Lowe’s Companies (NYSE:LOW) had its target price reduced by investment analysts at UBS Group from $125.00 to $115.00 in a report released on Thursday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the home improvement retailer’s stock. UBS Group’s price objective would indicate a potential upside of 20.58% from the stock’s previous close.

A number of other research firms have also recently commented on LOW. Morgan Stanley increased their target price on Lowe’s Companies from $115.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Zacks Investment Research cut Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. Citigroup increased their target price on Lowe’s Companies from $125.00 to $127.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Wedbush increased their target price on Lowe’s Companies from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, February 28th. Finally, ValuEngine raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. Nine analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $113.35.

Lowe’s Companies stock opened at $95.37 on Thursday. The firm has a market capitalization of $75.91 billion, a PE ratio of 18.55, a PEG ratio of 1.30 and a beta of 1.26. Lowe’s Companies has a fifty-two week low of $84.75 and a fifty-two week high of $118.23. 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 (NYSE:LOW) last released its earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 EPS for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.11). The firm had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.65 billion. Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.19 EPS. As a group, sell-side analysts anticipate that Lowe’s Companies will post 6.05 earnings per share for the current year.

Several large investors have recently made changes to their positions in LOW. Bedrijfstakpensioenfonds Voor DE Media PNO purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth about $7,389,000. Somerset Trust Co boosted its holdings in shares of Lowe’s Companies by 2.6% during the fourth quarter. Somerset Trust Co now owns 31,709 shares of the home improvement retailer’s stock worth $2,929,000 after purchasing an additional 814 shares during the period. BB&T Corp boosted its holdings in shares of Lowe’s Companies by 2.8% during the fourth quarter. BB&T Corp now owns 247,194 shares of the home improvement retailer’s stock worth $22,831,000 after purchasing an additional 6,793 shares during the period. Dakota Wealth Management boosted its holdings in shares of Lowe’s Companies by 1.2% during the fourth quarter. Dakota Wealth Management now owns 10,542 shares of the home improvement retailer’s stock worth $1,091,000 after purchasing an additional 120 shares during the period. Finally, Miracle Mile Advisors LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth about $299,000. 75.53% of the stock is currently owned by hedge funds and other institutional investors.

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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

Featured Story: Front-End Load

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

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.