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Lowe's Companies (NYSE:LOW) Receives New Coverage from Analysts at MKM Partners

Thursday, June 23, 2022 | MarketBeat

Equities researchers at MKM Partners started coverage on shares of Lowe's Companies (NYSE:LOW - Get Rating) in a report released on Thursday, The Fly reports. The brokerage set a "neutral" rating and a $190.00 price target on the home improvement retailer's stock. MKM Partners' target price indicates a potential upside of 9.45% from the stock's previous close.

A number of other analysts have also recently weighed in on the stock. Guggenheim reduced their target price on shares of Lowe's Companies to $240.00 in a report on Friday, May 20th. UBS Group reduced 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, May 19th. DA Davidson reduced their target price on shares of Lowe's Companies from $292.00 to $240.00 and set a "buy" rating for the company in a report on Thursday, May 19th. Citigroup reduced their target price on shares of Lowe's Companies from $292.00 to $222.00 in a report on Friday, May 13th. Finally, Wells Fargo & Company reduced their target price on shares of Lowe's Companies from $260.00 to $240.00 and set an "overweight" rating for the company in a report on Wednesday, June 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $240.16.


Lowe's Companies stock opened at $173.60 on Thursday. The firm has a 50 day simple moving average of $192.47 and a 200-day simple moving average of $218.73. The stock has a market capitalization of $110.95 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. Lowe's Companies has a 12-month low of $170.12 and a 12-month high of $263.31.

Lowe's Companies (NYSE:LOW - Get Rating) last posted its quarterly earnings data 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. The business had revenue of $23.66 billion during the quarter, compared to analysts' expectations of $23.72 billion. Lowe's Companies had a net margin of 8.85% and a negative return on equity of 251.50%. The business's revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm posted $3.21 earnings per share. As a group, equities research analysts forecast that Lowe's Companies will post 13.49 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in LOW. Pacifica Partners Inc. acquired a new position in shares of Lowe's Companies during the 4th quarter worth $25,000. Joseph P. Lucia & Associates LLC acquired a new position in shares of Lowe's Companies during the 1st quarter worth $27,000. Macroview Investment Management LLC increased its stake in shares of Lowe's Companies by 49.1% during the 1st quarter. Macroview Investment Management LLC now owns 158 shares of the home improvement retailer's stock worth $32,000 after purchasing an additional 52 shares during the last quarter. Delos Wealth Advisors LLC increased its stake in shares of Lowe's Companies by 388.2% during the 4th quarter. Delos Wealth Advisors LLC now owns 166 shares of the home improvement retailer's stock worth $43,000 after purchasing an additional 132 shares during the last quarter. Finally, O Dell Group LLC acquired a new position in shares of Lowe's Companies during the 1st quarter worth $34,000. Institutional investors own 75.46% of the company's stock.

About Lowe's Companies (Get Rating)

Lowe's Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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