Lowe's Companies (NYSE:LOW) Receives News Impact Rating of 0.17

Headlines about Lowe's Companies (NYSE:LOW) have trended somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lowe's Companies earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the home improvement retailer an impact score of 46.5054718775063 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news headlines that may have effected Accern’s scoring:

Lowe's Companies (LOW) opened at $97.17 on Friday. The firm has a market cap of $80,627.88, a PE ratio of 23.30, a P/E/G ratio of 0.91 and a beta of 1.19. Lowe's Companies has a 12 month low of $70.76 and a 12 month high of $108.98. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71.

Lowe's Companies (NYSE:LOW) last released its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, topping the Zacks’ 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 last year, the company posted $0.88 EPS. The business’s revenue was up 6.6% on a year-over-year basis. equities analysts anticipate that Lowe's Companies will post 4.53 earnings per share for the current fiscal year.

Lowe's Companies declared that its board has authorized a share buyback program on Friday, January 26th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Several research analysts recently issued reports on LOW shares. Stifel Nicolaus reissued a “buy” rating and issued a $124.00 price objective (up previously from $103.00) on shares of Lowe's Companies in a research note on Wednesday, January 24th. Telsey Advisory Group upgraded Lowe's Companies from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $83.00 to $124.00 in a report on Thursday, January 25th. Sanford C. Bernstein upgraded Lowe's Companies from an “underperform” rating to an “outperform” rating in a report on Monday, January 22nd. Morgan Stanley set a $115.00 target price on Lowe's Companies and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Zacks Investment Research upgraded Lowe's Companies from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $96.35.

In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the transaction, the insider now directly owns 4,650 shares of the company’s stock, valued at approximately $372,930. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Lowe's Companies (NYSE:LOW)

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