StockNews.com Upgrades Lowe’s Companies (NYSE:LOW) to Buy

Lowe’s Companies (NYSE:LOWGet Rating) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

A number of other equities analysts have also commented on LOW. Morgan Stanley lowered their price objective on Lowe’s Companies from $280.00 to $270.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 20th. Wedbush lowered their price objective on Lowe’s Companies from $240.00 to $200.00 and set a “neutral” rating on the stock in a research note on Thursday, May 19th. OTR Global lowered Lowe’s Companies to a “positive” rating in a research note on Tuesday, May 10th. Evercore ISI decreased their price target on Lowe’s Companies to $245.00 in a research note on Thursday, June 9th. Finally, MKM Partners started coverage on Lowe’s Companies in a research note on Thursday, June 23rd. They issued a “neutral” rating and a $190.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $239.63.

Lowe’s Companies Trading Up 0.4 %

NYSE:LOW opened at $191.53 on Thursday. The stock has a market cap of $122.41 billion, a P/E ratio of 15.61, a PEG ratio of 1.23 and a beta of 1.26. The stock has a 50 day simple moving average of $185.33 and a 200 day simple moving average of $205.64. Lowe’s Companies has a 1-year low of $170.12 and a 1-year high of $263.31.

Lowe’s Companies (NYSE:LOWGet Rating) last posted its quarterly earnings data on Wednesday, May 18th. The home improvement retailer reported $3.51 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $0.27. Lowe’s Companies had a negative return on equity of 251.50% and a net margin of 8.85%. The firm had revenue of $23.66 billion for the quarter, compared to analyst estimates of $23.72 billion. During the same quarter last year, the company earned $3.21 EPS. The company’s revenue was down 3.1% on a year-over-year basis. As a group, sell-side analysts forecast that Lowe’s Companies will post 13.44 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Trust Investment Advisors lifted its holdings in shares of Lowe’s Companies by 0.9% during the fourth quarter. Trust Investment Advisors now owns 4,702 shares of the home improvement retailer’s stock valued at $1,215,000 after purchasing an additional 43 shares during the last quarter. Oldfather Financial Services LLC lifted its holdings in shares of Lowe’s Companies by 4.8% during the fourth quarter. Oldfather Financial Services LLC now owns 1,021 shares of the home improvement retailer’s stock valued at $232,000 after purchasing an additional 47 shares during the last quarter. Keel Point LLC lifted its holdings in shares of Lowe’s Companies by 2.0% during the fourth quarter. Keel Point LLC now owns 2,483 shares of the home improvement retailer’s stock valued at $642,000 after purchasing an additional 49 shares during the last quarter. CCM Investment Advisers LLC lifted its holdings in shares of Lowe’s Companies by 2.0% during the fourth quarter. CCM Investment Advisers LLC now owns 2,490 shares of the home improvement retailer’s stock valued at $643,000 after purchasing an additional 50 shares during the last quarter. Finally, PSI Advisors LLC lifted its holdings in shares of Lowe’s Companies by 1.2% during the first quarter. PSI Advisors LLC now owns 4,056 shares of the home improvement retailer’s stock valued at $820,000 after purchasing an additional 50 shares during the last quarter. 75.46% of the stock is owned by institutional investors and hedge funds.

About Lowe’s Companies

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Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

Further Reading

Analyst Recommendations for Lowe's Companies (NYSE:LOW)

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