UBS AG Lowers Price Target on Lowe’s (LOW)

By admin | 6 years ago

Analysts at UBS AG (NYSE: UBS) decreased their price target on shares of Lowe’s (NYSE: LOW) to $34.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley (NYSE: MS) cut their price target on shares of Lowe’s to $35.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at RBC Capital (NYSE: RY) cut their price target on shares of Lowe’s from $35.00 to $31.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at Goldman Sachs (NYSE: GS) cut their price target on shares of Lowe’s from $33.00 to $31.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock.

Shares of Lowe’s opened at 25.49 on Tuesday. Lowe’s has a one year low of $18.07 and a one year 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 posted its quarterly earnings results on Monday, May 21st. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts expect that Lowe’s will post $0.41 EPS next quarter.

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.

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