Stock Update: Lowes Companies Inc (NYSE:LOW) – Google Partners With Lowe’s For New DIY Tools

[Benzinga] – Google parent Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOGL ) has partnered with home improvement retailer Lowe’s Companies, Inc. (NYSE: LOW ) to debut a new mapping technology that will make home makeovers … Read more on this. Lowe’s Companies, Inc. (LOW) , with a current market cap of $63.14B, started the session at $67.75. Shares have traded today between $67.74 and $70.36 per share with the price of the stock fluctuating between $64.22 to $78.13 over the last 52 weeks. LOW shares are currently priced at 21.06x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.49x forward p/e ratio. The company pays shareholders $1.12 per share annually in dividends, yielding 1.58%. Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $0.59 per share, which would be $0.13 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $3.32 is a $0.62 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.06 Billion. If reported, 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. Given all the information above, we should disclose to readers that the average price target is $83.23, which is 22.85% above than it opened this morning. See more in (NYSE:LOW) Similar Articles: 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 Stock Update: Lowes Companies Inc (NYSE:LOW) – Z-Wave Alliance Welcomes New Member Lowe’s as It Expands Its Smart Home Retail Presence