Lowe’s Companies (NYSE:LOW) Upgraded at JPMorgan Chase & Co.

Lowe’s Companies (NYSE:LOWGet Free Report) was upgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Monday, MarketBeat reports. The firm presently has a $265.00 target price on the home improvement retailer’s stock, up from their prior target price of $210.00. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 19.23% from the company’s current price.

LOW has been the topic of a number of other research reports. Morgan Stanley lowered their price objective on Lowe’s Companies from $255.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 22nd. Telsey Advisory Group reiterated a “market perform” rating and set a $215.00 price target (down previously from $225.00) on shares of Lowe’s Companies in a research report on Tuesday, November 21st. Evercore ISI boosted their price objective on Lowe’s Companies from $205.00 to $210.00 and gave the stock an “in-line” rating in a report on Wednesday, November 22nd. Piper Sandler raised their target price on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Finally, Barclays boosted their price target on shares of Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $242.33.

Get Our Latest Research Report on Lowe’s Companies

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $222.26 on Monday. The firm has a market capitalization of $127.82 billion, a P/E ratio of 17.14, a PEG ratio of 1.59 and a beta of 1.12. Lowe’s Companies has a one year low of $181.85 and a one year high of $237.21. The business has a fifty day moving average price of $217.33 and a 200-day moving average price of $212.77.

Lowe’s Companies (NYSE:LOWGet Free Report) last issued its earnings results on Tuesday, November 21st. The home improvement retailer reported $3.06 EPS for the quarter, topping the consensus estimate of $3.03 by $0.03. The business had revenue of $20.74 billion during the quarter, compared to the consensus estimate of $20.87 billion. Lowe’s Companies had a negative return on equity of 54.56% and a net margin of 8.49%. The firm’s revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.27 EPS. Sell-side analysts expect that Lowe’s Companies will post 13.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lowe’s Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wetzel Investment Advisors Inc. purchased a new position in Lowe’s Companies during the 4th quarter valued at $25,000. Orion Capital Management LLC purchased a new position in shares of Lowe’s Companies during the third quarter valued at about $26,000. Tidemark LLC bought a new position in Lowe’s Companies in the fourth quarter worth about $27,000. VisionPoint Advisory Group LLC lifted its holdings in Lowe’s Companies by 85.4% in the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 70 shares during the period. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Lowe’s Companies during the 4th quarter valued at approximately $33,000. Institutional investors own 71.88% of the company’s stock.

About Lowe’s Companies

(Get Free Report)

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, d├ęcor, and electrical.

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

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