Lowe’s Companies, Inc. (NYSE:LOW) Given Consensus Recommendation of “Moderate Buy” by Analysts

Lowe’s Companies, Inc. (NYSE:LOW) has been given a consensus recommendation of “Moderate Buy” by the twenty-four brokerages that are currently covering the company, Marketbeat reports. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $282.96.

Several analysts have issued reports on the company. Barclays boosted their target price on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Guggenheim reiterated a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Mizuho boosted their price objective on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th.

Insider Transactions at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On Lowe’s Companies

Hedge funds and other institutional investors have recently modified their holdings of the company. AMF Tjanstepension AB lifted its stake in shares of Lowe’s Companies by 14.4% in the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after acquiring an additional 20,123 shares during the last quarter. Creative Planning lifted its stake in shares of Lowe’s Companies by 9.0% in the 3rd quarter. Creative Planning now owns 222,818 shares of the home improvement retailer’s stock valued at $59,002,000 after acquiring an additional 18,383 shares during the last quarter. Oxinas Partners Wealth Management LLC bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at about $234,000. Brady Family Wealth LLC lifted its stake in shares of Lowe’s Companies by 1.0% in the 3rd quarter. Brady Family Wealth LLC now owns 42,584 shares of the home improvement retailer’s stock valued at $11,534,000 after acquiring an additional 434 shares during the last quarter. Finally, Lynch & Associates IN lifted its stake in shares of Lowe’s Companies by 0.3% in the 3rd quarter. Lynch & Associates IN now owns 25,040 shares of the home improvement retailer’s stock valued at $6,782,000 after acquiring an additional 86 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

Shares of LOW opened at $251.88 on Thursday. The firm has a market cap of $142.23 billion, a PE ratio of 21.01, a PEG ratio of 2.04 and a beta of 1.11. The stock’s fifty day moving average price is $255.37 and its two-hundred day moving average price is $258.59. Lowe’s Companies has a 1 year low of $211.80 and a 1 year high of $287.01.

About Lowe’s Companies

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