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Jefferies Group raised their target price on shares of Lowe's Companies (NYSE:LOW) from $47.00 to $51.00 in a research note issued on Thursday. Jefferies Group’s target price suggests a potential downside of 2.54% from the company’s current price.

Lowe's Companies (NYSE:LOW) opened at 52.33 on Thursday. Lowe's Companies has a 52 week low of $44.13 and a 52 week high of $52.66. The stock has a 50-day moving average of $48.47 and a 200-day moving average of $47.60. The company has a market cap of $52.190 billion and a price-to-earnings ratio of 22.80. Lowe's Companies also saw some unusual options trading activity on Monday. Investors bought 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 announced its 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. On average, analysts predict that Lowe's Companies will post $2.61 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $51.64.

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

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