Lowe’s Companies (NYSE:LOW) Stock Rating Upgraded by KeyCorp

Lowe’s Companies (NYSE:LOW) was upgraded by investment analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a report issued on Friday, Marketbeat Ratings reports. The brokerage presently has a $266.00 target price on the home improvement retailer’s stock. KeyCorp’s target price would indicate a potential upside of 20.39% from the company’s previous close. KeyCorp also issued estimates for Lowe’s Companies’ Q1 2026 earnings at $2.90 EPS, Q2 2026 earnings at $4.25 EPS, Q3 2026 earnings at $3.04 EPS, Q4 2026 earnings at $2.06 EPS, FY2026 earnings at $12.25 EPS and FY2027 earnings at $13.40 EPS.

Several other research analysts also recently commented on LOW. Piper Sandler reduced their price objective on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. DA Davidson reaffirmed a “neutral” rating and set a $270.00 target price on shares of Lowe’s Companies in a research report on Wednesday, April 16th. Truist Financial decreased their price target on shares of Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Bank of America lowered their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $278.21.

Lowe’s Companies Stock Down 0.5 %

Shares of NYSE:LOW opened at $220.95 on Friday. Lowe’s Companies has a 52 week low of $206.39 and a 52 week high of $287.01. The firm has a fifty day simple moving average of $229.29 and a two-hundred day simple moving average of $250.79. The stock has a market capitalization of $123.67 billion, a P/E ratio of 18.43, a PEG ratio of 1.96 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. On average, analysts expect that Lowe’s Companies will post 11.9 earnings per share for the current year.

Hedge Funds Weigh In On Lowe’s Companies

A number of hedge funds have recently made changes to their positions in the company. Invst LLC acquired a new stake in shares of Lowe’s Companies in the third quarter valued at approximately $255,000. Virtu Financial LLC boosted its holdings in Lowe’s Companies by 66.1% in the 3rd quarter. Virtu Financial LLC now owns 5,474 shares of the home improvement retailer’s stock valued at $1,483,000 after purchasing an additional 2,178 shares during the last quarter. Tudor Financial Inc. purchased a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $1,877,000. Anchor Investment Management LLC increased its stake in Lowe’s Companies by 2.6% during the third quarter. Anchor Investment Management LLC now owns 45,537 shares of the home improvement retailer’s stock worth $12,334,000 after acquiring an additional 1,161 shares during the last quarter. Finally, World Investment Advisors LLC lifted its stake in shares of Lowe’s Companies by 7.6% in the 3rd quarter. World Investment Advisors LLC now owns 23,714 shares of the home improvement retailer’s stock valued at $6,423,000 after purchasing an additional 1,670 shares during the last quarter. Institutional investors and hedge funds 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.