Market Update: Lowes Companies Inc (NYSE:LOW) – Lowe’s Companies, Inc. Names Sandra B. Cochran To Board Of Directors

[PR Newswire] – MOORESVILLE, N.C., Jan. 29, 2016 /PRNewswire/ — Lowe’s Companies , Inc. (NYSE: LOW) today announced Sandra B. Cochran, 57, has been appointed to its board of directors, effective immediately. Today’s … Read more on this. Lowe’s Companies, Inc. (LOW) , currently valued at $65.58B, began trading this morning at $70.00. Today, shares have traded between $69.55 and $71.77 per share with a trailing 52-week range being $64.22 to $78.13. LOW shares are currently priced at 21.21x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 7.78x earnings multiple. And for income investors, the company pays shareholders $1.12 per share annually in dividends, yielding 1.61%. According to a consensus of 26 analysts, the earnings estimate of $0.59 per share would be $0.13 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.30, which would be a $0.60 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $13.06 Billion. If realized, that would be a 4.15% increase over the year-ago quarter. More recently, Wedbush upgraded LOW from Neutral to Outperform (Jun 15, 2015). Previously, Atlantic Equities Initiated LOW at to Neutral. When considering if perhaps the stock is under or overvalued, the average price target is $82.82, which is 18.31% above where the stock opened this morning. See more in (NYSE:LOW) Similar Articles: Stock Update: Lowes Companies Inc (NYSE:LOW) – Google Partners With Lowe’s For New DIY Tools Market Update: Lowes Companies Inc (NYSE:LOW) – Lowe’s Companies, Inc. Declares Cash Dividend Company Update: Lowes Companies Inc (NYSE:LOW) – Lowe’s Companies, Inc. Invites You to Join Its Third Quarter 2015 Earnings Conference Call Webcast