Truist Financial Issues Pessimistic Forecast for Lowe’s Companies (NYSE:LOW) Stock Price

Lowe’s Companies (NYSE:LOW) had its price objective lowered by Truist Financial from $308.00 to $295.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the home improvement retailer’s stock.

Several other equities analysts have also weighed in on the company. Evercore ISI lifted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. Guggenheim reaffirmed a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Sanford C. Bernstein increased their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Stifel Nicolaus lifted their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada increased their price target on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.83.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $248.71 on Thursday. The firm has a market capitalization of $140.43 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. Lowe’s Companies has a one year low of $211.80 and a one year high of $287.01. The company has a 50 day moving average price of $252.52 and a 200 day moving average price of $259.05.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. As a group, equities analysts forecast that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Institutional Trading of Lowe’s Companies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BridgePort Financial Solutions LLC bought a new position in Lowe’s Companies during the 4th quarter worth $866,000. Park Square Financial Group LLC bought a new position in shares of Lowe’s Companies in the fourth quarter worth $45,000. Menard Financial Group LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter valued at $56,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at about $159,029,000. Finally, Brooklyn FI LLC acquired a new stake in Lowe’s Companies in the fourth quarter worth about $820,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.