J.P. Morgan analyst Christopher Horvers maintained a Hold rating on Lowe's Companies (NYSE:LOW) on Wednesday, setting a price target of $271, which is approximately 9.55% above the present share price of $247.38.
Horvers expects Lowe's Companies to post earnings per share (EPS) of $4.27 for the fourth quarter of 2021.
The current consensus among 14 TipRanks analysts is for a Strong Buy rating of shares in Lowe's, with an average price target of $273.43.
The analysts price targets range from a high of $295 to a low of $240.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $27.57 billion and a net profit of $4.21 billion. The company's market cap is $171.29 billion.
According to TipRanks.com, J.P. Morgan analyst Christopher Horvers is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.0% and a 69.17% success rate.
Founded in 1946, Lowe's Companies, Inc. operates as a home improvement retailer in the United States, Canada and Mexico. It offers home improvement products in various categories including appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors. The company is headquartered in Mooresville, North Carolina.