Lowe’s Companies (NYSE:LOW) Given New $295.00 Price Target at Truist Financial

Lowe’s Companies (NYSE:LOW) had its target price reduced by research analysts at Truist Financial from $308.00 to $295.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the home improvement retailer’s stock. Truist Financial’s target price points to a potential upside of 18.61% from the company’s current price.

Several other research firms have also recently weighed in on LOW. Piper Sandler reduced their price target on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a report on Thursday. Stifel Nicolaus boosted their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Bank of America dropped their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday. Barclays boosted their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Finally, DA Davidson raised their target price on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $248.71 on Thursday. Lowe’s Companies has a one year low of $211.80 and a one year high of $287.01. The company has a market cap of $140.43 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.96 and a beta of 1.11. The firm has a 50 day simple moving average of $252.52 and a 200 day simple moving average of $258.89.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, analysts expect that Lowe’s Companies will post 11.9 EPS for the current year.

Institutional Trading of Lowe’s Companies

Several large investors have recently made changes to their positions in the company. IFS Advisors LLC bought a new position in Lowe’s Companies in the fourth quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies during the 3rd quarter valued at $27,000. Winch Advisory Services LLC raised its holdings in Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 44 shares during the last quarter. Marshall Investment Management LLC bought a new position in shares of Lowe’s Companies in the fourth quarter valued at $31,000. Finally, JNBA Financial Advisors grew its holdings in shares of Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

About Lowe’s Companies

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.