Lowe’s Companies (NYSE:LOW) PT Raised to $143.00

Lowe’s Companies (NYSE:LOW) had its price objective raised by equities research analysts at Jefferies Financial Group from $141.00 to $143.00 in a report released on Tuesday, January 7th, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the home improvement retailer’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 19.47% from the stock’s current price. Jefferies Financial Group also issued estimates for Lowe’s Companies’ Q1 2021 earnings at $1.49 EPS, Q2 2021 earnings at $2.52 EPS, Q3 2021 earnings at $1.67 EPS, Q4 2021 earnings at $1.12 EPS and FY2021 earnings at $6.81 EPS.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Lowe’s Companies in a research note on Wednesday, November 20th. ValuEngine lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Citigroup boosted their price objective on Lowe’s Companies from $122.00 to $137.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Robert W. Baird reissued a “buy” rating and issued a $135.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, November 20th. Finally, UBS Group boosted their price objective on Lowe’s Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Six equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Lowe’s Companies currently has a consensus rating of “Buy” and an average price target of $129.46.

Shares of NYSE LOW opened at $119.70 on Tuesday. The company has a market cap of $92.03 billion, a P/E ratio of 23.29, a P/E/G ratio of 1.50 and a beta of 1.28. The company has a quick ratio of 0.13, a current ratio of 1.04 and a debt-to-equity ratio of 8.37. Lowe’s Companies has a 12 month low of $90.23 and a 12 month high of $122.88. The business’s 50 day moving average is $118.98 and its two-hundred day moving average is $110.80.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, November 20th. The home improvement retailer reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.06. The business had revenue of $17.39 billion for the quarter, compared to analysts’ expectations of $17.69 billion. Lowe’s Companies had a return on equity of 146.62% and a net margin of 4.11%. Lowe’s Companies’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 earnings per share. Sell-side analysts expect that Lowe’s Companies will post 5.7 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the business. Atwater Malick LLC acquired a new stake in shares of Lowe’s Companies during the 3rd quarter valued at $26,000. Ossiam purchased a new position in shares of Lowe’s Companies in the 2nd quarter worth approximately $31,000. Massey Quick Simon & CO. LLC boosted its stake in shares of Lowe’s Companies by 268.6% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 435 shares of the home improvement retailer’s stock worth $48,000 after buying an additional 317 shares during the last quarter. Ellevest Inc. purchased a new position in shares of Lowe’s Companies in the 2nd quarter worth approximately $81,000. Finally, Stonebridge Capital Advisors LLC purchased a new position in Lowe’s Companies in the second quarter valued at approximately $85,000. 74.58% of the stock is currently owned by hedge funds and other 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, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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