Lowe’s Companies (NYSE:LOW) PT Raised to $239.00 at Citigroup
Lowe’s Companies (NYSE:LOW) had its price objective upped by stock analysts at Citigroup from $195.00 to $239.00 in a research report issued on Tuesday, The Fly reports. Citigroup’s target price would indicate a potential upside of 21.00% from the stock’s current price.
LOW has been the subject of several other research reports. Gordon Haskett raised Lowe’s Companies from an “accumulate” rating to a “buy” rating and set a $202.00 target price for the company in a research note on Wednesday, March 3rd. Royal Bank of Canada upped their price objective on shares of Lowe’s Companies from $203.00 to $206.00 in a research report on Thursday, February 25th. Loop Capital raised their target price on shares of Lowe’s Companies from $195.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, April 19th. Zelman & Associates reiterated a “hold” rating on shares of Lowe’s Companies in a report on Wednesday, April 21st. Finally, JPMorgan Chase & Co. raised their price objective on Lowe’s Companies from $177.00 to $204.00 and gave the company a “neutral” rating in a report on Monday, April 26th. Six equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Lowe’s Companies currently has a consensus rating of “Buy” and a consensus target price of $184.80.
NYSE:LOW traded down $1.68 during mid-day trading on Tuesday, hitting $197.52. 80,601 shares of the stock were exchanged, compared to its average volume of 4,030,384. The firm’s 50-day simple moving average is $192.90 and its 200 day simple moving average is $171.72. The stock has a market capitalization of $141.66 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 1.18 and a beta of 1.37. Lowe’s Companies has a fifty-two week low of $102.83 and a fifty-two week high of $208.98. The company has a debt-to-equity ratio of 5.20, a quick ratio of 0.57 and a current ratio of 1.38.
In related news, Director David H. Batchelder purchased 6,250 shares of the firm’s stock in a transaction on Friday, February 26th. The stock was purchased at an average cost of $159.48 per share, with a total value of $996,750.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.07% of the company’s stock.
A number of institutional investors have recently made changes to their positions in LOW. Tortoise Investment Management LLC raised its position in shares of Lowe’s Companies by 208.0% during the fourth quarter. Tortoise Investment Management LLC now owns 154 shares of the home improvement retailer’s stock worth $25,000 after purchasing an additional 104 shares during the period. RWM Asset Management LLC acquired a new position in Lowe’s Companies during the fourth quarter worth $26,000. DB Wealth Management Group LLC acquired a new position in Lowe’s Companies during the fourth quarter worth $31,000. Perennial Advisors LLC bought a new position in shares of Lowe’s Companies in the fourth quarter valued at $32,000. Finally, Wealthcare Capital Management LLC acquired a new position in shares of Lowe’s Companies during the first quarter valued at about $33,000. 76.11% of the stock is owned by hedge funds and other institutional investors.
About Lowe’s Companies
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, dÃ©cor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.
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