Lowe’s Companies, Inc. (LOW) Stock Rating Reaffirmed by SunTrust Banks, Inc.

Lowe’s Companies, Inc. (NYSE:LOW)‘s stock had its “hold” rating reissued by equities research analysts at SunTrust Banks, Inc. in a note issued to investors on Friday. They presently have a $80.00 target price on the home improvement retailer’s stock. SunTrust Banks, Inc.’s target price would indicate a potential upside of 3.24% from the stock’s previous close.

LOW has been the subject of several other reports. Deutsche Bank AG restated a “buy” rating and set a $90.00 target price (up from $85.00) on shares of Lowe’s Companies in a report on Friday, October 6th. Longbow Research restated a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a report on Monday, August 14th. Zacks Investment Research downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub upgraded shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Credit Suisse Group restated an “outperform” rating and set a $94.00 target price on shares of Lowe’s Companies in a report on Monday, August 21st. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Lowe’s Companies has a consensus rating of “Hold” and an average price target of $85.62.

Lowe’s Companies (NYSE LOW) opened at $77.49 on Friday. The company has a quick ratio of 0.19, a current ratio of 1.03 and a debt-to-equity ratio of 2.85. The stock has a market cap of $65,352.96, a PE ratio of 17.99, a PEG ratio of 1.27 and a beta of 1.13. Lowe’s Companies has a twelve month low of $65.12 and a twelve month high of $86.25.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). The company had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 EPS. analysts forecast that Lowe’s Companies will post 4.5 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Lowe’s Companies, Inc. (LOW) Stock Rating Reaffirmed by SunTrust Banks, Inc.” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/11/12/lowes-companies-inc-low-stock-rating-reaffirmed-by-suntrust-banks-inc.html.

In other 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 transaction of $614,889.90. Following the sale, the senior vice president now owns 30,750 shares in the company, valued at $2,407,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 sale, the insider now owns 8,400 shares in the company, valued at approximately $655,368. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of LOW. Tiedemann Wealth Management LLC raised its stake in shares of Lowe’s Companies by 502.4% during the first quarter. Tiedemann Wealth Management LLC now owns 17,169 shares of the home improvement retailer’s stock valued at $1,671,000 after purchasing an additional 14,319 shares during the period. Bahl & Gaynor Inc. raised its stake in shares of Lowe’s Companies by 78.3% during the first quarter. Bahl & Gaynor Inc. now owns 149,855 shares of the home improvement retailer’s stock valued at $12,320,000 after purchasing an additional 65,818 shares during the period. Oxford Asset Management purchased a new stake in shares of Lowe’s Companies during the first quarter valued at approximately $9,606,000. Hosking Partners LLP raised its stake in shares of Lowe’s Companies by 10.0% during the first quarter. Hosking Partners LLP now owns 265,884 shares of the home improvement retailer’s stock valued at $21,858,000 after purchasing an additional 24,236 shares during the period. Finally, Bronfman E.L. Rothschild L.P. raised its stake in shares of Lowe’s Companies by 98.0% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,601 shares of the home improvement retailer’s stock valued at $543,000 after purchasing an additional 3,268 shares during the period. Institutional investors own 74.35% of the company’s stock.

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)

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply