Lowe’s Companies (NYSE:LOW) Price Target Cut to $240.00

Lowe’s Companies (NYSE:LOW) had its price target dropped by investment analysts at Citigroup from $243.00 to $240.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the home improvement retailer’s stock. Citigroup’s target price points to a potential upside of 3.42% from the company’s current price.

LOW has been the topic of a number of other reports. Stifel Nicolaus lowered their price objective on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Morgan Stanley upped their price objective on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. UBS Group raised their target price on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Wells Fargo & Company upped their price objective on shares of Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Fifteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $252.67.

Lowe’s Companies Stock Up 0.3 %

Shares of LOW stock opened at $232.07 on Tuesday. The business’s 50 day moving average is $240.00 and its two-hundred day moving average is $221.68. The company has a market cap of $132.79 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.72 and a beta of 1.15. Lowe’s Companies has a 12 month low of $181.85 and a 12 month high of $262.49.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same period in the previous year, the business earned $2.28 earnings per share. The company’s revenue for the quarter was down 17.1% compared to the same quarter last year. As a group, equities analysts expect that Lowe’s Companies will post 12.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Lowe’s Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. Wetzel Investment Advisors Inc. bought a new stake in shares of Lowe’s Companies during the 4th quarter worth about $25,000. Tidemark LLC acquired a new position in Lowe’s Companies in the fourth quarter worth $27,000. Voisard Asset Management Group Inc. acquired a new position in shares of Lowe’s Companies during the fourth quarter worth approximately $28,000. Orion Capital Management LLC bought a new stake in Lowe’s Companies during the 3rd quarter worth about $26,000. Finally, Keener Financial Planning LLC bought a new position in Lowe’s Companies in the first quarter valued at approximately $35,000. Hedge funds and other 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.