After Robert W. Baird and Oppenheimer gave Lowe’s (NYSE: LOW) a Buy rating last month, the company received another Buy, this time from Credit Suisse. Analyst Seth Sigman maintained a Buy rating on Lowe’s today and set a price target of $111. The company’s shares opened today at $94.69.
According to TipRanks.com, Sigman ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -3.1% and a 45.4% success rate. Sigman covers the Services sector, focusing on stocks such as Camping World Holdings, Dick’s Sporting Goods, and Wal-Mart Stores Inc.
Currently, the analyst consensus on Lowe’s is Strong Buy and the average price target is $104.53, representing a 10.4% upside.
In a report released today, Wells Fargo also reiterated a Buy rating on the stock with a $110 price target.
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Based on Lowe’s’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $15.49 billion and net profit of $553 million. In comparison, last year the company earned revenue of $16.86 billion and had a net profit of $600 million.
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Lowe’s Cos., Inc. engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodeling, home decorating, and property maintenance.
