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Lowe's Companies (NYSE:LOW)‘s stock had its “hold” rating reaffirmed by Jefferies Group in a research note issued on Thursday. They currently have a $45.00 price target on the stock, down from their previous price target of $47.00. Jefferies Group’s target price would suggest a potential downside of 0.90% from the stock’s previous close.

The analysts wrote, “Despite improvement in May trends, LOW shares saw a muted stock reaction as investors focused on the wider comp gap with HD and questioned the company’s ability to still hit FY comp guidance. After adjusting for the 150 bps weather impact, LOW was below the 4% comp plan for the year when plan implied it should be above. A big Q2 will ease concerns, which will at least require recent sales momentum to flow through the rest of Q2.”

LOW has been the subject of a number of other recent research reports. Analysts at RBC Capital cut their price target on shares of Lowe's Companies from $56.00 to $53.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Lowe's Companies from $50.00 to $47.00 in a research note on Wednesday. They now have a “hold” rating on the stock. Finally, analysts at Wall Street Renegade upgraded shares of Lowe's Companies from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. They now have a $60.00 price target on the stock, up previously from $50.00. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Lowe's Companies presently has a consensus rating of “Buy” and an average target price of $50.18.

Lowe's Companies (NYSE:LOW) traded up 2.29% on Thursday, hitting $46.45. 1,535,675 shares of the company’s stock traded hands. Lowe's Companies has a 1-year low of $38.87 and a 1-year high of $52.08. The stock has a 50-day moving average of $46.43 and a 200-day moving average of $47.. The company has a market cap of $47.322 billion and a P/E ratio of 21.22. Lowe's Companies also was the target of unusually large options trading on Monday. Stock investors bought 3,986 put options on the stock. This represents an increase of approximately 124% compared to the average daily volume of 1,777 put options.

Lowe's Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 21st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $13.40 billion for the quarter, compared to the consensus estimate of $13.86 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts predict that Lowe's Companies will post $2.65 earnings per share for the current fiscal year.

Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.

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