TheStreet reissued their buy rating on shares of Lowe’s Cos. (NYSE:LOW) in a research report sent to investors on Friday morning, AnalystRatingsNetwork.com reports.
“Lowe’s Companies (LOW) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.,” the firm’s analyst wrote.
Several other analysts have also recently commented on the stock. Analysts at Wedbush initiated coverage on shares of Lowe’s Cos. in a research note to investors on Thursday. They set an outperform rating and a $60.00 price target on the stock. Separately, analysts at UBS AG cut their EPS estimates on shares of Lowe’s Cos. in a research note on Thursday. They now have a buy rating and a $57.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an overweight rating on shares of Lowe’s Cos. in a research note to investors on Wednesday, November 20th. Twelve investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $47.10.
Shares of Lowe’s Cos. (NYSE:LOW) opened at 47.98 on Friday. Lowe’s Cos. has a 52-week low of $34.20 and a 52-week high of $52.08. The stock has a 50-day moving average of $49.04 and a 200-day moving average of $45.73. The company has a market cap of $50.379 billion and a P/E ratio of 22.96.
Lowe’s Cos. (NYSE:LOW) last released its earnings data on Wednesday, November 20th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.01. The company had revenue of $12.96 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts predict that Lowe’s Cos. will post $2.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Friday, January 17th.
In other Lowe’s Cos. news, Director Peter C. Browning sold 9,761 shares of the stock on the open market in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $46.92, for a total value of $457,986.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
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