Wells Fargo analyst Zachary Fadem maintained a Buy rating on Lowe’s (LOW) today. The company’s shares closed last Monday at $149.12, close to its 52-week high of $149.65.
According to TipRanks.com, Fadem is a top 100 analyst with an average return of 26.8% and a 79.0% success rate. Fadem covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Floor & Decor Holdings, and Advance Auto Parts.
Currently, the analyst consensus on Lowe’s is a Strong Buy with an average price target of $149.06, which is a 1.2% upside from current levels. In a report issued on July 16, Piper Sandler also maintained a Buy rating on the stock with a $170.00 price target.
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Based on Lowe’s’ latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $19.68 billion and net profit of $1.34 billion. In comparison, last year the company earned revenue of $17.74 billion and had a net profit of $1.05 billion.
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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. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors. The company was founded in 1946 and is headquartered in Mooresville, NC.
