Credit Suisse Group Analysts Give Lowe’s Companies (LOW) a $88.00 Price Target

Lowe’s Companies (NYSE:LOW) has been given a $88.00 price target by equities researchers at Credit Suisse Group in a note issued to investors on Friday, November 24th. The firm currently has a “hold” rating on the home improvement retailer’s stock. Credit Suisse Group’s price target indicates a potential upside of 6.80% from the stock’s current price.

LOW has been the subject of a number of other reports. Piper Jaffray Companies reiterated a “hold” rating and issued a $82.00 target price on shares of Lowe’s Companies in a research report on Friday, November 24th. UBS raised their price objective on shares of Lowe’s Companies from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. BidaskClub upgraded shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Robert W. Baird set a $87.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $87.40.

Shares of Lowe’s Companies (NYSE:LOW) opened at $82.40 on Friday. Lowe’s Companies has a twelve month low of $70.49 and a twelve month high of $88.55. The company has a market cap of $71,616.63, a price-to-earnings ratio of 19.14, a PEG ratio of 1.38 and a beta of 1.15. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.03. The firm had revenue of $16.77 billion for the quarter, compared to the consensus estimate of $16.59 billion. Lowe’s Companies had a net margin of 5.16% and a return on equity of 66.27%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 earnings per share. sell-side analysts predict that Lowe’s Companies will post 4.51 earnings per share for the current fiscal year.

In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the transaction, the insider now owns 8,400 shares in the company, valued at approximately $655,368. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew V. Hollifield sold 7,853 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total value of $614,889.90. Following the transaction, the senior vice president now owns 30,750 shares of the company’s stock, valued at $2,407,725. The disclosure for this sale can be found here. Insiders sold a total of 13,303 shares of company stock worth $1,047,406 over the last quarter. Insiders own 0.11% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Lowe’s Companies by 1.4% during the second quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock valued at $5,021,542,000 after purchasing an additional 897,911 shares during the period. BlackRock Inc. increased its holdings in shares of Lowe’s Companies by 1,757.3% during the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after purchasing an additional 58,073,138 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Lowe’s Companies by 40.3% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,144,020 shares of the home improvement retailer’s stock valued at $1,210,613,000 after purchasing an additional 4,351,830 shares during the period. FMR LLC increased its holdings in shares of Lowe’s Companies by 62.6% during the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after purchasing an additional 3,732,153 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Lowe’s Companies by 0.7% during the second quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock valued at $719,560,000 after purchasing an additional 64,780 shares during the period. Hedge funds and other institutional investors own 73.29% of the company’s stock.

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About Lowe’s Companies

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.

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

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