Lowe’s Companies (NYSE:LOW) Upgraded at StockNews.com

Lowe’s Companies (NYSE:LOW) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

A number of other equities research analysts have also recently issued reports on LOW. Piper Sandler decreased their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research report on Monday. Mizuho lowered their target price on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Bank of America decreased their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Truist Financial dropped their price objective on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Royal Bank of Canada decreased their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $279.71.

Lowe’s Companies Stock Up 0.5 %

Shares of LOW traded up $1.22 during mid-day trading on Wednesday, hitting $231.91. 1,790,427 shares of the company’s stock were exchanged, compared to its average volume of 2,275,887. The stock has a market cap of $130.95 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 1.96 and a beta of 1.12. The firm has a fifty day moving average of $246.76 and a two-hundred day moving average of $257.53. Lowe’s Companies has a twelve month low of $211.80 and a twelve month high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, equities analysts predict that Lowe’s Companies will post 11.9 earnings per share for the current year.

Institutional Investors Weigh In On Lowe’s Companies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC bought a new position in Lowe’s Companies in the third quarter valued at about $27,000. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $25,000. Wood Tarver Financial Group LLC acquired a new position in Lowe’s Companies in the 4th quarter worth $25,000. Marshall Investment Management LLC bought a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $31,000. Finally, Winch Advisory Services LLC boosted its stake in shares of Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 44 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

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.