Lowe's Companies (NYSE:LOW) Stock Rating Upgraded by StockNews.com

Lowe's Companies (NYSE:LOW - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Wednesday.

LOW has been the subject of several other reports. Truist Financial cut their price target on Lowe's Companies from $271.00 to $265.00 and set a "buy" rating for the company in a report on Wednesday. Zelman & Associates reiterated a "neutral" rating and issued a $265.00 price target on shares of Lowe's Companies in a report on Tuesday, April 2nd. The Goldman Sachs Group upped their price objective on Lowe's Companies from $238.00 to $262.00 and gave the stock a "buy" rating in a report on Tuesday, February 13th. UBS Group upped their price objective on Lowe's Companies from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, February 28th. Finally, Evercore ISI dropped their price objective on Lowe's Companies from $255.00 to $250.00 and set an "in-line" rating for the company in a report on Wednesday. Fourteen investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $251.33.

Lowe's Companies Stock Down 1.7 %

Shares of Lowe's Companies stock traded down $3.75 during trading on Wednesday, hitting $221.11. 2,769,473 shares of the company were exchanged, compared to its average volume of 2,445,528. Lowe's Companies has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The stock has a market capitalization of $126.52 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 1.69 and a beta of 1.15. The firm has a 50 day moving average price of $237.57 and a 200 day moving average price of $224.71.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.12. The company had revenue of $21.36 billion during the quarter, compared to the consensus estimate of $21.14 billion. Lowe's Companies had a negative return on equity of 51.42% and a net margin of 8.94%. Lowe's Companies's revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.67 EPS. Analysts predict that Lowe's Companies will post 12.21 earnings per share for the current year.

Hedge Funds Weigh In On Lowe's Companies

Several large investors have recently modified their holdings of LOW. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Lowe's Companies by 8.9% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,715 shares of the home improvement retailer's stock worth $564,000 after acquiring an additional 222 shares during the period. SageView Advisory Group LLC raised its stake in Lowe's Companies by 2.4% during the third quarter. SageView Advisory Group LLC now owns 3,212 shares of the home improvement retailer's stock worth $668,000 after acquiring an additional 74 shares during the period. HHM Wealth Advisors LLC raised its stake in Lowe's Companies by 511.5% during the third quarter. HHM Wealth Advisors LLC now owns 318 shares of the home improvement retailer's stock worth $66,000 after acquiring an additional 266 shares during the period. Winthrop Advisory Group LLC acquired a new stake in Lowe's Companies during the third quarter worth about $238,000. Finally, NBC Securities Inc. acquired a new stake in Lowe's Companies during the third quarter worth about $3,719,000. 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.

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