In a report released today, Zachary Fadem from Wells Fargo maintained a Buy rating on Lowe’s (LOW), with a price target of $110. The company’s shares opened today at $101.25.
According to TipRanks.com, Fadem is a 5-star analyst with an average return of 11.5% and a 68.3% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Michaels Companies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lowe’s with a $119.77 average price target, implying a 18.3% upside from current levels. In a report issued on May 7, RBC Capital also reiterated a Buy rating on the stock.
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Lowe’s’ market cap is currently $88.99B and has a P/E ratio of 39.61. The company has a Price to Book ratio of 24.42.
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Lowe’s Cos., Inc. engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodelling, home decorating, and property maintenance.
