Lowe's Companies PT Raised to $61.00 at Bank of America (LOW)
Equities researchers at Bank of America hoisted their price target on shares of Lowe's Companies (NYSE:LOW) to $61.00 in a research report issued on Thursday. Bank of America’s price target would indicate a potential upside of 16.57% from the company’s current price.
A number of other firms have also recently commented on LOW. Analysts at Jefferies Group raised their price target on shares of Lowe's Companies from $47.00 to $51.00 in a research note on Thursday. They now have a “hold” rating on the stock. Separately, 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. 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 analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $52.27.
Shares of Lowe's Companies (NYSE:LOW) opened at 52.33 on Thursday. Lowe's Companies has a 1-year low of $44.13 and a 1-year 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 23.15. Lowe's Companies also was the target 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 average volume of 3,202 call options.
Lowe's Companies (NYSE:LOW) last issued its quarterly earnings data 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 $2.62 EPS for the current fiscal year.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
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