Lowe’s Companies, Inc. (NYSE:LOW)‘s stock had its “buy” rating reissued by equities research analysts at BMO Capital Markets in a note issued to investors on Thursday. They presently have a $89.00 price target on the home improvement retailer’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 15.84% from the company’s previous close.

A number of other research firms have also recently weighed in on LOW. Royal Bank Of Canada reissued a “buy” rating and issued a $90.00 price objective on shares of Lowe’s Companies in a research report on Monday, April 3rd. Jefferies Group LLC raised their price objective on Lowe’s Companies from $80.00 to $94.00 and gave the stock a “hold” rating in a research report on Friday, May 12th. Vetr cut Lowe’s Companies from a “sell” rating to a “strong sell” rating and set a $72.25 price objective for the company. in a research report on Monday, April 3rd. Stifel Nicolaus lowered their price objective on Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. Finally, Zacks Investment Research cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $85.39.

Lowe’s Companies (NYSE LOW) opened at 76.83 on Thursday. The stock’s 50 day moving average price is $78.03 and its 200-day moving average price is $78.95. Lowe’s Companies has a one year low of $64.87 and a one year high of $86.25. The company has a market capitalization of $64.86 billion, a P/E ratio of 24.09 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.03. The business had revenue of $16.86 billion during the quarter, compared to analyst estimates of $16.99 billion. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 EPS. Equities analysts forecast that Lowe’s Companies will post $4.62 EPS for the current year.

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In related news, insider Richard D. Maltsbarger sold 11,672 shares of Lowe’s Companies stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total value of $936,094.40. Following the completion of the transaction, the insider now owns 37,716 shares in the company, valued at approximately $3,024,823.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. raised its stake in Lowe’s Companies by 1.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 44,296 shares of the home improvement retailer’s stock valued at $3,434,000 after buying an additional 627 shares during the period. Whittier Trust Co. raised its stake in Lowe’s Companies by 1.8% in the second quarter. Whittier Trust Co. now owns 168,256 shares of the home improvement retailer’s stock valued at $13,045,000 after buying an additional 2,950 shares during the period. US Bancorp DE raised its stake in Lowe’s Companies by 0.9% in the second quarter. US Bancorp DE now owns 1,013,699 shares of the home improvement retailer’s stock valued at $78,592,000 after buying an additional 8,638 shares during the period. Bollard Group LLC raised its stake in Lowe’s Companies by 0.4% in the second quarter. Bollard Group LLC now owns 20,417 shares of the home improvement retailer’s stock valued at $1,583,000 after buying an additional 83 shares during the period. Finally, Cape ANN Savings Bank raised its stake in Lowe’s Companies by 0.4% in the second quarter. Cape ANN Savings Bank now owns 10,411 shares of the home improvement retailer’s stock valued at $807,000 after buying an additional 40 shares during the period. Institutional investors own 74.54% of the company’s stock.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

Analyst Recommendations for Lowe`s Companies (NYSE:LOW)

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