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.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, February 23rd. The home improvement retailer reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.12. Lowe’s Companies had a return on equity of 211.33% and a net margin of 6.29%. The firm had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.54 billion. During the same quarter last year, the business posted $0.94 EPS. On average, analysts predict that Lowe’s Companies will post 8.7 EPS for the current fiscal year.

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

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