Lowe’s Cos. Given “Buy” Rating at UBS AG (LOW)
Lowe’s Cos. (NYSE:LOW)‘s stock had its “buy” rating reiterated by UBS AG in a research note issued on Thursday, AnalystRatings.Net reports. They currently have a $52.00 target price on the stock, up from their previous target price of $49.00. UBS AG’s price objective would indicate a potential upside of 10.66% from the stock’s previous close.
Lowe’s Cos. (NYSE:LOW) traded up 0.02% on Thursday, hitting $46.99. 6,085,160 shares of the company’s stock traded hands. Lowe’s Cos. has a 1-year low of $27.55 and a 1-year high of $47.51. The stock has a 50-day moving average of $44.58 and a 200-day moving average of $40.94. The company has a market cap of $50.138 billion and a price-to-earnings ratio of 24.06.
Lowe’s Cos. (NYSE:LOW) last released its earnings data on Wednesday, August 21st. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.79 by $0.09. The company had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $15.06 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. On average, analysts predict that Lowe’s Cos. will post $2.17 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Telsey Advisory Group raised their price target on shares of Lowe’s Cos. from $48.00 to $50.00 in a research note to investors on Thursday. They now have a “not rated” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Lowe’s Cos. from $48.00 to $50.00 in a research note to investors on Wednesday, August 21st. They now have a “hold” rating on the stock.
Twelve investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Lowe’s Cos. currently has a consensus rating of “Buy” and a consensus target price of $44.84.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Monday, October 21st.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
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