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Lowe's Companies (NYSE:LOW) has been given a consensus recommendation of “Buy” by the twenty-two brokerages that are currently covering the stock, AmericanBankingNews.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $51.07.

A number of analysts have recently weighed in on LOW shares. Analysts at Canaccord Genuity downgraded shares of Lowe's Companies from a “hold” rating to a “sell” rating in a research note on Wednesday. They now have a $37.00 price target on the stock, down previously from $47.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lowe's Companies in a research note on Thursday, May 22nd. They now have a $54.00 price target on the stock, down previously from $57.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Lowe's Companies in a research note on Thursday, May 22nd. They now have a $45.00 price target on the stock, down previously from $47.00.

Shares of Lowe's Companies (NYSE:LOW) traded down 2.13% during mid-day trading on Wednesday, hitting $46.76. The stock had a trading volume of 1,746,132 shares. Lowe's Companies has a one year low of $38.87 and a one year high of $52.08. The stock has a 50-day moving average of $46.27 and a 200-day moving average of $47.80. The company has a market cap of $47.321 billion and a price-to-earnings ratio of 21.14.

Lowe's Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 21st. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.01. The company had revenue of $13.40 billion for the quarter, compared to the consensus estimate of $13.86 billion. During the same quarter last year, the company posted $0.49 earnings per share. Lowe's Companies’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that Lowe's Companies will post $2.61 earnings per share for the current fiscal year.

Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.

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