Lowe’s Companies, Inc. (LOW) Coverage Initiated at KeyCorp

Stock analysts at KeyCorp began coverage on shares of Lowe’s Companies, Inc. (NYSE:LOW) in a research report issued on Monday, November 6th, Marketbeat reports. The firm set an “overweight” rating and a $98.00 price target on the home improvement retailer’s stock. KeyCorp’s target price indicates a potential upside of 23.67% from the stock’s current price. KeyCorp also issued estimates for Lowe’s Companies’ Q3 2018 earnings at $1.03 EPS, Q4 2018 earnings at $0.88 EPS, FY2018 earnings at $4.51 EPS and FY2019 earnings at $5.15 EPS.

A number of other brokerages have also weighed in on LOW. BMO Capital Markets reaffirmed a “hold” rating and issued a $82.00 price target on shares of Lowe’s Companies in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, November 1st. Robert W. Baird set a $87.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Tuesday, October 31st. Royal Bank Of Canada set a $81.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $90.00 price target (up from $85.00) on shares of Lowe’s Companies in a research note on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $87.24.

Lowe’s Companies (NYSE LOW) traded down $0.32 during mid-day trading on Monday, hitting $79.24. 2,840,000 shares of the stock traded hands, compared to its average volume of 5,940,000. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.19 and a current ratio of 1.02. Lowe’s Companies has a twelve month low of $69.92 and a twelve month high of $86.25. The stock has a market cap of $65,730.00, a price-to-earnings ratio of 17.64, a P/E/G ratio of 1.28 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.03. Lowe’s Companies had a net margin of 5.16% and a return on equity of 66.27%. The business had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same period in the prior year, the company posted $0.88 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. research analysts expect that Lowe’s Companies will post 4.5 EPS for the current year.

In related news, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total value of $614,889.90. Following the completion of the sale, the senior vice president now owns 30,750 shares in the company, valued at approximately $2,407,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the completion of the sale, the insider now owns 8,400 shares of the company’s stock, valued at approximately $655,368. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of LOW. SRS Capital Advisors Inc. boosted its position in Lowe’s Companies by 0.4% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after buying an additional 5 shares during the period. Harbour Capital Advisors LLC purchased a new position in Lowe’s Companies in the 1st quarter valued at approximately $103,000. Atlantic Trust LLC purchased a new position in Lowe’s Companies in the 2nd quarter valued at approximately $105,000. Hanson McClain Inc. boosted its position in Lowe’s Companies by 3.5% in the 1st quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after buying an additional 45 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in Lowe’s Companies by 8.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 110 shares during the period. Hedge funds and other institutional investors own 74.00% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Lowe’s Companies, Inc. (LOW) Coverage Initiated at KeyCorp” was reported by BBNS and is the sole property of of BBNS. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://baseballnewssource.com/markets/lowes-companies-inc-low-research-coverage-started-at-keycorp/1762537.html.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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

 


Latest News

Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot


Leave a Reply

 
© 2006-2017 BBNS.