Short Term Price Target on Lowes Companies (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.

Shares of Lowes Companies, Inc. appreciated by 0.76% during the last five trading days but lost 1.37% on a 4-week basis. Lowes Companies, Inc. is up 3.87% in the last 3-month period. Year-to-Date the stock performance stands at 4.91%. Also, BTIG Research initiates coverage on Lowes Companies (NYSE:LOW). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $90 per share. The rating by the firm was issued on June 1, 2016.

Lowes Companies (NYSE:LOW) : 18 analysts are covering Lowes Companies (NYSE:LOW) and their average rating on the stock is 1.64, which is read as a Buy. 11 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Lowes Companies (NYSE:LOW) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Lowes Companies (NYSE:LOW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.76 and $77.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.17, notching a gain of 1.81% for the day. The total traded volume was 7,606,592 . The stock had closed at $77.76 on the previous day.

In an insider trading activity, Maltsbarger Richard D, officer (CDO & President, Intl) of Lowes Companies Inc, unloaded 12,656 shares at an average price of $80.21 on May 31, 2016. The total amount of the transaction was worth $1,015,138, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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