Lowe’s Companies (NYSE:LOW) Upgraded by StockNews.com to “Buy” Rating

Lowe’s Companies ( NYSE:LOW – Get Free Report ) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. A number of other equities analysts have also recently commented on the company.

Mizuho reduced their target price on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 27th.



Truist Financial decreased their target price on Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating for the company in a report on Tuesday, April 8th.

Royal Bank of Canada decreased their price target on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th.

Piper Sandler cut their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th.

Finally, BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.

com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $278.74. Check Out Our Latest Report on Lowe’s Companies Lowe’s Companies Stock Down 2.

7 % Lowe’s Companies ( NYSE:LOW – Get Free Report ) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.

83 by $0.10. Lowe’s Companies had a negative return on equity of 47.

55% and a net margin of 8.19%. The company had revenue of $18.

55 billion during the quarter, compared to the consensus estimate of $18.29 billion. As a group, equities analysts anticipate that Lowe’s Companies will post 11.

9 EPS for the current fiscal year. Hedge Funds Weigh In On Lowe’s Companies Several large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Lowe’s Companies in the 4th quarter worth approximately $1,842,954,000.

Kovitz Investment Group Partners LLC raised its holdings in shares of Lowe’s Companies by 350.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer’s stock worth $585,770,000 after acquiring an additional 1,846,315 shares in the last quarter.

GAMMA Investing LLC boosted its position in Lowe’s Companies by 26,796.0% during the first quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer’s stock valued at $386,540,000 after purchasing an additional 1,651,170 shares during the last quarter.

Raymond James Financial Inc. purchased a new position in Lowe’s Companies in the fourth quarter valued at about $314,435,000. Finally, Strategic Financial Concepts LLC grew its stake in Lowe’s Companies by 24,531.

0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after purchasing an additional 1,223,116 shares in the last quarter. 74.

06% of the stock is currently owned by institutional investors. Lowe’s Companies Company Profile ( 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, décor, and electrical. Read More Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter .

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