Royal Bank Of Canada Boosts Lowe’s Companies (LOW) Price Target to $89.00

Lowe’s Companies (NYSE:LOW) had its price objective hoisted by research analysts at Royal Bank Of Canada from $84.00 to $89.00 in a report issued on Wednesday, November 22nd, Marketbeat reports. The firm currently has an “outperform” rating on the home improvement retailer’s stock. Royal Bank Of Canada’s price target points to a potential upside of 6.42% from the stock’s previous close.

A number of other analysts have also commented on LOW. Longbow Research reissued a “buy” rating and issued a $95.00 target price on shares of Lowe’s Companies in a report on Monday, August 14th. Jefferies Group reissued a “hold” rating and issued a $75.00 target price on shares of Lowe’s Companies in a report on Thursday, September 28th. Zacks Investment Research raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Friday, August 11th. Piper Jaffray Companies reissued a “hold” rating and issued a $80.00 target price on shares of Lowe’s Companies in a report on Friday, September 29th. Finally, Gordon Haskett started coverage on Lowe’s Companies in a report on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have given a buy rating to the stock. Lowe’s Companies currently has an average rating of “Hold” and an average price target of $87.40.

Lowe’s Companies (LOW) opened at $83.63 on Wednesday. Lowe’s Companies has a 52-week low of $70.49 and a 52-week high of $88.55. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02. The firm has a market capitalization of $69,290.00, a P/E ratio of 19.14, a P/E/G ratio of 1.38 and a beta of 1.14.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.03. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. The company had revenue of $16.77 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same quarter last year, the company earned $0.88 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. equities analysts forecast that Lowe’s Companies will post 4.51 earnings per share for the current year.

In other news, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $78.30, for a total value of $614,889.90. Following the transaction, the senior vice president now directly owns 30,750 shares in the company, valued at $2,407,725. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the sale, the insider now directly owns 8,400 shares in the company, valued at $655,368. The disclosure for this sale can be found here. Insiders sold 13,303 shares of company stock worth $1,047,406 over the last 90 days. Company insiders own 0.11% of the company’s stock.

Several hedge funds have recently modified their holdings of LOW. SRS Capital Advisors Inc. increased its stake in Lowe’s Companies by 0.4% during the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after acquiring an additional 5 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in Lowe’s Companies by 0.4% during the first quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock worth $275,000 after acquiring an additional 13 shares during the last quarter. Winfield Associates Inc. increased its stake in Lowe’s Companies by 0.6% during the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock worth $196,000 after acquiring an additional 15 shares during the last quarter. Modera Wealth Management LLC increased its stake in Lowe’s Companies by 0.3% during the first quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock worth $405,000 after acquiring an additional 15 shares during the last quarter. Finally, Alps Advisors Inc. increased its stake in Lowe’s Companies by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock worth $453,000 after acquiring an additional 15 shares during the last quarter. 73.29% of the stock is currently owned by hedge funds and other 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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