Stock Update (NYSE:LOW): Cabot Exterior Woodcare Line Rolls Out to Lowe’s Stores Nationwide; New Cabot Gold Stain Launched

[PR Newswire] – MINNEAPOLIS, Jan. 27, 2016 /PRNewswire/ — The Valspar Corporation has announced that it is introducing its Cabot® Woodcare line of top-quality stains and woodcare products to more than 1,400 Lowe’s stores across the U.S. in March for the 2016 stain season. Cabot’s exterior woodcare line at Lowe’s will include four Cabot product lines, including Cabot’s Australian Timber Oil , Cabot Semi-Solid, Cabot Solid Acrylic and new Cabot Gold — in a variety of colors and finishes. Read more on this. Lowe’s Companies, Inc. (LOW) , valued at $64.00B, started trading this morning at $70.02. A quick look at the market, the company’s stock traded between $69.66 and $70.95 with its 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 forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.12 per share annually in dividends, yielding 1.59%. 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 improvement when compared to the last 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. 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 18.28% 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 Stock Update: Lowes Companies Inc (NYSE:LOW) – Z-Wave Alliance Welcomes New Member Lowe’s as It Expands Its Smart Home Retail Presence Stock Update: Lowes Companies Inc (NYSE:LOW) – Lowe’s to Webcast Presentation from the Goldman Sachs 22nd Annual Global Retailing Conference
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