Piper Sandler Issues Pessimistic Forecast for Lowe's Companies (NYSE:LOW) Stock Price

Lowe's Companies (NYSE:LOW - Get Free Report) had its price target reduced by investment analysts at Piper Sandler from $296.00 to $269.00 in a research report issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the home improvement retailer's stock. Piper Sandler's price objective indicates a potential upside of 16.65% from the company's current price.

Several other research analysts have also recently weighed in on the company. Evercore ISI raised their target price on Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research note on Thursday, December 12th. Truist Financial lowered their price objective on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Bank of America cut their target price on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Stifel Nicolaus lifted their price target on shares of Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Wednesday, December 11th. Finally, Mizuho cut their price objective on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $279.71.

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Lowe's Companies Stock Down 1.0 %

Lowe's Companies stock traded down $2.28 during trading hours on Monday, hitting $230.61. 2,476,794 shares of the company traded hands, compared to its average volume of 2,280,569. The firm's 50-day simple moving average is $247.26 and its two-hundred day simple moving average is $257.71. The firm has a market cap of $130.21 billion, a P/E ratio of 19.23, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe's Companies has a 1-year low of $211.80 and a 1-year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to analysts' expectations of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, equities research analysts predict that Lowe's Companies will post 11.9 earnings per share for the current year.

Institutional Investors Weigh In On Lowe's Companies

Several large investors have recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe's Companies in the third quarter worth about $27,000. IFS Advisors LLC bought a new position in shares of Lowe's Companies in the 4th quarter valued at approximately $25,000. Wood Tarver Financial Group LLC acquired a new stake in Lowe's Companies in the 4th quarter worth approximately $25,000. Marshall Investment Management LLC bought a new stake in Lowe's Companies during the fourth quarter worth approximately $31,000. Finally, Winch Advisory Services LLC grew its holdings in Lowe's Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 74.06% 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. 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.