Lowe's Companies Receives Average Recommendation of “Buy” from Brokerages (NYSE:LOW)
Lowe's Companies (NYSE:LOW) has received an average rating of “Buy” from the seventeen analysts that are covering the stock, Stock Ratings News reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $53.77.
Lowe's Companies (NYSE:LOW) opened at 52.53 on Wednesday. Lowe's Companies has a 1-year low of $44.13 and a 1-year high of $53.04. The stock’s 50-day moving average is $48.72 and its 200-day moving average is $47.69. The company has a market cap of $52.057 billion and a P/E ratio of 21.99.
Lowe's Companies (NYSE:LOW) last issued its quarterly earnings data 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 $2.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.75%.
A number of analysts have recently weighed in on LOW shares. Analysts at Argus raised their price target on shares of Lowe's Companies from $58.00 to $60.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lowe's Companies in a research note on Thursday. They now have a $58.00 price target on the stock, up previously from $54.00. Finally, analysts at Bank of America raised their price target on shares of Lowe's Companies to $61.00 in a research note on Thursday.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
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