Oppenheimer Reiterates “Outperform” Rating for Lowe’s Companies (NYSE:LOW)

Lowe’s Companies (NYSE:LOW)‘s stock had its “outperform” rating reissued by research analysts at Oppenheimer in a research note issued on Thursday, Price Targets.com reports. They currently have a $235.00 price objective on the home improvement retailer’s stock. Oppenheimer’s target price points to a potential upside of 18.14% from the company’s previous close. The analysts noted that the move was a valuation call.

LOW has been the topic of several other research reports. Citigroup lifted their target price on shares of Lowe’s Companies from $195.00 to $239.00 in a research note on Tuesday, May 4th. Morgan Stanley upped their price objective on shares of Lowe’s Companies from $210.00 to $222.00 and gave the company an “overweight” rating in a research note on Wednesday. Royal Bank of Canada raised their target price on shares of Lowe’s Companies from $203.00 to $206.00 in a research note on Thursday, February 25th. Gordon Haskett upgraded Lowe’s Companies from an “accumulate” rating to a “buy” rating and set a $202.00 price target for the company in a research report on Wednesday, March 3rd. Finally, Loop Capital lifted their price objective on Lowe’s Companies from $195.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, April 19th. Five analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $188.29.

LOW opened at $198.91 on Thursday. The company has a market cap of $142.65 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 1.18 and a beta of 1.37. Lowe’s Companies has a twelve month low of $108.42 and a twelve month high of $215.22. The company has a 50-day moving average price of $198.72 and a 200 day moving average price of $173.36. The company has a quick ratio of 0.57, a current ratio of 1.38 and a debt-to-equity ratio of 5.20.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, February 23rd. The home improvement retailer reported $1.33 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $20.31 billion during the quarter, compared to analysts’ expectations of $19.54 billion. During the same quarter in the prior year, the firm earned $0.94 earnings per share. As a group, sell-side analysts expect that Lowe’s Companies will post 8.7 earnings per share for the current year.

In related news, Director David H. Batchelder bought 6,250 shares of the firm’s stock in a transaction that occurred on Friday, February 26th. The stock was purchased at an average cost of $159.48 per share, for a total transaction of $996,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.07% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of LOW. FMR LLC grew its stake in shares of Lowe’s Companies by 10.7% during the fourth quarter. FMR LLC now owns 30,352,415 shares of the home improvement retailer’s stock worth $4,871,866,000 after purchasing an additional 2,940,777 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Lowe’s Companies by 3.5% during the 1st quarter. Geode Capital Management LLC now owns 10,792,701 shares of the home improvement retailer’s stock worth $2,046,670,000 after acquiring an additional 369,456 shares in the last quarter. Norges Bank purchased a new position in shares of Lowe’s Companies in the 4th quarter valued at about $1,285,445,000. Massachusetts Financial Services Co. MA raised its position in shares of Lowe’s Companies by 9.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,053,442 shares of the home improvement retailer’s stock worth $1,341,424,000 after acquiring an additional 586,207 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Lowe’s Companies by 1.9% during the first quarter. Lazard Asset Management LLC now owns 6,626,477 shares of the home improvement retailer’s stock worth $1,260,221,000 after purchasing an additional 123,752 shares during the last quarter. 76.11% 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 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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