Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell Raises Lowe’s Companies (NYSE:LOW) Price Target to $239.00

Lowe’s Companies (NYSE:LOW) had its price target upped by research analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from $195.00 to $239.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the home improvement retailer’s stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell’s price target suggests a potential upside of 20.74% from the stock’s previous close.

A number of other equities research analysts have also commented on LOW. Atlantic Securities upgraded Lowe’s Companies from a “neutral” rating to an “overweight” rating and set a $240.00 price target on the stock in a research report on Tuesday, April 20th. Citigroup initiated coverage on shares of Lowe’s Companies in a report on Monday, March 15th. They set a “buy” rating and a $195.00 price objective on the stock. Loop Capital boosted their target price on shares of Lowe’s Companies from $195.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, April 19th. JPMorgan Chase & Co. increased their target price on shares of Lowe’s Companies from $177.00 to $204.00 and gave the company a “neutral” rating in a report on Monday, April 26th. Finally, Zelman & Associates reaffirmed a “hold” rating on shares of Lowe’s Companies in a research report on Wednesday, April 21st. Six equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Lowe’s Companies currently has a consensus rating of “Buy” and a consensus price target of $183.54.

Shares of LOW stock traded down $1.26 during trading hours on Tuesday, reaching $197.94. The company’s stock had a trading volume of 23,156 shares, compared to its average volume of 4,030,384. The company has a quick ratio of 0.57, a current ratio of 1.38 and a debt-to-equity ratio of 5.20. Lowe’s Companies has a fifty-two week low of $102.83 and a fifty-two week high of $208.98. The company has a market capitalization of $141.96 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.18 and a beta of 1.37. The firm’s 50 day simple moving average is $192.90 and its 200-day simple moving average is $171.72.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, February 23rd. The home improvement retailer reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.12. The company had revenue of $20.31 billion for the quarter, compared to analysts’ expectations of $19.54 billion. Lowe’s Companies had a return on equity of 211.33% and a net margin of 6.29%. During the same period in the previous year, the business posted $0.94 earnings per share. Sell-side analysts predict that Lowe’s Companies will post 8.7 earnings per share for the current year.

In related news, Director David H. Batchelder acquired 6,250 shares of the stock in a transaction that occurred on Friday, February 26th. The shares were bought at an average price of $159.48 per share, for a total transaction of $996,750.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.07% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Tortoise Investment Management LLC boosted its holdings in shares of Lowe’s Companies by 208.0% in the fourth quarter. Tortoise Investment Management LLC now owns 154 shares of the home improvement retailer’s stock worth $25,000 after buying an additional 104 shares during the last quarter. RWM Asset Management LLC bought a new position in Lowe’s Companies in the 4th quarter worth $26,000. DB Wealth Management Group LLC purchased a new position in Lowe’s Companies during the fourth quarter valued at $31,000. Perennial Advisors LLC purchased a new stake in Lowe’s Companies in the fourth quarter worth about $32,000. Finally, Wealthcare Capital Management LLC bought a new position in shares of Lowe’s Companies in the first quarter worth about $33,000. Institutional investors and hedge funds own 76.11% of the company’s stock.

Lowe’s Companies Company Profile

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

Read More: Does the Step Transaction Doctrine Affect a Backdoor Roth IRA?

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

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.