After Nomura and Oppenheimer gave Lowe’s (NYSE: LOW) a Buy rating last month, the company received another Buy, this time from Wells Fargo. Analyst Zachary Fadem reiterated a Buy rating on Lowe’s yesterday and set a price target of $140.00. The company’s shares closed last Monday at $113.30.
According to TipRanks.com, Fadem is a 5-star analyst with an average return of 16.8% and a 71.3% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings, Floor & Decor Holdings, and Advance Auto Parts.
Lowe’s has an analyst consensus of Strong Buy, with a price target consensus of $142.00, representing a 18.0% upside. In a report issued on February 14, Nomura also maintained a Buy rating on the stock with a $137.00 price target.
See today’s analyst top recommended stocks >>
Lowe’s’ market cap is currently $86.84B and has a P/E ratio of 29.97. The company has a Price to Book ratio of 35.40.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
