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Analysts at Canaccord Genuity hoisted their price target on shares of Lowe's Companies (NYSE:LOW) from $37.00 to $40.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “sell” rating on the stock. Canaccord Genuity’s price objective indicates a potential downside of 22.36% from the stock’s previous close.

LOW has been the subject of a number of other recent research reports. Analysts at Bank of America reiterated a “buy” rating on shares of Lowe's Companies in a research note on Wednesday. Separately, 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. 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 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 company presently has an average rating of “Buy” and an average target price of $51.21.

Lowe's Companies (NYSE:LOW) traded down 0.54% on Wednesday, hitting $51.2401. 7,766,126 shares of the company’s stock traded hands. Lowe's Companies has a 52 week low of $43.52 and a 52 week 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 $51.103 billion and a price-to-earnings ratio of 22.80. Lowe's Companies also was the recipient of some unusual options trading activity on Monday. Stock traders bought 11,401 call options on the stock. This is an increase of 256% compared to the typical daily 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, compared to the consensus estimate of $16.57 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter 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.

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

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