Lowe’s Cos. Receives Buy Rating from Deutsche Bank (LOW)
Lowe’s Cos. (NYSE:LOW)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank in a report released on Monday, Analyst Ratings.Net reports. They currently have a $53.00 price target on the stock, up from their previous price target of $49.00. Deutsche Bank’s price target indicates a potential upside of 10.95% from the company’s current price.
The analysts wrote, “We continue to see Lowe’s as an attractive investment even at current levels as company specific initiatives are starting to kick in right when the macro environment has become supportive. Execution has gotten better, but l there is still plenty of room to grow sales per foot, which is 20%+ below peak, and operating margins, which are 350 bps below peak. We maintain our Buy rating on LOW.”
A number of other analysts have also recently weighed in on LOW. Analysts at TheStreet reiterated a “buy” rating on shares of Lowe’s Cos. (NYSE:LOW) in a research note to investors on Thursday. Separately, 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. Twelve research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Lowe’s Cos. has an average rating of “Buy” and an average price target of $46.00.
Shares of Lowe’s Cos. (NYSE:LOW) traded down 0.40% on Monday, hitting $47.58. The stock had a trading volume of 361,026 shares. Lowe’s Cos. has a 52-week low of $30.04 and a 52-week high of $49.17. The stock has a 50-day moving average of $46.4 and a 200-day moving average of $42.37. The company has a market cap of $50.044 billion and a P/E ratio of 24.46.
Lowe’s Cos. (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.88 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.65 earnings per share. Lowe’s Cos.’s revenue was up 10.3% compared to the same quarter last year. Analysts expect that Lowe’s Cos. will post $2.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 6th. Investors 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.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
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