Lowe's Companies Stock Rating Reaffirmed by Deutsche Bank (LOW)
Lowe's Companies (NYSE:LOW)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Thursday. They currently have a $58.00 target price on the stock, up from their previous target price of $54.00. Deutsche Bank’s price objective points to a potential upside of 10.84% from the company’s current price.
Lowe's Companies (NYSE:LOW) traded up 1.07% on Thursday, hitting $52.89. 2,965,028 shares of the company’s stock traded hands. 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 $52.748 billion and a P/E ratio of 23.15. Lowe's Companies also was the recipient of unusually large options trading on Monday. Investors bought 11,401 call options on the company. This represents an increase of 256% compared to the typical 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 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.88 earnings per share. Lowe's Companies’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that Lowe's Companies will post $2.62 EPS for the current fiscal year.
A number of other firms have also recently commented on LOW. Analysts at Bank of America raised their price target on shares of Lowe's Companies to $61.00 in a research note on Thursday. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Lowe's Companies has an average rating of “Buy” and an average target price of $52.53.
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.