Lowe’s Companies (NYSE:LOW) Price Target Cut to $285.00 by Analysts at Royal Bank of Canada

Lowe’s Companies (NYSE:LOW) had its price target trimmed by Royal Bank of Canada from $292.00 to $285.00 in a research report released on Thursday,Benzinga reports. The brokerage currently has a sector perform rating on the home improvement retailer’s stock.

Other research analysts have also issued reports about the company. Stifel Nicolaus increased their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Wells Fargo & Company raised their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday. Sanford C. Bernstein boosted their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $245.87 on Thursday. The stock’s 50 day simple moving average is $252.50 and its 200-day simple moving average is $258.77. The stock has a market cap of $138.83 billion, a P/E ratio of 20.51, a P/E/G ratio of 1.96 and a beta of 1.11. Lowe’s Companies has a 1-year low of $211.80 and a 1-year high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, research analysts expect that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Lowe’s Companies

Several large investors have recently bought and sold shares of LOW. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies during the third quarter worth approximately $27,000. Winch Advisory Services LLC boosted its holdings in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares in the last quarter. Marshall Investment Management LLC purchased a new position in Lowe’s Companies in the fourth quarter valued at approximately $31,000. Finally, JNBA Financial Advisors raised its holdings in Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

About Lowe’s Companies

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.