Lowe’s Cos.’s Buy Rating Reaffirmed at TheStreet (LOW)
Lowe’s Cos. (NYSE:LOW)‘s stock had its “buy” rating restated by equities research analysts at TheStreet in a research note issued to investors on Thursday, ARN reports.
The analysts wrote, “Lowe’s Companies (LOW) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+. The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
Shares of Lowe’s Cos. (NYSE:LOW) traded up 0.57% on Thursday, hitting $47.81. 1,123,659 shares of the company’s stock traded hands. Lowe’s Cos. has a 52-week low of $29.69 and a 52-week high of $49.17. The stock has a 50-day moving average of $46.23 and a 200-day moving average of $42.27. The company has a market cap of $50.286 billion and a P/E ratio of 24.34.
Lowe’s Cos. (NYSE:LOW) last issued its quarterly 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 $2.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 6th. Shareholders 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 1.51%. The ex-dividend date is Monday, October 21st.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Lowe’s Cos. (NYSE:LOW) in a research note to investors on Thursday, September 19th. They now have a $50.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Lowe’s Cos. (NYSE:LOW) from $48.00 to $54.00 in a research note to investors on Tuesday, August 27th. They now have a “buy” rating on the stock. Finally, analysts at Thomson Reuters/Verus downgraded shares of Lowe’s Cos. (NYSE:LOW) from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 26th. Twelve research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $45.63.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.