Lowe’s Companies (NYSE:LOW) received a $115.00 target price from investment analysts at Morgan Stanley in a report issued on Tuesday. The brokerage presently has a “buy” rating on the home improvement retailer’s stock. Morgan Stanley’s price target points to a potential upside of 10.52% from the company’s previous close.

LOW has been the topic of a number of other reports. Loop Capital cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Deutsche Bank set a $101.00 price target on Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, November 21st. Wells Fargo & Co boosted their price target on Lowe’s Companies from $110.00 to $120.00 in a research note on Thursday, February 28th. ValuEngine raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. Finally, Credit Suisse Group set a $111.00 price target on Lowe’s Companies and gave the company a “hold” rating in a research note on Tuesday, November 20th. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $113.13.

Shares of LOW traded up $2.17 on Tuesday, reaching $104.05. 3,147,037 shares of the stock traded hands, compared to its average volume of 4,802,701. The stock has a market cap of $80.41 billion, a PE ratio of 20.24, a P/E/G ratio of 1.16 and a beta of 1.27. The company has a current ratio of 0.98, a quick ratio of 0.11 and a debt-to-equity ratio of 3.95. Lowe’s Companies has a 12 month low of $81.16 and a 12 month high of $117.70.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $15.65 billion for the quarter, compared to analysts’ expectations of $15.75 billion. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. Lowe’s Companies’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 earnings per share. Equities analysts forecast that Lowe’s Companies will post 6.06 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund lifted its stake in shares of Lowe’s Companies by 8,621.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 17,673,178 shares of the home improvement retailer’s stock valued at $191,000 after acquiring an additional 17,470,536 shares during the period. Lunia Capital LP increased its holdings in Lowe’s Companies by 18,944.2% in the fourth quarter. Lunia Capital LP now owns 15,741,007 shares of the home improvement retailer’s stock valued at $15,741,000 after purchasing an additional 15,658,352 shares during the last quarter. Norges Bank bought a new stake in Lowe’s Companies in the fourth quarter valued at about $734,285,000. Capital International Investors bought a new stake in Lowe’s Companies in the third quarter valued at about $746,818,000. Finally, FMR LLC increased its holdings in Lowe’s Companies by 9.2% in the fourth quarter. FMR LLC now owns 23,893,923 shares of the home improvement retailer’s stock valued at $2,206,843,000 after purchasing an additional 2,014,183 shares during the last quarter. 74.48% of the stock is currently owned by institutional investors.

About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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