Lowe's Companies (LOW) Receives Hold Rating from BMO Capital Markets
BMO Capital Markets restated their hold rating on shares of Lowe's Companies (NYSE:LOW) in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. They currently have a $95.00 target price on the home improvement retailer’s stock, up from their previous target price of $82.00.
Several other research analysts also recently commented on the company. Stifel Nicolaus reissued a buy rating and set a $105.00 target price on shares of Lowe's Companies in a research note on Thursday. Loop Capital assumed coverage on Lowe's Companies in a research note on Thursday. They set a hold rating and a $88.00 target price for the company. Royal Bank of Canada lowered their target price on Lowe's Companies to $102.00 and set an outperform rating for the company in a research note on Thursday. Deutsche Bank set a $107.00 target price on Lowe's Companies and gave the stock a buy rating in a research note on Thursday. Finally, Wedbush reissued a hold rating and set a $80.00 target price (down previously from $85.00) on shares of Lowe's Companies in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-three have given a buy rating to the company’s stock. Lowe's Companies currently has an average rating of Buy and a consensus price target of $97.52.
Lowe's Companies (LOW) opened at $85.34 on Thursday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.12 and a current ratio of 1.06. The company has a market capitalization of $70,810.00, a PE ratio of 20.71, a price-to-earnings-growth ratio of 0.91 and a beta of 1.30. Lowe's Companies has a 52 week low of $70.76 and a 52 week high of $108.98.
Lowe's Companies announced that its board has authorized a share repurchase plan on Friday, January 26th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the home improvement retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.
Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Lowe's Companies by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock worth $5,021,542,000 after buying an additional 897,911 shares in the last quarter. Magellan Asset Management Ltd boosted its holdings in shares of Lowe's Companies by 4.5% during the 4th quarter. Magellan Asset Management Ltd now owns 24,499,155 shares of the home improvement retailer’s stock worth $2,276,951,000 after buying an additional 1,059,347 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Lowe's Companies by 40.3% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,144,020 shares of the home improvement retailer’s stock worth $1,210,613,000 after buying an additional 4,351,830 shares in the last quarter. FMR LLC boosted its holdings in shares of Lowe's Companies by 62.6% during the 2nd quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock worth $751,610,000 after buying an additional 3,732,153 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Lowe's Companies by 0.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock worth $719,560,000 after buying an additional 64,780 shares in the last quarter. 73.78% of the stock is owned by institutional investors and hedge funds.
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Lowe's Companies Company Profile
Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
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