Lowe’s Cos. Sets New 1-Year High at $49.30 (LOW)
Lowe’s Cos. (NYSE:LOW) set a new 52-week high during trading on Wednesday, Analyst Ratings News reports. The stock traded as high as $49.30 and last traded at $49.22, with a volume of 6,518,117 shares. The stock had previously closed at $48.19.
A number of analysts have recently weighed in on LOW shares. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Lowe’s Cos. in a research note to investors on Monday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Lowe’s Cos. in a research note to investors on Friday, October 18th. Finally, analysts at SunTrust initiated coverage on shares of Lowe’s Cos. in a research note to investors on Tuesday, October 15th. They set a “buy” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $46.45.
Lowe’s Cos. has a 52 week low of $28.85 and a 52 week high of $47.58. The stock has a 50-day moving average of $45.56 and a 200-day moving average of $41.71. The company has a market cap of $51.680 billion and a price-to-earnings ratio of 24.67.
Lowe’s Cos. (NYSE:LOW) last announced its 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. On average, analysts predict that Lowe’s Cos. will post $2.19 earnings per share for the current fiscal year.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
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