StockNews.com Upgrades Lowe's Companies (NYSE:LOW) to "Buy"

Lowe's Companies (NYSE:LOW - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Friday.

Other analysts also recently issued research reports about the stock. Wedbush reissued a "neutral" rating and set a $250.00 target price on shares of Lowe's Companies in a research report on Thursday, December 12th. Piper Sandler increased their price objective on shares of Lowe's Companies from $262.00 to $307.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. DA Davidson boosted their target price on shares of Lowe's Companies from $240.00 to $270.00 and gave the company a "neutral" rating in a report on Wednesday, November 20th. Stifel Nicolaus increased their price target on Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. Finally, Mizuho lifted their price objective on Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, Lowe's Companies currently has an average rating of "Moderate Buy" and an average target price of $280.85.

Lowe's Companies Stock Performance

Shares of LOW stock traded up $2.61 on Friday, hitting $261.39. The company had a trading volume of 2,758,504 shares, compared to its average volume of 2,379,644. Lowe's Companies has a twelve month low of $209.55 and a twelve month high of $287.01. The firm has a market cap of $147.59 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.08 and a beta of 1.11. The stock's 50-day moving average is $260.29 and its two-hundred day moving average is $253.98.

Insider Buying and Selling at Lowe's Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.26% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Crew Capital Management Ltd. boosted its position in shares of Lowe's Companies by 1.0% during the third quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer's stock valued at $1,049,000 after buying an additional 37 shares during the last quarter. Summit Place Financial Advisors LLC lifted its stake in Lowe's Companies by 2.8% during the 3rd quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer's stock valued at $372,000 after acquiring an additional 37 shares during the period. Clean Yield Group boosted its holdings in shares of Lowe's Companies by 2.4% during the 3rd quarter. Clean Yield Group now owns 1,599 shares of the home improvement retailer's stock valued at $433,000 after acquiring an additional 38 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its stake in shares of Lowe's Companies by 0.5% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer's stock worth $2,021,000 after acquiring an additional 40 shares during the period. Finally, Chapin Davis Inc. raised its holdings in shares of Lowe's Companies by 1.3% during the third quarter. Chapin Davis Inc. now owns 3,082 shares of the home improvement retailer's stock valued at $835,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 74.06% 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. 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.

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