Lear Stock Gets $115.00 Price Target from Bank of America
We see Lear Stock making headlines as Bank of America sets a bold $115.00 price target. This move signals confidence in Lear Corporation, a key player in the automotive parts industry, despite a shifting stock market. As of Monday, shares closed at $90.68, showing room for growth if the target holds true.
Lear operates within a 52-week range of $73.85 to $126.85, with a market cap of $4.85 billion. The Bank of America target suggests a 26.8% jump from the current price, grabbing attention from investors. We aim to break down what this means, from earnings to dividends, so you grasp the full picture.
The stock market can feel like a puzzle, but details matter. This article covers analyst views, financial results, and ownership trends for Lear Stock.
Why Bank of America Sees $115.00 for Lear Stock
Bank of America boosted its price target for Lear stock to $115.00, higher than before. This reflects faith in Lear’s ability to grow, even with ups and downs in the stock market. The target points to a solid upside, making it a focal point for investors.
The firm holds a “Buy” rating, standing out among mixed analyst opinions. We see this as a vote for Lear’s strength in a tough industry. It’s a number worth watching as the company navigates challenges.
How Analysts View Lear Stock Today
Analysts offer a range of takes on Lear, with a consensus “Hold” rating. The average price target sits at $107.09, below Bank of America’s bullish call. We compiled key updates to show the bigger picture.
Here’s a quick look at recent analyst moves:
- Bank of America: “Buy”, $115.00 target.
- UBS Group: “Neutral”, $95.00 target.
- Citigroup: “Buy”, $123.00 target, started April 23rd.
- Wells Fargo: “Equal weight” rating, $100.00 target, updated on May 19.
The stock market shows varied confidence in Lear. Citigroup’s $123.00 leads the pack, while UBS lags at $95.00. We think this spread reflects uncertainty, but also opportunity.
Lear Earnings: A Strong Start to the Year
Lear posted first-quarter earnings on May 6th, beating expectations. The company earned $3.12 per share, topping the $2.64 forecast. Revenue hit $5.56 billion, beating the $5.47 billion estimate.
Despite the wins, revenue dropped 7.2% from last year. We see this as a sign of industry struggles, yet Lear’s profits hold firm. Analysts expect full-year earnings per share of $12.89, a steady outlook.
The stock market rewards companies that outperform. Lear’s results suggest resilience, even if growth isn’t perfect. We believe this mix keeps investors interested in Lear Stock.
What the Dividend Tells Us About Lear Stock
Lear offers a quarterly dividend of $0.77 per share, paid June 25th to those on record by June 5th. This annualizes to $3.08, yielding 3.33% at the current price. We see this as a perk for income seekers.
Who Owns Lear?
Big investors hold 97.04% of Lear stock, showing they really believe in the company. Big players like funds and banks see value here. We view this as a mark of credibility in the stock market.
On June 16th, Director Conrad L. Mallett, Jr. sold 1,187 shares for $110,224.82. This sale is small compared to the total shares, so we don’t read much alarm into it. Insider moves happen for many reasons, not always tied to doubt.
Here’s a snapshot of ownership:
| Group | Ownership Percentage |
|---|---|
| Institutions | 97.04% |
| Insiders (recent sale) | Minor impact |
Breaking Down the $115.00 Target for Lear Stock
The $115.00 target hinges on Lear’s ability to capitalize on earnings strength. Bank of America sees growth potential, despite a 7.2% revenue drop. We think this balances optimism with real hurdles.
Compare it to the $107.09 average target. The stock market leans cautious, but Lear’s dividend and ownership bolster its case. We see the gap as a chance for upside if conditions align.
Challenges
Revenue falling 7.2% year-on-year raises questions. The automotive sector faces supply issues and shifting demand. We note this as a risk to Lear Stock, even with strong earnings.
The stock market punishes uncertainty. Lear must show it can reverse this trend to hit that $115.00 mark. We’re watching how they adapt.
Lear’s 3.33% dividend yield beats many peers. Coupled with 97.04% institutional backing, it’s a standout in the stock market. We see these as anchors, even if growth lags.
Final Thoughts
We view Lear Stock as a blend of promise and caution. Bank of America’s $115.00 target highlights potential, backed by solid earnings and dividends. The stock market offers no sure bets, but Lear holds its own.
From $90.68 today, the path to $115.00 looks achievable if revenue steadies. We leave you with a clear take: Lear Stock merits attention for its balance of reward and stability.
Disclaimer:
This content is made for learning only. It is not meant to give financial advice. Always check the facts yourself. Financial decisions need detailed research.