Lowe's Companies (NYSE:LOW) was upgraded by equities researchers at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued on Friday, MarketBeat.com reports.
Other analysts have also recently issued reports about the company. Stifel Nicolaus restated a “buy” rating and issued a $103.00 target price on shares of Lowe's Companies in a research report on Friday, December 22nd. Piper Jaffray Companies restated a “hold” rating and issued a $82.00 target price on shares of Lowe's Companies in a research report on Friday, November 24th. Robert W. Baird restated a “buy” rating and issued a $110.00 target price on shares of Lowe's Companies in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded Lowe's Companies from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Finally, SunTrust Banks reiterated a “hold” rating and set a $80.00 price target on shares of Lowe's Companies in a research report on Wednesday, November 22nd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Lowe's Companies presently has an average rating of “Hold” and an average target price of $88.62.
Shares of Lowe's Companies (NYSE LOW) traded up $2.00 during midday trading on Friday, hitting $94.74. The company had a trading volume of 5,524,100 shares, compared to its average volume of 5,052,850. The company has a market cap of $78,320.00, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14. Lowe's Companies has a 1-year low of $70.54 and a 1-year high of $94.80. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71.
In related news, insider Nelson B. Peace sold 3,352 shares of Lowe's Companies stock in a transaction on Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the completion of the sale, the insider now owns 4,650 shares of the company’s stock, valued at $372,930. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Lowe's Companies by 40.3% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,144,020 shares of the home improvement retailer’s stock worth $1,210,613,000 after purchasing an additional 4,351,830 shares during the period. FMR LLC increased its stake in Lowe's Companies by 62.6% during the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after acquiring an additional 3,732,153 shares during the period. Janus Henderson Group PLC increased its stake in Lowe's Companies by 1,457.8% during the second quarter. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer’s stock valued at $293,669,000 after acquiring an additional 3,544,665 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in Lowe's Companies by 2,147.5% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 2,509,600 shares of the home improvement retailer’s stock valued at $200,617,000 after acquiring an additional 2,397,937 shares during the period. Finally, Alyeska Investment Group L.P. increased its stake in Lowe's Companies by 196.8% during the third quarter. Alyeska Investment Group L.P. now owns 3,284,209 shares of the home improvement retailer’s stock valued at $262,540,000 after acquiring an additional 2,177,496 shares during the period. Institutional investors own 73.12% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece of content was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.com-unik.info/2018/01/06/lowes-companies-low-upgraded-to-overweight-by-barclays.html.
About Lowe's Companies
Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
What are top analysts saying about Lowe's Companies? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Lowe's Companies and related companies.