdings. Rbf Cap Ltd reported 11,537 shares or 0.23% of all its holdings. Blue Clay Cap Mgmt Limited Liability Company last reported 1.21% of its portfolio in the stock. The Manitoba – Canada-based Ig Invest Management has invested 0.05% in Lear Corporation (NYSE:LEA). Maverick Ltd has 0.04% invested in the company for 27,600 shares. Moreover, Us Financial Bank De has 0.01% invested in Lear Corporation (NYSE:LEA) for 35,964 shares. Blackrock Limited last reported 0.05% of its portfolio in the stock. Martingale Asset Mgmt L P accumulated 86,591 shares or 0.15% of the stock. Piermont Management last reported 8,480 shares in the company.
Insider Transactions: Since May 19, 2016, the stock had 0 buys, and 3 insider sales for $368,766 net activity. Another trade for 653 shares valued at $75,957 was made by Kunkel Jay K. on Friday, June 3. FOSTER JONATHAN F sold 1,500 shares worth $178,856. SMITH GREG C had sold 1,000 shares worth $113,953.
Lear Corporation is a supplier to the global automotive industry. The company has a market cap of $8.41 billion. The Firm is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. It has a 9.59 P/E ratio. The Firm operates through two divisions: seating and electrical.
LEA Company Profile
Lear Corporation (Lear), incorporated on January 13, 1987, is a supplier to the global automotive industry. The Firm is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Firm operates through two divisions: seating and electrical. It has over 240 manufacturing, engineering and administrative locations in approximately 40 countries. It has automotive content on over 350 vehicle nameplates across the world.
More notable recent Lear Corporation (NYSE:LEA) news were published by: Benzinga.com which released: “Goldman Downgrades Lear Corporation To Sell Amid Elevated Expectations” on October 06, 2016, also Prnewswire.com with their article: “Lear Corporation Sponsors Jaguar in FIA Formula E World Championship” published on September 08, 2016, Valuewalk.com published: “Long Idea: Lear Corporation (LEA)” on August 05, 2016. More interesting news about Lear Corporation (NYSE:LEA) were released by: Prnewswire.com and their article: “Qualcomm and Lear Corporation Sign Commercial Wireless Electric Vehicle …” published on July 27, 2016 as well as Seekingalpha.com‘s news article titled: “Lear Corporation’s (LEA) CEO Matt Simoncini on Q2 2016 Results – Earnings Call …” with publication date: July 31, 2016.
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