Lowe's Companies Given Average Recommendation of “Buy” by Analysts (NYSE:LOW)
Lowe's Companies (NYSE:LOW) has received a consensus recommendation of “Buy” from the nineteen brokerages that are covering the stock, Stock Ratings News reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $51.21.
Lowe's Companies (NYSE:LOW) traded down 0.50% on Wednesday, hitting $51.26. 7,408,911 shares of the company’s stock traded hands. Lowe's Companies has a 1-year low of $43.52 and a 1-year high of $52.08. The stock has a 50-day moving average of $48.34 and a 200-day moving average of $47.56. The company has a market cap of $51.122 billion and a P/E ratio of 22.80. Lowe's Companies also saw some unusual options trading on Monday. Investors acquired 11,401 call options on the stock. This represents an increase of approximately 256% compared to the typical volume of 3,202 call options.
Lowe's Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.02 by $0.02. The company had revenue of $16.60 billion for the quarter, compared to the consensus estimate of $16.57 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts expect that Lowe's Companies will post $2.61 EPS for the current fiscal year.
A number of analysts have recently weighed in on LOW shares. Analysts at Canaccord Genuity raised their price target on shares of Lowe's Companies from $37.00 to $40.00 in a research note on Wednesday. They now have a “sell” rating on the stock. Separately, analysts at Bank of America reiterated a “buy” rating on shares of Lowe's Companies in a research note on Wednesday. Finally, analysts at Morgan Stanley initiated coverage on shares of Lowe's Companies in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $50.00 price target on the stock.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.