Lear Corp (NYSE: LEA)’s stock price has decreased by -2.56 compared to its previous closing price of 98.58. However, the company has seen a -0.95% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-10-29 that LEA reports better-than-expected Q3 results and expects full-year net sales to be $22.95-$23.15 billion, down from the previous guidance of $23.23-$23.67 billion.
Is It Worth Investing in Lear Corp (NYSE: LEA) Right Now?
The price-to-earnings ratio for Lear Corp (NYSE: LEA) is above average at 10.10x. The 36-month beta value for LEA is also noteworthy at 1.46. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 8 rating it as “hold,” and 3 rating it as “sell.”
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The public float for LEA is 54.20M, and at present, short sellers hold a 3.89% of that float. The average trading volume of LEA on November 15, 2024 was 659.09K shares.
LEA’s Market Performance
The stock of Lear Corp (LEA) has seen a -0.95% decrease in the past week, with a -8.40% drop in the past month, and a -14.82% fall in the past quarter. The volatility ratio for the week is 2.16%, and the volatility levels for the past 30 days are at 2.77% for LEA. The simple moving average for the last 20 days is -3.16% for LEA stock, with a simple moving average of -20.76% for the last 200 days.
Analysts’ Opinion of LEA
Many brokerage firms have already submitted their reports for LEA stocks, with Barclays repeating the rating for LEA by listing it as a “Equal Weight.” The predicted price for LEA in the upcoming period, according to Barclays is $120 based on the research report published on October 30, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see LEA reach a price target of $132. The rating they have provided for LEA stocks is “Hold” according to the report published on September 10th, 2024.
LEA Trading at -7.60% from the 50-Day Moving Average
After a stumble in the market that brought LEA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.70% of loss for the given period.
Volatility was left at 2.77%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares sank -9.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.50% lower at present.
During the last 5 trading sessions, LEA fell by -0.95%, which changed the moving average for the period of 200-days by -27.72% in comparison to the 20-day moving average, which settled at $99.20. In addition, Lear Corp saw -31.97% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LEA starting from MALLETT CONRAD L JR, who sale 1,278 shares at the price of $124.55 back on May 28 ’24. After this action, MALLETT CONRAD L JR now owns 0 shares of Lear Corp, valued at $159,175 using the latest closing price.
SMITH GREG C, the Director of Lear Corp, sale 2,392 shares at $123.86 during a trade that took place back on May 23 ’24, which means that SMITH GREG C is holding 0 shares at $296,273 based on the most recent closing price.
Stock Fundamentals for LEA
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.07 for the gross margin
The net margin for Lear Corp stands at 0.02. The total capital return value is set at 0.09. Equity return is now at value 11.34, with 3.71 for asset returns.
Based on Lear Corp (LEA), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.59. The interest coverage ratio of the stock is 7.86.
Currently, EBITDA for the company is 1.66 billion with net debt to EBITDA at 1.32. When we switch over and look at the enterprise to sales, we see a ratio of 0.31. The receivables turnover for the company is 5.46for trailing twelve months and the total asset turnover is 1.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
In summary, Lear Corp (LEA) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
