How to Buy Lear Stock
Lear Corp
Lear is a auto part company located in Michigan, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker LEA on the NYSE exchange.
Lear stock last closed at $131.16, up 0.54% from the previous day, and has decreased 4.09% in one year. It has overperformed other stocks in the Auto Parts industry by 0.07 percentage points. Lear stock is currently +11.35% from its 52-week low of $117.79, and -16.94% from its 52-week high of $157.91.
As of Apr 18, 2024, there are 57.03M shares of LEA outstanding. The market cap of LEA is $7.48B. In the last 24 hours, 370,737 LEA shares were traded.
How to Buy Lear Stock
Not sure how to invest in Lear stock? Here's how.
- Figure out where to buy Lear stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you decide where to buy Lear stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Pick your method of payment and add your info.
- Evaluate Lear stock: The Lear ticker symbol is LEA. Is Lear stock a good investment? Should you buy shares of LEA? How do LEA's underlying business fundamentals look? Do top analysts think Lear is a good buy? Why has LEA's stock price moved recently? (Hint: Our stock market research website can help you figure out if LEA is a good stock to buy).
- Execute your LEA buy order: Decide if you will purchase LEA shares at the current market price or use a limit order to purchase LEA shares at a particular price.
- Monitor your investment in LEA: Create a watchlist to get the latest news on your position in Lear stock.
Step 1: Figure out where to buy Lear stock
You will need an online brokerage account to access the NYSE market and buy LEA shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal info so you are able to invest in LEA today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start a new trading account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have created your account on our top ranked stock app, your next step is to transfer the money for your investment:
Check out this video walkthrough to see the process of transferring funds into your new investment account.
Step 4: Evaluate Lear stock
Once you have figured out the best place to buy Lear stock, it's important to evaluate their stock prior to buying, so you can comprehend the risk and opportunity.
Overview of key LEA info
LEA Zen Score
WallStreetZen was designed to help part-time investors do more accurate fundamental analysis quickly.
You can see all of the due diligence checks on LEA's stock page.
Is LEA stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge LEA's true value.
Using relative valuations measures:
- LEA could be undervalued based on its P/E ratio of 13.48x, relative to Auto Parts industry P/E ratio of -164.37x
- LEA could be undervalued based on its P/B ratio of 1.52x, relative to Auto Parts industry P/B ratio of 1.77x
- LEA may be undervalued based on its PEG ratio of 0.21x
You can do more valuation analysis on LEA's stock here.
LEA Financial Health Summary
Positive Financial Indicators:
- LEA profit margin has gone up from 1.6% to 2.4% in the past year.
- There are more short-term assets than short-term liabilities on the LEA balance sheet.
- There are more short-term assets than long-term liabilities on the LEA balance sheet.
- LEA's operating cash flow of $1.25B allows it to safely service it's debt of $2.77B.
- LEA earnings of $854.40M is not enough to cover its interest payments.
Negative Financial Indicators:
- LEA has a relatively high debt to equity ratio of 1.96.
- Total LEA debt is higher than 5 years ago, relative to shareholder equity.
Is Lear stock a Buy, Hold, or Sell, according to analysts?
Out of 6 Equities analysts who track LEA, the consensus analyst rating on LEA is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Most Recent LEA Analyst Recommendations
Michael Ward, a top 6% analyst from Benchmark maintains LEA with a strong buy rating and raises their LEA price target from $188.00 to $200.00, on Jan 2, 2024.
Benchmark's Michael Ward raised their price target on Lear (NYSE: LEA) by 6.4% from $188 to $200 on 2024/01/02. The analyst maintained their Strong Buy rating on the stock.
"Lear is a Benchmark top pick for 2024," the analyst reported, explaining that "expanding and more consistent industry production will lead to better-than-expected EPS for the manufacturing sector in 2024 and 2025."
Lear's balance sheet is one of the best among Supplier names, Ward told investors, arguing that "the company will generate even more cash thanks to higher and more consistent production, resulting in greater shareholder returns."
You can dive deeper into what analysts are projecting on the Lear stock forecast page.
LEA Trading Indicators
LEA Performance Numbers
Last year, LEA earnings were $572.50M. Over the last five year, LEA's earnings have grown by -10.92% per year. This was slower than the Auto Parts industry average of 4.52%.
Last year, LEA revenue was $23.47B. In the last five year, LEA's revenue has increased by 2.1% per year. This was slower than the Auto Parts industry average of 10.74%.
Find out more about LEA's earnings and revenue performance here.
What are LEA insiders up to?
Over the past 12 months, insiders at LEA have sold more shares than they have bought.
Jason M. Cardew, Sr. VP CFO of LEA, was the latest LEA insider to sell. They sold $387,227.50 worth of LEA shares on Mar 5, 2024.
Research more about who owns LEA stock here.
Does LEA provide a stable income stream?
Lear pays a dividend of 2.35%, compared to the Auto Parts industry's average dividend yield of 2.67%. If you owned $1,000 worth of LEA stock, you would have received $23.48 in the past 12 months.
Lear dividend payments have consistently grown over the past decade but have not remained stable.
Get more info about Lear dividend yield and history here.
What do other investors have to say about LEA?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your LEA buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given price, place a limit order.
Hit the Open button and your broker will execute the order.
If you need additional info about investing in stocks on eToro, watch the helpful video below:
Step 6: Monitor your investment in LEA
Now that you own some LEA shares, you'll want to keep up with your new stock purchase.
Make a watchlist to keep tabs on your LEA stock.
LEA Feed
How to Buy Stock in Lear
To summarize, here are the 6 steps to buy Lear stock:
- Figure out where to buy Lear stock
- Sign up for your brokerage account
- Put funds into your brokerage account
- Evaluate Lear stock
- Execute your LEA buy order
- Monitor your investment in LEA
If you are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get updates on your new investment in Lear, create a watchlist today.
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