Lowe’s Companies (NYSE:LOW) Given New $265.00 Price Target at Truist Financial

Lowe’s Companies (NYSE:LOW) had its price target cut by investment analysts at Truist Financial from $271.00 to $265.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the home improvement retailer’s stock. Truist Financial’s target price suggests a potential upside of 17.87% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 28th. Wells Fargo & Company raised their price target on shares of Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. DA Davidson reiterated a “neutral” rating and set a $270.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Robert W. Baird upgraded shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price on the stock in a research report on Wednesday, February 14th. Finally, The Goldman Sachs Group increased their price target on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $252.44.

Lowe’s Companies Stock Down 1.9 %

Lowe’s Companies stock opened at $224.82 on Wednesday. Lowe’s Companies has a twelve month low of $181.85 and a twelve month high of $262.49. The company’s 50-day moving average price is $238.10 and its two-hundred day moving average price is $224.74. The stock has a market cap of $128.64 billion, a P/E ratio of 17.08, a P/E/G ratio of 1.69 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm had revenue of $21.36 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the previous year, the firm posted $3.67 EPS. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. Equities analysts anticipate that Lowe’s Companies will post 12.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wetzel Investment Advisors Inc. acquired a new position in Lowe’s Companies during the 4th quarter worth approximately $25,000. Tidemark LLC bought a new position in shares of Lowe’s Companies in the 4th quarter worth $27,000. Voisard Asset Management Group Inc. acquired a new stake in Lowe’s Companies in the 4th quarter valued at $28,000. Orion Capital Management LLC bought a new stake in Lowe’s Companies during the 3rd quarter valued at $26,000. Finally, Keener Financial Planning LLC bought a new position in shares of Lowe’s Companies in the first quarter valued at $35,000. 74.06% of the stock is owned by 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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.