Price Target Update on Lowes Companies (NYSE:LOW)

Lowes Companies (NYSE:LOW) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $94 and the lowest price target forecast is $75. The average forecast of all the analysts is $85.67 and the expected standard deviation is $5.21.

Other Equity analysts have also commented on the company shares. BTIG Research initiates coverage on Lowes Companies (NYSE:LOW). The shares have now been rated Buy by the stock experts at the ratings house. BTIG Research announces the current price target of $90 per share on Lowes Companies . The rating by the firm was issued on June 1, 2016.

Lowes Companies (NYSE:LOW): stock turned positive on Thursday. Though the stock opened at $78.96, the bulls momentum made the stock top out at $79.12 level for the day. The stock recorded a low of $77.96 and closed the trading day at $78.57, in the green by 0.28%. The total traded volume for the day was 3,701,856. The stock had closed at $78.35 in the previous days trading.

The company shares have rallied 12.47% from its 1 Year high price. On Jun 2, 2016, the shares registered one year high at $80.76 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $78.08 and the 200 Day Moving Average price is recorded at $74.11. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Maltsbarger Richard D, officer (CDO & President, Intl) of Lowes Companies Inc, had unloaded 12,656 shares at an average price of $80.21 in a transaction dated on May 31, 2016. The total value of the transaction was worth $1,015,138.

Lowes Companies, Inc. (Lowes) is a home improvement retailer. As of January 30, 2015, Lowes operated 1,840 home improvement and hardware stores, representing approximately 201 million square feet of retail selling space. Lowes is consisted of 1,793 stores located across 50 states in the United States, including 74 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as 37 stores in Canada, and 10 stores in Mexico. It serves homeowners, renters, and professional customers (Pro customers). Its retail customers, consisted of individual homeowners and renters, complete a range of projects. The Pro customer consists of two categories: construction trades, and maintenance, repair and operations. The Company offers a range of products for maintenance, repair, remodeling, and decorating.

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