Lowe’s Companies (NYSE:LOW) Price Target Increased to $239.00 by Analysts at Citigroup


Share on StockTwits

Lowe’s Companies (NYSE:LOW) had its price objective upped by equities research analysts at Citigroup from $195.00 to $239.00 in a research note issued to investors on Tuesday, The Fly reports. Citigroup’s price objective would suggest a potential upside of 21.00% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company increased their price target on Lowe’s Companies from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, March 29th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised their price objective on shares of Lowe’s Companies from $177.00 to $204.00 and gave the stock a “neutral” rating in a research note on Monday, April 26th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on Lowe’s Companies from $195.00 to $239.00 and gave the company a “buy” rating in a research report on Tuesday. Royal Bank of Canada boosted their price target on Lowe’s Companies from $203.00 to $206.00 in a research report on Thursday, February 25th. Finally, Zelman & Associates restated a “hold” rating on shares of Lowe’s Companies in a report on Wednesday, April 21st. Six analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $184.80.

NYSE:LOW traded down $1.68 during mid-day trading on Tuesday, reaching $197.52. 80,601 shares of the company’s stock traded hands, compared to its average volume of 4,030,384. The company has a 50 day moving average price of $192.90 and a 200-day moving average price of $171.72. The firm has a market capitalization of $141.66 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 1.18 and a beta of 1.37. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.38 and a quick ratio of 0.57. Lowe’s Companies has a 12-month low of $102.83 and a 12-month high of $208.98.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, February 23rd. The home improvement retailer reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.12. Lowe’s Companies had a return on equity of 211.33% and a net margin of 6.29%. The firm had revenue of $20.31 billion for the quarter, compared to analysts’ expectations of $19.54 billion. During the same period in the previous year, the firm earned $0.94 earnings per share. As a group, analysts forecast that Lowe’s Companies will post 8.7 EPS for the current year.

In related news, Director David H. Batchelder purchased 6,250 shares of the business’s stock in a transaction on Friday, February 26th. The shares were bought at an average price of $159.48 per share, with a total value of $996,750.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.07% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. AlphaStar Capital Management LLC raised its stake in Lowe’s Companies by 1.0% during the first quarter. AlphaStar Capital Management LLC now owns 5,138 shares of the home improvement retailer’s stock worth $977,000 after purchasing an additional 52 shares during the period. Aries Wealth Management raised its stake in Lowe’s Companies by 1.2% during the first quarter. Aries Wealth Management now owns 4,806 shares of the home improvement retailer’s stock worth $969,000 after purchasing an additional 55 shares during the period. Legacy Wealth Asset Management LLC raised its stake in Lowe’s Companies by 1.0% during the first quarter. Legacy Wealth Asset Management LLC now owns 5,628 shares of the home improvement retailer’s stock worth $1,070,000 after purchasing an additional 57 shares during the period. Aviance Capital Partners LLC raised its stake in Lowe’s Companies by 0.9% during the fourth quarter. Aviance Capital Partners LLC now owns 6,388 shares of the home improvement retailer’s stock worth $1,025,000 after purchasing an additional 60 shares during the period. Finally, Marietta Investment Partners LLC raised its stake in Lowe’s Companies by 4.0% during the fourth quarter. Marietta Investment Partners LLC now owns 1,571 shares of the home improvement retailer’s stock worth $252,000 after purchasing an additional 60 shares during the period. 76.11% of the stock is currently owned by institutional investors.

Lowe’s Companies Company Profile

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 in various categories, such as appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

Featured Article: What is meant by a buy rating?

The Fly

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

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.