Lowe’s Companies, Inc. (NYSE:LOW) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Lowe’s Companies, Inc. (NYSE:LOW) have earned an average rating of “Moderate Buy” from the twenty-five brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $280.83.

Several analysts recently issued reports on the stock. Barclays increased their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Bank of America reduced their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Stifel Nicolaus increased their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, Piper Sandler reduced their price target on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th.

Hedge Funds Weigh In On Lowe’s Companies

Several large investors have recently modified their holdings of the business. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe’s Companies during the third quarter worth $27,000. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth $25,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth $25,000. Marshall Investment Management LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth $31,000. Finally, Winch Advisory Services LLC increased its position in shares of Lowe’s Companies by 56.4% during the fourth 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 period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.3 %

Shares of NYSE:LOW opened at $242.84 on Monday. The company’s 50 day moving average price is $251.90 and its two-hundred day moving average price is $259.25. Lowe’s Companies has a 12-month low of $211.80 and a 12-month high of $287.01. The firm has a market cap of $137.12 billion, a PE ratio of 20.25, a PEG ratio of 1.96 and a beta of 1.12.

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

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.