Lowe’s Companies (NYSE:LOW) has been given a $105.00 price target by investment analysts at Wedbush in a research report issued on Thursday, The Fly reports. The firm presently has a “hold” rating on the home improvement retailer’s stock. Wedbush’s price objective indicates a potential downside of 1.69% from the company’s current price. Wedbush also issued estimates for Lowe’s Companies’ Q4 2019 earnings at $0.98 EPS, FY2019 earnings at $5.15 EPS, Q1 2020 earnings at $1.34 EPS, Q2 2020 earnings at $2.27 EPS, Q3 2020 earnings at $1.32 EPS, Q4 2020 earnings at $1.10 EPS and FY2020 earnings at $6.02 EPS.

Other research analysts have also issued reports about the stock. Credit Suisse Group set a $111.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Monday, May 14th. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Tuesday, July 24th. Loop Capital set a $115.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, July 18th. Argus boosted their price target on shares of Lowe’s Companies from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, May 25th. Finally, ValuEngine upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Thursday, May 24th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $111.41.

Lowe’s Companies stock opened at $106.80 on Thursday. The company has a quick ratio of 0.18, a current ratio of 1.06 and a debt-to-equity ratio of 2.58. The stock has a market cap of $86.12 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.27 and a beta of 1.32. Lowe’s Companies has a 52-week low of $72.53 and a 52-week high of $109.80.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.05. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. Lowe’s Companies’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.57 EPS. equities analysts forecast that Lowe’s Companies will post 5.31 EPS for the current fiscal year.

In related news, SVP Matthew V. Hollifield sold 12,362 shares of the business’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $99.56, for a total value of $1,230,760.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tdam USA Inc. raised its holdings in shares of Lowe’s Companies by 6.9% in the 2nd quarter. Tdam USA Inc. now owns 7,850 shares of the home improvement retailer’s stock worth $750,000 after purchasing an additional 504 shares in the last quarter. Central Bank & Trust Co. raised its holdings in shares of Lowe’s Companies by 4.3% in the 2nd quarter. Central Bank & Trust Co. now owns 12,351 shares of the home improvement retailer’s stock worth $1,180,000 after purchasing an additional 511 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Lowe’s Companies by 13.3% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,367 shares of the home improvement retailer’s stock worth $417,000 after purchasing an additional 511 shares in the last quarter. Dillon & Associates Inc. raised its holdings in shares of Lowe’s Companies by 0.7% in the 2nd quarter. Dillon & Associates Inc. now owns 75,416 shares of the home improvement retailer’s stock worth $7,240,000 after purchasing an additional 535 shares in the last quarter. Finally, Summit X LLC raised its holdings in shares of Lowe’s Companies by 13.7% in the 1st quarter. Summit X LLC now owns 4,437 shares of the home improvement retailer’s stock worth $386,000 after purchasing an additional 536 shares in the last quarter. Institutional investors and hedge funds own 75.38% of the company’s stock.

Lowe’s Companies Company Profile

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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