Barclays Capital Gives Equalweight Rating to Lowe’s (LOW)
Shares of Lowe’s opened at 25.49 on Tuesday. Lowe’s has a 52 week low of $18.07 and a 52 week high of $32.29. The company has a market cap of $30.560 billion and a P/E ratio of 17.83.
Lowe’s last announced its earnings results on Monday, May 21st. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.03. Lowe’s’s revenue was up 7.9% compared to the same quarter last year. On average, analysts predict that Lowe’s will post $0.41 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of Lowe’s to $32.00 in a research note to investors on Tuesday. Separately, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Lowe’s in a research note to investors on Tuesday. Finally, analysts at UBS AG (NYSE: UBS) cut their price target on shares of Lowe’s to $34.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock.
Lowe’s Companies, Inc. (Lowe’s) is a home improvement retailer. As of February 3, 2012, Lowe’s operated 1,745 stores, consisted of 1,712 stores across 50 United States, 31 stores in Canada and two stores in Mexico.