Lowe’s Companies (NYSE:LOW) Earns Sector Perform Rating from Royal Bank of Canada

Lowe’s Companies (NYSE:LOWGet Free Report)‘s stock had its “sector perform” rating reiterated by analysts at Royal Bank of Canada in a research note issued on Wednesday, Benzinga reports. They presently have a $246.00 price target on the home improvement retailer’s stock. Royal Bank of Canada’s price objective points to a potential upside of 10.20% from the company’s current price.

Other research analysts have also recently issued reports about the company. Gordon Haskett reaffirmed a “hold” rating and set a $245.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a research report on Tuesday. DA Davidson reduced their price objective on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday. UBS Group upped their price objective on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Wells Fargo & Company increased their price target on Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Fifteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $251.33.

View Our Latest Stock Analysis on LOW

Lowe’s Companies Stock Down 0.7 %

NYSE LOW traded down $1.62 on Wednesday, reaching $223.24. The company had a trading volume of 722,080 shares, compared to its average volume of 2,423,798. The stock’s 50 day moving average is $238.10 and its 200-day moving average is $224.74. The stock has a market cap of $127.74 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.69 and a beta of 1.15. Lowe’s Companies has a 52 week low of $181.85 and a 52 week high of $262.49.

Lowe’s Companies (NYSE:LOWGet Free Report) last released its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.12. The business had revenue of $21.36 billion during the quarter, compared to the consensus estimate of $21.14 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.67 earnings per share. As a group, analysts forecast that Lowe’s Companies will post 12.21 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Private Management Group Inc. raised its position in Lowe’s Companies by 4.0% during the 4th quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock worth $268,000 after purchasing an additional 46 shares during the last quarter. McAdam LLC raised its position in shares of Lowe’s Companies by 3.5% in the 1st quarter. McAdam LLC now owns 1,363 shares of the home improvement retailer’s stock worth $347,000 after acquiring an additional 46 shares in the last quarter. First Bank & Trust raised its position in shares of Lowe’s Companies by 3.1% in the 1st quarter. First Bank & Trust now owns 1,509 shares of the home improvement retailer’s stock worth $384,000 after acquiring an additional 46 shares in the last quarter. First Command Advisory Services Inc. raised its position in shares of Lowe’s Companies by 1.9% in the 4th quarter. First Command Advisory Services Inc. now owns 2,590 shares of the home improvement retailer’s stock worth $576,000 after acquiring an additional 48 shares in the last quarter. Finally, Prospect Financial Services LLC increased its position in Lowe’s Companies by 3.0% in the 1st quarter. Prospect Financial Services LLC now owns 1,623 shares of the home improvement retailer’s stock valued at $413,000 after buying an additional 48 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

About Lowe’s Companies

(Get Free Report)

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.

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