Lowe’s Companies (NYSE:LOW) PT Set at $88.00 by Credit Suisse Group

Lowe’s Companies (NYSE:LOW) received a $88.00 price objective from research analysts at Credit Suisse Group in a research note issued to investors on Friday, November 24th. The firm presently has a “hold” rating on the home improvement retailer’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 1.96% from the company’s previous close.

LOW has been the subject of a number of other reports. Piper Jaffray Companies reiterated a “hold” rating and set a $82.00 price target on shares of Lowe’s Companies in a report on Friday, November 24th. UBS upped their target price on Lowe’s Companies from $89.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. BidaskClub upgraded Lowe’s Companies from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Robert W. Baird set a $87.00 target price on Lowe’s Companies and gave the company a “buy” rating in a report on Thursday, August 24th. Finally, Zacks Investment Research upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have given a buy rating to the company’s stock. Lowe’s Companies presently has a consensus rating of “Hold” and a consensus price target of $87.40.

Lowe’s Companies (NYSE LOW) opened at $86.31 on Friday. The firm has a market cap of $73,161.24, a PE ratio of 19.52, a price-to-earnings-growth ratio of 1.41 and a beta of 1.15. Lowe’s Companies has a twelve month low of $70.49 and a twelve month high of $88.55. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $16.77 billion during the quarter, compared to the consensus estimate of $16.59 billion. Lowe’s Companies had a net margin of 5.16% and a return on equity of 66.27%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 earnings per share. equities research analysts anticipate that Lowe’s Companies will post 4.51 earnings per share for the current fiscal year.

In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the transaction, the insider now owns 8,400 shares in the company, valued at $655,368. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Matthew V. Hollifield sold 7,853 shares of the 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 transaction, the senior vice president now owns 30,750 shares in the company, valued at approximately $2,407,725. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,303 shares of company stock worth $1,047,406. Corporate insiders own 0.11% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Lowe’s Companies by 1.4% during the second quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock valued at $5,021,542,000 after purchasing an additional 897,911 shares during the period. BlackRock Inc. grew its stake in Lowe’s Companies by 1,757.3% during the 1st quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after acquiring an additional 58,073,138 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Lowe’s Companies by 40.3% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,144,020 shares of the home improvement retailer’s stock valued at $1,210,613,000 after purchasing an additional 4,351,830 shares during the last quarter. FMR LLC boosted its holdings in Lowe’s Companies by 62.6% in the 2nd quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after purchasing an additional 3,732,153 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Lowe’s Companies by 0.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock valued at $719,560,000 after purchasing an additional 64,780 shares during the last quarter. 73.29% of the stock is owned by institutional investors.

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Lowe’s Companies Company Profile

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)

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