Truist Financial Boosts Lowe’s Companies (NYSE:LOW) Price Target to $308.00

Lowe’s Companies (NYSE:LOW) had its target price increased by equities research analysts at Truist Financial from $307.00 to $308.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the home improvement retailer’s stock. Truist Financial’s price objective points to a potential upside of 19.85% from the company’s previous close.

Several other research firms also recently commented on LOW. Telsey Advisory Group restated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Stifel Nicolaus raised their target price 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. Barclays raised their price target on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. TD Cowen raised their price target on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Guggenheim reaffirmed a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $280.88.

Lowe’s Companies Stock Up 0.2 %

Shares of LOW stock traded up $0.54 during mid-day trading on Tuesday, reaching $256.98. The stock had a trading volume of 474,989 shares, compared to its average volume of 2,122,923. The firm’s 50 day simple moving average is $256.93 and its 200 day simple moving average is $258.26. Lowe’s Companies has a one year low of $211.80 and a one year high of $287.01. The firm has a market cap of $145.11 billion, a PE ratio of 21.44, a P/E/G ratio of 2.04 and a beta of 1.11.

Insider Buying and Selling

In other news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lowe’s Companies

Hedge funds have recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies during the 3rd quarter valued at $27,000. IFS Advisors LLC bought a new stake in Lowe’s Companies during the 4th quarter valued at $25,000. Marshall Investment Management LLC bought a new stake in Lowe’s Companies during the 4th quarter valued at $31,000. JNBA Financial Advisors raised its holdings in Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 100 shares during the period. Finally, Winch Advisory Services LLC raised its holdings in Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Company Profile

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.