Lowe's Companies Given Buy Rating at Bank of America (LOW)
A number of other firms have also recently commented on LOW. 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. Separately, analysts at Canaccord Genuity downgraded shares of Lowe's Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, May 28th. They now have a $37.00 price target on the stock, down previously from $47.00. They noted that the move was a valuation call. Finally, 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $51.00.
Lowe's Companies (NYSE:LOW) opened at 51.52 on Wednesday. Lowe's Companies has a 1-year low of $43.52 and a 1-year high of $52.08. The stock’s 50-day moving average is $48.34 and its 200-day moving average is $47.56. The company has a market cap of $51.382 billion and a P/E ratio of 22.32. Lowe's Companies also saw unusually large options trading on Monday. Stock investors acquired 11,401 call options on the stock. This represents an increase of approximately 256% compared to the average 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. The company had revenue of $16.60 billion for the quarter. Analysts expect that Lowe's Companies will post $2.61 EPS for the current fiscal year.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
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