Lear Corporation Stock News

Lear's (LEA) acquisition of Thagora Technology is set to boost its sustainable production process by lowering the usage of scrap and energy.

Lear Corporation (NYSE:LEA ) Q1 2022 Earnings Conference Call May 3, 2022 8:30 AM ET Company Participants Ray Scott – President, Chief Executive Officer Jason Cardew – Senior Vice President, Chief

Lear (LEA) delivered earnings and revenue surprises of 15.38% and 5.06%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Is Lear (LEA) a great pick from the value investor's perspective right now? Read on to know more.

The overall outlook for the auto industry has changed since January, according to analysts John Murphy, Aileen Smith and T.T.

SOUTHFIELD, Mich. , March 24, 2022 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will hold a conference call to review the company's fi

NOVI, Mich., March 14, 2022 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF ), the North American leader in specialty vehicle manufacturing, assembly and upfit for the commercial, retail, and service specialty vehicle markets, today announced that Carl Esposito has been appointed to the Company''s Board of Directors, effective March 14, 2022. In addition, Ronald Harbour, 65, a member of the Shyft Board of Directors since 2009, will retire from the board effective as of the Company''s annual meeting of shareholders in May 2022. Esposito, 54, brings decades of experience in leading strategic product innovation and global business lines in aerospace and automotive. He is currently Senior Vice President and President of the E-Systems business for Lear Corporation, a global automotive technology leader in Seating and E-Systems, roles he has held since 2019. Prior to joining Lear in 2019, Esposito enjoyed a 30-year career at Honeywell that culminated with his role as President of the Electronic Solutions …

Lear Corporation found using ticker (LEA) have now 15 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The range between the high target price and low target price is between 220 and 150 with a mean TP of 187.07. Now with the previous closing price of 133.37 this indicates there is a potential upside of 40.3%. The 50 day moving average now sits at 171.4 and the 200 day MA is 171.99. The market capitalisation for the company is $8,433m. You can visit the company''s website by visiting: https://www.lear.com [stock_market_widget type="chart" template="basic" color="green" assets=LEA" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $11,829m based on the market concensus. Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America.

Over the past six months, shares of Lear (NYSE: LEA ) moved lower by 15%. Before having a look at the importance of debt, let us look at how much debt Lear has. Lear''s Debt Based on Lear''s financial statement as of February 10, 2022, long-term debt is at $2.60 billion and current debt is at $800.00 thousand, amounting to $2.60 billion in total debt. Adjusted for $1.32 billion in cash-equivalents, the company''s net debt is at $1.28 billion. Let''s define some of the terms we used in the paragraph above. Current debt is the portion of a company''s debt which is due within 1 year, while long-term debt … Full story available on Benzinga.com

SOUTHFIELD, Mich. , Feb. 28, 2022 /PRNewswire/ -- February 28, 2022 /PRNewswire/ – Lear Corporation (NYSE: LEA ), a global automotive technology leader in Seating and E-Systems, today announced it has completed the acquisition of substantially all of Kongsberg Automotive''s Interior Comfort Systems (ICS) business unit. The acquisition will further advance Lear''s seat component capabilities and expand product offerings in increasingly popular thermal and comfort seating solutions, such as seat heating and ventilation, and massage and lumbar support. "Lear is leading an era of unprecedented evolution and growth in automotive seating innovation. As automakers look for greater product differentiation, increased efficiency and improved performance – especially in the luxury, SUV and electric … Full story available on Benzinga.com

Morgan Stanley analyst Adam Jonas downgraded Lear Corp (NYSE: LEA ) to Equal Weight from Overweight with a price target of $175, down from $200, implying a 10% … Full story available on Benzinga.com

Margins have deteriorated for three consecutive years.

SOUTHFIELD, Mich., Feb. 18, 2022 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share on the Company''s common stock. The dividend…

Lear Corporation found using ticker (LEA) now have 16 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 220 and 155 and has a mean target at 193.38. With the stocks previous close at 175.17 this would imply there is a potential upside of 10.4%. The 50 day moving average now sits at 177.96 and the 200 day moving average is 174.08. The market cap for the company is $10,466m. Company Website: https://www.lear.com [stock_market_widget type="chart" symbol="LEA" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] The potential market cap would be $11,554m based on the market concensus. Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, key seat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.