Lowe’s Cos. Given “Buy” Rating at TheStreet (LOW)
Lowe’s Cos. (NYSE:LOW)‘s stock had its “buy” rating reiterated by TheStreet in a research note issued on Friday, Stock Ratings Network.com 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.”
Lowe’s Cos. (NYSE:LOW) traded down 2.67% during mid-day trading on Friday, hitting $47.71. The stock had a trading volume of 5,792,380 shares. Lowe’s Cos. has a 52 week low of $31.17 and a 52 week high of $49.17. The stock’s 50-day moving average is $47.37 and its 200-day moving average is $43.29. The company has a market cap of $50.181 billion and a price-to-earnings ratio of 25.10.
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.
Other equities research analysts have also recently issued reports about the stock. Analysts at SunTrust initiated coverage on shares of Lowe’s Cos. in a research note to investors on Tuesday. They set a “buy” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Lowe’s Cos. to $55.00 in a research note to investors on Friday, October 11th. They now have an “outperform” rating on the stock. Finally, 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 investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $46.45.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
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