Lowe’s Companies (NYSE:LOW) Given New $230.00 Price Target at JPMorgan Chase & Co.

Lowe’s Companies (NYSE:LOWGet Rating) had its target price raised by equities researchers at JPMorgan Chase & Co. from $228.00 to $230.00 in a research note issued to investors on Thursday, Briefing.com reports. The firm presently has a “neutral” rating on the home improvement retailer’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 22.07% from the stock’s current price.

A number of other analysts have also weighed in on LOW. UBS Group dropped their target price 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. Citigroup dropped their target price on shares of Lowe’s Companies from $292.00 to $222.00 in a report on Friday, May 13th. Jefferies Financial Group dropped their target price on shares of Lowe’s Companies from $290.00 to $238.00 and set a “buy” rating for the company in a report on Thursday. Loop Capital dropped their target price on shares of Lowe’s Companies from $240.00 to $190.00 in a report on Tuesday, April 12th. Finally, Gordon Haskett lowered shares of Lowe’s Companies from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Lowe’s Companies presently has a consensus rating of “Buy” and a consensus price target of $246.14.

NYSE LOW traded up $4.59 during trading on Thursday, hitting $188.41. 74,347 shares of the company’s stock traded hands, compared to its average volume of 3,841,814. The stock has a fifty day moving average of $207.17 and a two-hundred day moving average of $228.36. Lowe’s Companies has a 12-month low of $179.76 and a 12-month high of $263.31. The firm has a market cap of $124.56 billion, a P/E ratio of 15.79, a PEG ratio of 1.16 and a beta of 1.25.

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, beating the consensus estimate of $3.22 by $0.29. Lowe’s Companies had a net margin of 8.77% and a negative return on equity of 551.52%. The business had revenue of $23.66 billion during the quarter, compared to analyst estimates of $23.72 billion. During the same period in the prior year, the business posted $3.21 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that Lowe’s Companies will post 13.36 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pacifica Partners Inc. bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $25,000. Joseph P. Lucia & Associates LLC bought a new stake in shares of Lowe’s Companies during the first quarter valued at approximately $27,000. Bell Investment Advisors Inc bought a new stake in shares of Lowe’s Companies during the third quarter valued at approximately $32,000. Macroview Investment Management LLC increased its position in shares of Lowe’s Companies by 49.1% during the first quarter. Macroview Investment Management LLC now owns 158 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 52 shares in the last quarter. Finally, Delos Wealth Advisors LLC increased its position in shares of Lowe’s Companies by 388.2% during the fourth quarter. Delos Wealth Advisors LLC now owns 166 shares of the home improvement retailer’s stock valued at $43,000 after acquiring an additional 132 shares in the last quarter. 75.46% of the stock is owned by institutional investors.

Lowe’s Companies Company Profile (Get Rating)

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

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