Lowe's Companies (NYSE:LOW) Given a $264.00 Price Target by Truist Financial Analysts

Lowe's Companies (NYSE:LOW - Get Free Report) has been assigned a $264.00 target price by equities researchers at Truist Financial in a report issued on Thursday, MarketBeat reports. The brokerage currently has a "buy" rating on the home improvement retailer's stock. Truist Financial's target price suggests a potential upside of 17.99% from the company's previous close.

A number of other analysts also recently commented on LOW. Bank of America dropped their price objective on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price objective on Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Citigroup restated a "neutral" rating and set a $253.00 price objective (down from $269.00) on shares of Lowe's Companies in a report on Wednesday, May 14th. Royal Bank of Canada dropped their price objective on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Finally, Morgan Stanley dropped their price objective on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $271.52.

Lowe's Companies Stock Performance

LOW stock opened at $223.74 on Thursday. Lowe's Companies has a 1 year low of $206.39 and a 1 year high of $287.01. The stock's 50 day moving average price is $224.65 and its 200 day moving average price is $245.01. The firm has a market cap of $125.23 billion, a P/E ratio of 18.66, a PEG ratio of 1.96 and a beta of 1.00.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.88 by $0.04. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. During the same quarter in the prior year, the company earned $3.06 EPS. Lowe's Companies's revenue was down 2.0% on a year-over-year basis. On average, research analysts predict that Lowe's Companies will post 11.9 earnings per share for the current year.

Institutional Trading of Lowe's Companies

Large investors have recently modified their holdings of the business. Wood Tarver Financial Group LLC acquired a new stake in shares of Lowe's Companies during the fourth quarter valued at about $25,000. Marshall Investment Management LLC acquired a new stake in shares of Lowe's Companies during the fourth quarter valued at about $31,000. Fairway Wealth LLC acquired a new stake in shares of Lowe's Companies during the first quarter valued at about $32,000. Caisse Des Depots ET Consignations bought a new position in shares of Lowe's Companies during the fourth quarter worth about $33,000. Finally, Orion Capital Management LLC bought a new position in shares of Lowe's Companies during the fourth quarter worth about $36,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

About Lowe's Companies

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.