Investment Analysts’ Recent Ratings Updates for Lowe’s Cos. (LOW)

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Several analysts have recently updated their ratings and price targets for Lowe’s Cos. (NYSE: LOW):

9/12/2016 – Lowe’s Cos. had its “hold” rating reaffirmed by analysts at Jefferies Group.
9/12/2016 – Lowe’s Cos. had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc..
8/29/2016 – Lowe’s Cos. had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $94.00 price target on the stock.
8/24/2016 – Lowe’s Cos. had its “buy” rating reaffirmed by analysts at Bank of America Corp.. They now have a $87.65 price target on the stock, up previously from $77.30.
8/22/2016 – Lowe’s Cos. had its price target raised by analysts at BMO Capital Markets from $76.43 to $86.00. They now have an “outperform” rating on the stock.
8/19/2016 – Lowe’s Cos. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “After registering an earnings beat in the first quarter, Lowe’s put up a dismal show with a negative earnings surprise in the second quarter. As a result, it lowered its fiscal 2016 earnings projection. Net sales also fell short of the Zacks Consensus Estimate after having surpassed the same in the trailing four quarters. However, sales increased year over year from its efforts to provide a better omni-channel customer experience and improvement in the housing market. The company seems to be optimistic about the home improvement industry in the second half of 2016. Lowe’s hinted that improving job market and higher disposable income should drive consumer spending. For fiscal 2016, Lowe’s expects total sales growth of approximately 10%. However, analysts pointed that the company’s expansion into regions where it already operates could cannibalize its sales performance and lower traffic count at existing stores.”
8/19/2016 – Lowe’s Cos. was given a new $87.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
8/18/2016 – Lowe’s Cos. was given a new $80.00 price target on by analysts at Nomura. They now have a “hold” rating on the stock.
8/18/2016 – Lowe’s Cos. had its “hold” rating reaffirmed by analysts at Jefferies Group. They now have a $81.00 price target on the stock.
8/18/2016 – Lowe’s Cos. had its “buy” rating reaffirmed by analysts at Argus. They now have a $90.00 price target on the stock.
8/16/2016 – Lowe’s Cos. had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $89.00 price target on the stock.
8/13/2016 – Lowe’s Cos. had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $85.00 price target on the stock, up previously from $70.00.
8/12/2016 – Lowe’s Cos. was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $92.50 price target on the stock.
8/4/2016 – Lowe’s Cos. had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $70.00 price target on the stock.
8/2/2016 – Lowe’s Cos. is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $100.00 price target on the stock.
8/2/2016 – Lowe’s Cos. was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $87.38 price target on the stock.
7/28/2016 – Lowe’s Cos. was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $85.38 price target on the stock.

Shares of Lowe’s Cos. (NYSE:LOW) opened at 71.08 on Wednesday. The company has a market capitalization of $62.17 billion, a price-to-earnings ratio of 23.04 and a beta of 1.07. The firm’s 50-day moving average price is $78.49 and its 200-day moving average price is $77.32. Lowe’s Cos. has a 12 month low of $62.62 and a 12 month high of $83.65.
Lowe’s Cos. (NYSE:LOW) last announced its earnings results on Wednesday, August 17th. The home improvement retailer reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by $0.04. Lowe’s Cos. had a net margin of 4.58% and a return on equity of 43.38%. The firm had revenue of $18.26 billion for the quarter, compared to analyst estimates of $18.42 billion. During the same period in the previous year, the company earned $1.20 EPS. Lowe’s Cos.’s revenue was up 5.3% compared to the same quarter last year. Equities research analysts expect that Lowe’s Cos. will post $4.02 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 19th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, October 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.97%. Lowe’s Cos.’s payout ratio is currently 45.16%.
Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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