Lowe’s Cos. Given New $55.00 Price Target at Credit Suisse (LOW)
Stock analysts at Credit Suisse upped their price target on shares of Lowe’s Cos. (NYSE:LOW) to $55.00 in a report issued on Friday, AnalystRatings.NET reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price objective would indicate a potential upside of 15.01% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Lowe’s Cos. in a research note to investors on Tuesday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lowe’s Cos. in a research note to investors on Monday, September 30th. They now have a $53.00 price target on the stock, up previously from $49.00. Twelve analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $46.45.
Shares of Lowe’s Cos. (NYSE:LOW) traded up 1.34% during mid-day trading on Friday, hitting $48.46. 2,534,179 shares of the company’s stock traded hands. Lowe’s Cos. has a 1-year low of $30.86 and a 1-year high of $49.17. The stock’s 50-day moving average is $47.12 and its 200-day moving average is $42.95. The company has a market cap of $50.970 billion and a price-to-earnings ratio of 24.49.
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. Analysts expect that Lowe’s Cos. will post $2.19 EPS for the current fiscal year.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
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