Lowe’s Companies (NYSE:LOW) PT Raised to $241.00 at The Goldman Sachs Group

Lowe’s Companies (NYSE:LOWGet Rating) had its price objective boosted by investment analysts at The Goldman Sachs Group from $226.00 to $241.00 in a note issued to investors on Wednesday, The Fly reports. The firm currently has a “buy” rating on the home improvement retailer’s stock. The Goldman Sachs Group’s target price points to a potential upside of 15.64% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Citigroup decreased their price target on shares of Lowe’s Companies from $217.00 to $215.00 in a research report on Monday, October 31st. Truist Financial raised their price objective on shares of Lowe’s Companies from $237.00 to $263.00 and gave the company a “buy” rating in a research note on Thursday, August 18th. Exane BNP Paribas lowered shares of Lowe’s Companies from a “neutral” rating to an “underperform” rating and set a $159.00 price objective on the stock. in a research note on Wednesday, October 19th. UBS Group raised their price target on shares of Lowe’s Companies from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, August 18th. Finally, Jefferies Financial Group raised their price target on shares of Lowe’s Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research report on Monday, October 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $233.38.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $208.40 on Wednesday. Lowe’s Companies has a fifty-two week low of $170.12 and a fifty-two week high of $263.31. The firm has a market capitalization of $129.35 billion, a PE ratio of 16.42, a P/E/G ratio of 1.18 and a beta of 1.15. The company’s 50-day moving average is $193.60 and its 200-day moving average is $192.46.

Lowe’s Companies (NYSE:LOWGet Rating) last posted its quarterly earnings data on Wednesday, November 16th. The home improvement retailer reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.18. Lowe’s Companies had a net margin of 8.83% and a negative return on equity of 155.26%. The firm had revenue of $23.48 billion during the quarter, compared to the consensus estimate of $23.16 billion. During the same quarter in the previous year, the firm posted $2.73 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, analysts expect that Lowe’s Companies will post 13.54 EPS for the current year.

Institutional Trading of Lowe’s Companies

Several large investors have recently made changes to their positions in the company. Investors Research Corp acquired a new position in shares of Lowe’s Companies in the 2nd quarter valued at $26,000. Standard Family Office LLC purchased a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $26,000. Goodman Advisory Group LLC purchased a new position in shares of Lowe’s Companies in the 2nd quarter valued at about $27,000. Northwest Investment Counselors LLC increased its holdings in shares of Lowe’s Companies by 56.0% in the 3rd quarter. Northwest Investment Counselors LLC now owns 142 shares of the home improvement retailer’s stock valued at $27,000 after acquiring an additional 51 shares during the last quarter. Finally, Blume Capital Management Inc. grew its stake in Lowe’s Companies by 70.6% during the 3rd quarter. Blume Capital Management Inc. now owns 145 shares of the home improvement retailer’s stock worth $27,000 after buying an additional 60 shares during the last quarter. 74.04% of the stock is currently owned by hedge funds and other institutional investors.

About Lowe’s Companies

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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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