Barclays Capital Gives Equalweight Rating to Lowe’s (LOW)

By admin | 6 years ago

Lowe’s (NYSE: LOW)‘s stock had its “equalweight” rating reiterated by investment analysts at Barclays Capital (NYSE: BCS) in a note issued to investors on Tuesday.

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.

About the author