Lowe’s Companies (NYSE:LOW) Given New $210.00 Price Target at JPMorgan Chase & Co.

Posted by Defense World Staff on Mar 6th, 2023

Lowe’s Companies (NYSE:LOW – Get Rating) had its price objective lowered by JPMorgan Chase & Co. from $230.00 to $210.00 in a research note issued to investors on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the home improvement retailer’s stock.

A number of other brokerages have also recently weighed in on LOW. Telsey Advisory Group reduced their target price on shares of Lowe’s Companies from $250.00 to $235.00 and set an outperform rating for the company in a report on Thursday. The Goldman Sachs Group raised their price objective on shares of Lowe’s Companies from $241.00 to $246.00 and gave the stock a buy rating in a research note on Wednesday, December 7th. Truist Financial decreased their price objective on shares of Lowe’s Companies from $258.00 to $235.00 in a research note on Thursday. Barclays started coverage on shares of Lowe’s Companies in a research note on Tuesday, February 7th. They issued an equal weight rating and a $215.00 price objective for the company. Finally, Loop Capital decreased their price objective on shares of Lowe’s Companies from $210.00 to $200.00 in a research note on Friday, December 9th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $224.81.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $199.73 on Thursday. The stock has a market capitalization of $123.97 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 1.15 and a beta of 1.10. Lowe’s Companies has a 1-year low of $170.12 and a 1-year high of $238.37. The company has a 50 day moving average price of $206.18 and a 200 day moving average price of $201.62.

Lowe’s Companies (NYSE:LOW – Get Rating) last issued its earnings results on Wednesday, March 1st. The home improvement retailer reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.07. The firm had revenue of $22.40 billion during the quarter, compared to analysts’ expectations of $22.71 billion. Lowe’s Companies had a net margin of 6.63% and a negative return on equity of 82.30%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $1.78 earnings per share. On average, sell-side analysts expect that Lowe’s Companies will post 13.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Ross W. Mccanless sold 57,629 shares of Lowe’s Companies stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $211.35, for a total value of $12,179,889.15. Following the transaction, the executive vice president now owns 26,923 shares in the company, valued at approximately $5,690,176.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Allworth Financial LP grew its position in Lowe’s Companies by 13.0% in the 3rd quarter. Allworth Financial LP now owns 11,173 shares of the home improvement retailer’s stock worth $2,098,000 after purchasing an additional 1,283 shares during the last quarter. Financial Strategies Group Inc. grew its position in Lowe’s Companies by 26.2% in the 3rd quarter. Financial Strategies Group Inc. now owns 5,916 shares of the home improvement retailer’s stock worth $1,111,000 after purchasing an additional 1,229 shares during the last quarter. New Millennium Group LLC acquired a new stake in shares of Lowe’s Companies during the 2nd quarter valued at about $47,000. PFS Investments Inc. boosted its position in shares of Lowe’s Companies by 6.8% during the 3rd quarter. PFS Investments Inc. now owns 11,740 shares of the home improvement retailer’s stock valued at $2,205,000 after acquiring an additional 746 shares in the last quarter. Finally, Capital Analysts LLC boosted its holdings in Lowe’s Companies by 1.8% during the second quarter. Capital Analysts LLC now owns 23,455 shares of the home improvement retailer’s stock valued at $4,097,000 after purchasing an additional 425 shares in the last quarter. Institutional investors own 72.62% of the company’s stock.

Lowe’s Companies Company Profile

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Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.