A number of research firms have changed their ratings and price targets for Lowe's Companies (NYSE: LOW):

  • 3/2/2017 – Lowe's Companies had its price target raised by analysts at Jefferies Group LLC from $78.00 to $80.00. They now have a “hold” rating on the stock.
  • 3/2/2017 – Lowe's Companies had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $90.00 price target on the stock, up previously from $83.00.
  • 3/2/2017 – Lowe's Companies had its price target raised by analysts at Instinet from $75.00 to $77.00. They now have a “neutral” rating on the stock.
  • 3/2/2017 – Lowe's Companies was given a new $83.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 3/1/2017 – Lowe's Companies was given a new $77.00 price target on by analysts at Wedbush. They now have a “hold” rating on the stock.
  • 2/23/2017 – Lowe's Companies was given a new $88.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 2/22/2017 – Lowe's Companies had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $77.00 price target on the stock.
  • 2/22/2017 – Lowe's Companies had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $80.00 price target on the stock.
  • 2/18/2017 – Lowe's Companies was given a new $83.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 2/16/2017 – Lowe's Companies had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $78.00 price target on the stock.
  • 2/16/2017 – Lowe's Companies had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $85.00 price target on the stock.
  • 2/15/2017 – Lowe's Companies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Lowe’s has underperformed the industry in the past six months, primarily due to weaker-than-expected top and bottom lines in the trailing two quarters. Management envisions fiscal 2016 earnings to be $3.52 per share, down from the earlier projection of $4.06. Nevertheless, an improving job picture, gradual recovery in the housing market and merchandising initiatives along with efforts to provide better omni-channel customer experience bode well for the company. It also remains well positioned to reap the benefits of strategic acquisitions, including the recent buyout of RONA. For fiscal 2016, Lowe’s anticipates total sales growth of 9% to 10%. However, analysts pointed that the company’s expansion into regions where it already operates could cannibalize its sales performance and lower traffic count at existing stores. We noted estimates have been stable lately ahead of the company’s fourth quarter earnings release.”
  • 2/10/2017 – Lowe's Companies had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $77.00 price target on the stock.
  • 2/6/2017 – Lowe's Companies is now covered by analysts at Sanford C. Bernstein. They set an “underperform” rating and a $66.00 price target on the stock.

Lowe's Companies, Inc. (NYSE:LOW) traded down 1.41% during mid-day trading on Monday, reaching $82.35. The company had a trading volume of 6,888,695 shares. The company’s 50-day moving average is $77.19 and its 200-day moving average is $72.89. Lowe's Companies, Inc. has a one year low of $64.87 and a one year high of $84.00. The stock has a market capitalization of $71.32 billion, a PE ratio of 23.73 and a beta of 1.28.

Lowe's Companies (NYSE:LOW) last issued its earnings results on Wednesday, March 1st. The home improvement retailer reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. Lowe's Companies had a return on equity of 46.46% and a net margin of 3.91%. The business earned $15.78 billion during the quarter, compared to analyst estimates of $15.39 billion. During the same period in the previous year, the company posted $0.59 EPS. The firm’s revenue was up 19.3% compared to the same quarter last year. Equities research analysts anticipate that Lowe's Companies, Inc. will post $4.63 earnings per share for the current year.

In other Lowe's Companies news, insider Nelson B. Peace sold 3,568 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $81.30, for a total transaction of $290,078.40. Following the completion of the sale, the insider now directly owns 5,860 shares of the company’s stock, valued at approximately $476,418. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew V. Hollifield sold 9,299 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $80.99, for a total value of $753,126.01. Following the sale, the senior vice president now directly owns 28,691 shares of the company’s stock, valued at $2,323,684.09. The disclosure for this sale can be found here. Insiders sold a total of 490,505 shares of company stock valued at $39,758,270 over the last ninety days. 0.39% of the stock is currently owned by corporate insiders.

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

5 Day Chart for NYSE:LOW

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