Evercore ISI Lowers Lowe’s Companies (NYSE:LOW) Price Target to $275.00

Lowe’s Companies (NYSE:LOW) had its price target dropped by stock analysts at Evercore ISI from $280.00 to $275.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “in-line” rating on the home improvement retailer’s stock. Evercore ISI’s price objective suggests a potential upside of 20.16% from the company’s previous close.

LOW has been the subject of a number of other reports. Morgan Stanley increased their price target on Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Royal Bank of Canada increased their price target on Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 28th. Truist Financial increased their price target on Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Stifel Nicolaus decreased their price target on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Finally, Wedbush increased their price target on Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $228.86 on Tuesday. Lowe’s Companies has a 1-year low of $181.85 and a 1-year high of $262.49. The stock’s 50-day moving average is $239.29 and its 200 day moving average is $218.38. The company has a market cap of $130.95 billion, a P/E ratio of 17.39, a PEG ratio of 1.70 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. During the same quarter last year, the company earned $2.28 earnings per share. The firm’s revenue for the quarter was down 17.1% compared to the same quarter last year. On average, analysts anticipate that Lowe’s Companies will post 12.21 EPS for the current year.

Institutional Trading of Lowe’s Companies

Institutional investors have recently made changes to their positions in the company. Wetzel Investment Advisors Inc. acquired a new stake in shares of Lowe’s Companies in the fourth quarter worth approximately $25,000. Tidemark LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter worth approximately $27,000. Voisard Asset Management Group Inc. acquired a new stake in shares of Lowe’s Companies in the fourth quarter worth approximately $28,000. Orion Capital Management LLC acquired a new stake in shares of Lowe’s Companies in the third quarter worth approximately $26,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter worth approximately $31,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.