Credit Suisse Group Analysts Give Lowe’s Companies (LOW) a $111.00 Price Target

Credit Suisse Group set a $111.00 price target on Lowe’s Companies (NYSE:LOW) in a research report report published on Tuesday. The firm currently has a hold rating on the home improvement retailer’s stock.

Several other brokerages have also recently issued reports on LOW. Morgan Stanley dropped their target price on shares of Lowe’s Companies from $125.00 to $110.00 and set an overweight rating on the stock in a report on Tuesday, October 23rd. Citigroup raised shares of Lowe’s Companies from a neutral rating to a buy rating and set a $112.00 price target for the company in a research report on Tuesday, October 23rd. Royal Bank of Canada increased their price target on shares of Lowe’s Companies to $118.00 and gave the company an outperform rating in a research report on Thursday, August 23rd. Wedbush set a $115.00 price target on shares of Lowe’s Companies and gave the company a neutral rating in a research report on Monday, October 15th. Finally, Bank of America set a $132.00 price target on shares of Lowe’s Companies and gave the company a buy rating in a research report on Tuesday, October 2nd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $108.89.

Shares of Lowe’s Companies stock opened at $88.37 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.25 and a debt-to-equity ratio of 2.68. Lowe’s Companies has a 1 year low of $79.11 and a 1 year high of $117.70. The stock has a market cap of $71.43 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 1.20 and a beta of 1.52.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.06. Lowe’s Companies had a net margin of 5.19% and a return on equity of 72.47%. The company had revenue of $17.42 billion for the quarter, compared to analysts’ expectations of $17.36 billion. During the same period in the prior year, the business earned $1.05 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts forecast that Lowe’s Companies will post 5.11 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 6th. Investors of record on Wednesday, January 23rd will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Tuesday, January 22nd. Lowe’s Companies’s payout ratio is currently 43.74%.

In related news, CFO Marshall A. Croom sold 15,735 shares of the stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $114.61, for a total value of $1,803,388.35. Following the completion of the transaction, the chief financial officer now directly owns 63,099 shares of the company’s stock, valued at approximately $7,231,776.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.30% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of LOW. Almanack Investment Partners LLC. purchased a new position in Lowe’s Companies during the 2nd quarter worth approximately $103,000. CSat Investment Advisory L.P. purchased a new position in Lowe’s Companies during the 2nd quarter worth approximately $108,000. Columbia Asset Management purchased a new position in Lowe’s Companies during the 3rd quarter worth approximately $109,000. Capital Advisors Ltd. LLC purchased a new position in Lowe’s Companies during the 3rd quarter worth approximately $116,000. Finally, Stelac Advisory Services LLC purchased a new position in Lowe’s Companies during the 3rd quarter worth approximately $123,000. 73.95% of the stock is owned by institutional investors.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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