Lowe’s Companies, Inc. (NYSE:LOW)‘s stock had its “buy” rating reissued by research analysts at Royal Bank Of Canada in a report issued on Monday. They currently have a $81.00 price target on the home improvement retailer’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 3.54% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a research note on Thursday. Bank of America Corporation initiated coverage on shares of Lowe’s Companies in a research note on Tuesday, September 5th. They issued a “buy” rating and a $95.00 price objective on the stock. J P Morgan Chase & Co reissued a “neutral” rating and set a $83.00 price target (down from $89.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. Jefferies Group LLC reissued a “hold” rating and set a $75.00 price target (down from $89.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $80.00 price target (down from $83.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. Lowe’s Companies currently has an average rating of “Hold” and an average target price of $85.00.

Lowe’s Companies (NYSE LOW) opened at 78.23 on Monday. The firm has a market capitalization of $65.15 billion, a price-to-earnings ratio of 22.21 and a beta of 1.07. The stock’s 50 day moving average is $76.25 and its 200 day moving average is $79.59. Lowe’s Companies has a 1-year low of $64.87 and a 1-year high of $86.25.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.58 billion. During the same period last year, the business posted $1.37 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts predict that Lowe’s Companies will post $4.50 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Lowe’s Companies, Inc. (LOW) Rating Reiterated by Royal Bank Of Canada” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://www.americanbankingnews.com/2017/09/25/lowes-companies-inc-low-rating-reiterated-by-royal-bank-of-canada.html.

In other news, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the transaction, the insider now owns 8,400 shares in the company, valued at $655,368. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Lowe’s Companies by 1.4% during the second quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock valued at $5,021,542,000 after acquiring an additional 897,911 shares in the last quarter. BlackRock Inc. grew its stake in Lowe’s Companies by 1,757.3% during the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after acquiring an additional 58,073,138 shares in the last quarter. FMR LLC grew its stake in Lowe’s Companies by 62.6% during the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after acquiring an additional 3,732,153 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Lowe’s Companies by 0.7% during the second quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock valued at $719,560,000 after acquiring an additional 64,780 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Lowe’s Companies by 8.2% during the first quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock valued at $726,481,000 after acquiring an additional 671,581 shares in the last quarter. 74.20% of the stock is owned by institutional investors.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

Receive News & Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.