Recent Investment Analysts’ Ratings Updates for Lowe's Companies (LOW)

Lowe's Companies (NYSE: LOW) has recently received a number of price target changes and ratings updates:

  • 2/5/2018 – Lowe's Companies was upgraded by analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating. They now have a $129.00 price target on the stock, up previously from $81.00.
  • 2/2/2018 – Lowe's Companies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $116.00 price target on the stock. According to Zacks, “We believe improving job scenario, housing market recovery, merchandising initiatives and post hurricane construction activities along with efforts to enhance omni-channel capabilities bode well for Lowe’s. These have led shares to increase and outpace the industry in the past three months. The buyout of Maintenance Supply Headquarters is also strengthening relationship with pro customers. These endeavors aided the company to post better-than-expected third-quarter fiscal 2017 results, after witnessing negative surprises during the preceding two quarters. Also both the top and bottom lines sustained their year over year improvement. However, we noticed that in spite of sturdy performance, Lowe’s maintained its outlook. Management continues to expect sales to increase 5% with comps growth of 3.5% during fiscal 2017. Of late, estimates are trending upwards ahead of the company’s fourth quarter earnings release.”
  • 1/25/2018 – Lowe's Companies was upgraded by analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating. They now have a $124.00 price target on the stock, up previously from $83.00.
  • 1/24/2018 – Lowe's Companies had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $124.00 price target on the stock, up previously from $103.00.
  • 1/22/2018 – Lowe's Companies was given a new $115.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 1/22/2018 – Lowe's Companies was upgraded by analysts at Sanford C. Bernstein from an “underperform” rating to an “outperform” rating.
  • 1/19/2018 – Lowe's Companies had its price target raised by analysts at BTIG Research to $115.00. They now have a “buy” rating on the stock.
  • 1/16/2018 – Lowe's Companies was given a new $116.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 1/16/2018 – Lowe's Companies was upgraded by analysts at Consumer Edge from a “neutral” rating to an “outperform” rating.
  • 1/5/2018 – Lowe's Companies was downgraded by analysts at Zelman & Associates from a “buy” rating to a “hold” rating.
  • 1/5/2018 – Lowe's Companies was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating.
  • 1/3/2018 – Lowe's Companies had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $110.00 price target on the stock.
  • 12/22/2017 – Lowe's Companies had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $103.00 price target on the stock.

Shares of Lowe's Companies, Inc. (NYSE LOW) opened at $97.17 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. Lowe's Companies, Inc. has a 12-month low of $70.76 and a 12-month high of $108.98. The firm has a market cap of $80,627.83, a price-to-earnings ratio of 23.30, a P/E/G ratio of 0.91 and a beta of 1.19.

Lowe's Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The firm had revenue of $16.77 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same period in the prior year, the company earned $0.88 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. analysts anticipate that Lowe's Companies, Inc. will post 4.53 earnings per share for the current year.

In related news, insider Nelson B. Peace sold 3,352 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $80.20, for a total transaction of $268,830.40. Following the completion of the sale, the insider now directly owns 4,650 shares of the company’s stock, valued at approximately $372,930. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

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.

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