Lowe’s Cos. Stock Rating Reaffirmed by TheStreet (LOW)
Lowe’s Cos. (NYSE:LOW)‘s stock had its “buy” rating reaffirmed by investment analysts at TheStreet in a note issued to investors on Tuesday, AnalystRatingsNetwork.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, 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.”
Several other analysts have also recently commented on the stock. Analysts at Ned Davis Research downgraded shares of Lowe’s Cos. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, January 21st. Separately, 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. Finally, 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. Thirteen equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $47.63.
Lowe’s Cos. (NYSE:LOW) opened at 46.94 on Tuesday. Lowe’s Cos. has a one year low of $35.86 and a one year high of $52.08. The stock’s 50-day moving average is $48.24 and its 200-day moving average is $47.40. The company has a market cap of $49.091 billion and a P/E ratio of 22.97.
Lowe’s Cos. (NYSE:LOW) last posted its quarterly earnings results on Wednesday, November 20th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the 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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