Lowe’s Companies (NYSE:LOW) Price Target Cut to $250.00 by Analysts at Evercore ISI

Lowe’s Companies (NYSE:LOWGet Free Report) had its target price reduced by analysts at Evercore ISI from $255.00 to $250.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “in-line” rating on the home improvement retailer’s stock. Evercore ISI’s price target indicates a potential upside of 15.01% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Truist Financial upped their target price on shares of Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Telsey Advisory Group reissued a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a report on Tuesday. Mizuho initiated coverage on shares of Lowe’s Companies in a report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price objective for the company. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Finally, Zelman & Associates reissued a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Fourteen investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $251.33.

Read Our Latest Stock Analysis on LOW

Lowe’s Companies Stock Down 1.7 %

Lowe’s Companies stock opened at $217.38 on Wednesday. Lowe’s Companies has a 52-week low of $181.85 and a 52-week high of $262.49. The firm has a market capitalization of $124.38 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.74 and a beta of 1.15. The company has a fifty day simple moving average of $237.03 and a 200-day simple moving average of $224.66.

Lowe’s Companies (NYSE:LOWGet Free Report) last released its earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The business had revenue of $21.36 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the prior year, the firm earned $3.67 earnings per share. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. On average, research analysts anticipate that Lowe’s Companies will post 12.21 EPS for the current fiscal year.

Institutional Trading of Lowe’s Companies

Hedge funds have recently made changes to their positions in the business. Paragon Private Wealth Management LLC increased its stake in shares of Lowe’s Companies by 13.5% during the fourth quarter. Paragon Private Wealth Management LLC now owns 4,880 shares of the home improvement retailer’s stock worth $1,086,000 after buying an additional 581 shares during the period. ING Groep NV increased its stake in shares of Lowe’s Companies by 18,786.5% during the fourth quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock worth $23,748,000 after buying an additional 106,144 shares during the period. Clifford Swan Investment Counsel LLC increased its stake in shares of Lowe’s Companies by 0.3% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock worth $47,947,000 after buying an additional 541 shares during the period. Cary Street Partners Investment Advisory LLC increased its stake in shares of Lowe’s Companies by 1.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 45,072 shares of the home improvement retailer’s stock worth $10,031,000 after buying an additional 540 shares during the period. Finally, Harbour Trust & Investment Management Co purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $5,890,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Company Profile

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

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