TheStreet Reiterates Buy Rating for Lowe’s Cos. (LOW)
Lowe’s Cos. (NYSE:LOW)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on Sunday, AnalystRatings.NET 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, notable return on equity, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
A number of other analysts have also recently weighed in on LOW. Analysts at Zacks reiterated a “neutral” rating on shares of Lowe’s Cos. in a research note to investors on Wednesday, December 11th. They now have a $50.00 price target on the stock. Separately, analysts at Wedbush initiated coverage on shares of Lowe’s Cos. in a research note to investors on Thursday, December 5th. They set an “outperform” rating and a $60.00 price target on the stock. Finally, analysts at UBS AG cut their EPS estimates on shares of Lowe’s Cos. in a research note on Thursday. They now have a “buy” rating and a $57.00 price target on the stock. Twelve analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $47.63.
Shares of Lowe’s Cos. (NYSE:LOW) opened at 48.95 on Friday. Lowe’s Cos. has a one year low of $34.43 and a one year high of $52.08. The stock’s 50-day moving average is $48.16 and its 200-day moving average is $46.59. The company has a market cap of $51.193 billion and a price-to-earnings ratio of 23.66.
Lowe’s Cos. (NYSE:LOW) last issued its quarterly earnings data on Wednesday, November 20th. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.48 by $0.01. The company had revenue of $12.96 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts predict that Lowe’s Cos. will post $2.17 earnings per share for the current fiscal year.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
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