Lowe’s Companies, Inc. (NYSE:LOW) had its price target cut by analysts at Morgan Stanley from $88.00 to $81.00 in a note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has an “overweight” rating on the home improvement retailer’s stock. Morgan Stanley’s price objective points to a potential upside of 9.76% from the company’s current price.

Other analysts have also recently issued reports about the company. Deutsche Bank AG cut their price objective on Lowe’s Companies from $92.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, August 24th. Credit Suisse Group set a $83.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research report on Thursday, August 24th. Robert W. Baird set a $87.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research report on Thursday, August 24th. Royal Bank Of Canada cut their price objective on Lowe’s Companies from $85.00 to $81.00 and set an “outperform” rating on the stock in a research report on Thursday, August 24th. Finally, BMO Capital Markets cut Lowe’s Companies from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $89.00 to $82.00 in a research report on Wednesday, August 23rd. Four analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. Lowe’s Companies presently has an average rating of “Hold” and an average price target of $84.57.

Lowe’s Companies (NYSE:LOW) opened at 73.80 on Thursday. The firm has a market cap of $61.77 billion, a price-to-earnings ratio of 20.95 and a beta of 1.08. The firm has a 50-day moving average price of $75.99 and a 200 day moving average price of $79.50. Lowe’s Companies has a 1-year low of $64.87 and a 1-year high of $86.25.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by $0.05. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 earnings per share. Equities analysts predict that Lowe’s Companies will post $4.50 earnings per share for the current year.

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Institutional investors have recently made changes to their positions in the company. Valicenti Advisory Services Inc. raised its position in shares of Lowe’s Companies by 5.1% in the first quarter. Valicenti Advisory Services Inc. now owns 53,675 shares of the home improvement retailer’s stock worth $4,413,000 after buying an additional 2,625 shares during the last quarter. Heritage Trust Co bought a new stake in shares of Lowe’s Companies during the first quarter worth $789,000. Tufton Capital Management bought a new stake in shares of Lowe’s Companies during the first quarter worth $423,000. Professional Advisory Services Inc. bought a new stake in shares of Lowe’s Companies during the first quarter worth $226,000. Finally, Access Financial Services Inc. raised its stake in shares of Lowe’s Companies by 4.8% in the first quarter. Access Financial Services Inc. now owns 17,736 shares of the home improvement retailer’s stock worth $1,458,000 after buying an additional 811 shares in the last quarter. Institutional investors own 72.91% of the company’s stock.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

Analyst Recommendations for Lowe`s Companies (NYSE:LOW)

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