Lowe’s Companies (NYSE:LOW) Receives New Coverage from Analysts at MKM Partners

Stock analysts at MKM Partners assumed coverage on shares of Lowe’s Companies (NYSE:LOWGet Rating) in a research report issued to clients and investors on Thursday, The Fly reports. The firm set a “neutral” rating and a $190.00 price target on the home improvement retailer’s stock. MKM Partners’ price target would suggest a potential upside of 9.45% from the company’s previous close.

Several other research firms have also issued reports on LOW. Loop Capital decreased their price target on shares of Lowe’s Companies from $240.00 to $190.00 in a research report on Tuesday, April 12th. UBS Group reduced their price objective on shares of Lowe’s Companies from $250.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, May 19th. StockNews.com downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Sunday, May 29th. JPMorgan Chase & Co. raised their price objective on shares of Lowe’s Companies from $228.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, May 19th. Finally, OTR Global downgraded shares of Lowe’s Companies to a “positive” rating in a report on Tuesday, May 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $240.16.

NYSE LOW opened at $173.60 on Thursday. The firm has a market capitalization of $110.95 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 1.02 and a beta of 1.25. The company’s fifty day moving average is $192.47 and its two-hundred day moving average is $218.73. Lowe’s Companies has a 52-week low of $170.12 and a 52-week high of $263.31.

Lowe’s Companies (NYSE:LOWGet Rating) last posted its quarterly earnings results on Wednesday, May 18th. The home improvement retailer reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.29. The company had revenue of $23.66 billion for the quarter, compared to analyst estimates of $23.72 billion. Lowe’s Companies had a net margin of 8.85% and a negative return on equity of 251.50%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the business posted $3.21 EPS. Sell-side analysts forecast that Lowe’s Companies will post 13.49 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in LOW. Dark Forest Capital Management LP bought a new position in shares of Lowe’s Companies in the third quarter worth about $151,000. Willis Investment Counsel raised its stake in shares of Lowe’s Companies by 17.2% in the third quarter. Willis Investment Counsel now owns 89,800 shares of the home improvement retailer’s stock worth $18,217,000 after acquiring an additional 13,183 shares during the last quarter. Consolidated Planning Corp bought a new position in shares of Lowe’s Companies in the third quarter worth about $44,000. Wealthsource Partners LLC raised its stake in shares of Lowe’s Companies by 33.3% in the third quarter. Wealthsource Partners LLC now owns 4,590 shares of the home improvement retailer’s stock worth $931,000 after acquiring an additional 1,147 shares during the last quarter. Finally, CFS Investment Advisory Services LLC bought a new position in shares of Lowe’s Companies in the third quarter worth about $2,755,000. 75.46% of the stock is owned by institutional investors.

Lowe’s Companies Company Profile (Get Rating)

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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