Lowe’s Companies (LOW) Receives Buy Rating from Gabelli
Lowe’s Companies (NYSE:LOW)‘s stock had its “buy” rating restated by stock analysts at Gabelli in a research report issued on Thursday, Zacks.com reports. Gabelli also issued estimates for Lowe’s Companies’ FY2020 earnings at $5.55 EPS, FY2021 earnings at $6.50 EPS and FY2024 earnings at $9.05 EPS.
A number of other analysts have also commented on the company. Morgan Stanley set a $123.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday. UBS Group dropped their price target on Lowe’s Companies from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday. Wedbush set a $105.00 price target on Lowe’s Companies and gave the stock a “neutral” rating in a research note on Thursday. Telsey Advisory Group set a $116.00 price target on Lowe’s Companies and gave the stock an “outperform” rating in a research note on Thursday. Finally, ValuEngine lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Nine analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Lowe’s Companies has an average rating of “Buy” and an average price target of $113.35.
NYSE:LOW opened at $94.80 on Thursday. The company has a market cap of $75.49 billion, a PE ratio of 18.44, a P/E/G ratio of 1.30 and a beta of 1.26. Lowe’s Companies has a fifty-two week low of $84.75 and a fifty-two week high of $118.23. The company has a quick ratio of 0.11, a current ratio of 0.98 and a debt-to-equity ratio of 3.95.
Institutional investors and hedge funds have recently bought and sold shares of the business. BB&T Corp increased its holdings in shares of Lowe’s Companies by 2.8% during the fourth quarter. BB&T Corp now owns 247,194 shares of the home improvement retailer’s stock valued at $22,831,000 after acquiring an additional 6,793 shares in the last quarter. Dakota Wealth Management boosted its position in Lowe’s Companies by 1.2% in the fourth quarter. Dakota Wealth Management now owns 10,542 shares of the home improvement retailer’s stock worth $1,091,000 after purchasing an additional 120 shares during the last quarter. Miracle Mile Advisors LLC purchased a new position in Lowe’s Companies in the fourth quarter worth about $299,000. Suffolk Capital Management LLC purchased a new position in Lowe’s Companies in the fourth quarter worth about $9,677,000. Finally, Clean Yield Group purchased a new position in Lowe’s Companies in the fourth quarter worth about $142,000. Institutional investors and hedge funds own 75.53% of the company’s stock.
About Lowe’s Companies
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.
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