Truist Financial Reiterates $264.00 Price Target for Lowe's Companies (NYSE:LOW)

Lowe's Companies (NYSE:LOW - Get Free Report) received a $264.00 target price from stock analysts at Truist Financial in a research report issued on Thursday, Marketbeat.com reports. The firm currently has a "buy" rating on the home improvement retailer's stock. Truist Financial's target price suggests a potential upside of 17.42% from the company's previous close.

A number of other equities research analysts also recently commented on the company. Wells Fargo & Company dropped their price objective on Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Mizuho lowered their price target on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Stifel Nicolaus reduced their price objective on shares of Lowe's Companies from $270.00 to $250.00 and set a "hold" rating on the stock in a research note on Monday, May 19th. JPMorgan Chase & Co. decreased their price objective on shares of Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Finally, Bank of America cut their target price on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Lowe's Companies has an average rating of "Moderate Buy" and a consensus target price of $271.12.

Lowe's Companies Trading Up 1.7%

Shares of NYSE:LOW traded up $3.76 during trading on Thursday, hitting $224.83. 1,453,734 shares of the company's stock were exchanged, compared to its average volume of 2,625,008. The firm has a market cap of $125.84 billion, a P/E ratio of 18.75, a PEG ratio of 1.96 and a beta of 1.00. The firm has a 50-day moving average price of $224.52 and a two-hundred day moving average price of $244.06. Lowe's Companies has a 1-year low of $206.38 and a 1-year high of $287.01.

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

Institutional Investors Weigh In On Lowe's Companies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Klingenstein Fields & Co. LP grew its holdings in shares of Lowe's Companies by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock worth $1,012,000 after acquiring an additional 39 shares during the period. Powers Advisory Group LLC lifted its stake in shares of Lowe's Companies by 2.7% in the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock worth $380,000 after purchasing an additional 40 shares during the period. Saxony Capital Management LLC grew its position in Lowe's Companies by 4.2% during the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock valued at $245,000 after buying an additional 40 shares during the period. Gen Wealth Partners Inc grew its position in Lowe's Companies by 1.9% during the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock valued at $534,000 after buying an additional 40 shares during the period. Finally, Cordatus Wealth Management LLC increased its holdings in Lowe's Companies by 0.3% during the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock valued at $3,705,000 after buying an additional 41 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

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.