Market News

What Can We Expect After Lowe’s (NYSE:LOW)’s Downgrade By Gordon Haskett?

Lowe's Companies, Inc. (NYSE:LOW) Logo

Investors sentiment decreased to 0.76 in Q2 2018. Its down 0.05, from 0.81 in 2018Q1. It dropped, as 60 investors sold Lowe's Companies, Inc. shares while 496 reduced holdings. 128 funds opened positions while 294 raised stakes. 581.37 million shares or 1.04% less from 587.47 million shares in 2018Q1 were reported.

Tiemann Inv Advsr Limited Liability Company has 10,025 shares for 0.77% of their portfolio. Patten & Patten Tn reported 29,359 shares or 0.29% of all its holdings. Benjamin F Edwards & owns 52,943 shares for 0.5% of their portfolio. Rhumbline Advisers has 1.45 million shares. Wetherby Asset Mgmt has 0.21% invested in Lowe's Companies, Inc. (NYSE:LOW). The New York-based Klingenstein Fields has invested 0.07% in Lowe's Companies, Inc. (NYSE:LOW). Massachusetts-based Aureus Asset Mgmt Limited Liability has invested 0.06% in Lowe's Companies, Inc. (NYSE:LOW). Pinnacle Associate Limited accumulated 0.03% or 17,580 shares. Sumitomo Mitsui Asset Mgmt Limited holds 0.08% in Lowe's Companies, Inc. (NYSE:LOW) or 57,919 shares. Rafferty Asset Mngmt Ltd Com has invested 0.02% in Lowe's Companies, Inc. (NYSE:LOW). Jaffetilchin Invest Ptnrs Limited Liability Co holds 0.29% or 13,615 shares in its portfolio. Princeton Strategies Group Inc Limited Liability Corp stated it has 0.12% in Lowe's Companies, Inc. (NYSE:LOW). Eaton Vance accumulated 0.24% or 1.06 million shares. Washington Tru Bancorporation stated it has 905 shares or 0.01% of all its holdings. Addenda Cap reported 0.24% in Lowe's Companies, Inc. (NYSE:LOW).

Since June 8, 2018, it had 1 insider buy, and 2 insider sales for $3.00 million activity. WARDELL LISA W also bought $29,407 worth of Lowe's Companies, Inc. (NYSE:LOW) on Friday, August 24. Shares for $1.23 million were sold by Hollifield Matthew V on Friday, June 8.

Lowe’s (NYSE:LOW) Receives a Downgrade

The Rating of Lowe’s (NYSE:LOW) shares have been downgraded by Gordon Haskett from a Accumulate rating to a Hold rating in analysts report made public on 8 November.

Lowe's Companies, Inc. (NYSE:LOW) Ratings Coverage

Among 14 analysts covering Lowe’s (NYSE:LOW), 12 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. Lowe’s has $130 highest and $9200 lowest target. $112.71’s average target is 13.31% above currents $99.47 stock price. Lowe’s had 20 analyst reports since May 22, 2018 according to SRatingsIntel. As per Thursday, August 23, the company rating was maintained by Robert W. Baird. Robert W. Baird maintained Lowe's Companies, Inc. (NYSE:LOW) rating on Tuesday, May 22. Robert W. Baird has “Buy” rating and $11000 target. As per Wednesday, October 17, the company rating was downgraded by Credit Suisse. The company was maintained on Tuesday, July 24 by KeyBanc Capital Markets. The firm earned “Buy” rating on Friday, September 28 by SunTrust. Bank of America maintained Lowe's Companies, Inc. (NYSE:LOW) rating on Thursday, August 23. Bank of America has “Buy” rating and $126 target. The stock of Lowe's Companies, Inc. (NYSE:LOW) has “Neutral” rating given on Monday, October 15 by Wedbush. The stock of Lowe's Companies, Inc. (NYSE:LOW) has “Buy” rating given on Thursday, August 23 by UBS. The company was maintained on Thursday, August 23 by Citigroup. Citigroup upgraded Lowe's Companies, Inc. (NYSE:LOW) rating on Tuesday, October 23. Citigroup has “Buy” rating and $112 target.

The stock decreased 1.12% or $1.13 during the last trading session, reaching $99.47. About 4.86M shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 45.36% since November 9, 2017 and is uptrending. It has outperformed by 29.74% the S&P500.

Analysts await Lowe's Companies, Inc. (NYSE:LOW) to report earnings on November, 20. They expect $1.02 earnings per share, down 2.86 % or $0.03 from last year’s $1.05 per share. LOW’s profit will be $827.22 million for 24.38 P/E if the $1.02 EPS becomes a reality. After $2.07 actual earnings per share reported by Lowe's Companies, Inc. for the previous quarter, Wall Street now forecasts -50.72 % negative EPS growth.

LoweÂ’s Companies, Inc. operates as a home improvement firm in the United States, Canada, and Mexico. The company has market cap of $80.67 billion. It offers a line of products for maintenance, repair, remodeling, and decorating. It has a 20.92 P/E ratio. The firm provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal living, lawn and garden, paint, millwork, flooring, kitchens, outdoor power equipment, and home fashions.

More notable recent Lowe's Companies, Inc. (NYSE:LOW) news were published by: Fool.com which released: “Home Depot Earnings: What to Watch” on November 08, 2018, also Streetinsider.com with their article: “Gordon Haskett Downgrades Lowe’s (LOW) to Hold” published on November 08, 2018, Seekingalpha.com published: “Floor And Decor And Lumber Liquidators Are Two Undervalued Specialty Retail Names” on November 08, 2018. More interesting news about Lowe's Companies, Inc. (NYSE:LOW) were released by: Benzinga.com and their article: “Credit Suisse Downgrades Home Depot, Lowe’s On Reduced Upside Projections” published on October 17, 2018 as well as Seekingalpha.com‘s news article titled: “Lowe’s Store Closings A Wise Move” with publication date: November 06, 2018.

Lowe's Companies, Inc. (NYSE:LOW) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*