Lowe's Companies (NYSE:LOW) has been assigned a $116.00 price target by Credit Suisse Group in a research note issued on Tuesday. The brokerage currently has a “buy” rating on the home improvement retailer’s stock. Credit Suisse Group’s target price would suggest a potential upside of 14.65% from the company’s previous close.
A number of other equities analysts also recently commented on the company. Royal Bank of Canada restated a “buy” rating and issued a $84.00 price objective on shares of Lowe's Companies in a report on Tuesday, November 7th. Zacks Investment Research upgraded Lowe's Companies from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Wednesday, November 1st. Deutsche Bank restated a “buy” rating and issued a $90.00 price objective (up from $85.00) on shares of Lowe's Companies in a report on Friday, October 6th. KeyCorp started coverage on Lowe's Companies in a research note on Monday, November 6th. They issued an “overweight” rating and a $98.00 target price for the company. Finally, SunTrust Banks reiterated a “hold” rating and issued a $80.00 target price on shares of Lowe's Companies in a research note on Friday, November 10th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty have given a buy rating to the company’s stock. Lowe's Companies currently has a consensus rating of “Buy” and a consensus price target of $89.59.
Lowe's Companies (NYSE LOW) traded up $0.33 during trading on Tuesday, hitting $101.18. The stock had a trading volume of 5,650,000 shares, compared to its average volume of 6,360,000. The stock has a market cap of $83,960.00, a P/E ratio of 24.32, a price-to-earnings-growth ratio of 1.51 and a beta of 1.14. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. Lowe's Companies has a 52 week low of $70.76 and a 52 week high of $105.60.
In other news, insider Nelson B. Peace sold 3,352 shares of Lowe's Companies stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $80.20, for a total value of $268,830.40. Following the completion of the transaction, the insider now owns 4,650 shares in the company, valued at approximately $372,930. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.11% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Summit Global Investments acquired a new position in shares of Lowe's Companies in the 2nd quarter worth approximately $1,421,000. Ffcm LLC lifted its holdings in shares of Lowe's Companies by 6.4% in the 2nd quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock worth $2,395,000 after purchasing an additional 1,853 shares during the last quarter. Burney Co. lifted its holdings in shares of Lowe's Companies by 3.9% in the 2nd quarter. Burney Co. now owns 145,724 shares of the home improvement retailer’s stock worth $11,162,000 after purchasing an additional 5,453 shares during the last quarter. PGGM Investments lifted its holdings in shares of Lowe's Companies by 45.8% in the 3rd quarter. PGGM Investments now owns 986,226 shares of the home improvement retailer’s stock worth $78,839,000 after purchasing an additional 309,870 shares during the last quarter. Finally, FIL Ltd lifted its holdings in shares of Lowe's Companies by 8.6% in the 2nd quarter. FIL Ltd now owns 1,972,527 shares of the home improvement retailer’s stock worth $152,931,000 after purchasing an additional 155,662 shares during the last quarter. Institutional investors own 73.13% 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.
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