Lowes Companies (LOW) : 17 analysts are covering Lowes Companies (LOW) and their average rating on the stock is 1.68, which is read as a Buy. 10 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 (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 (LOW) : The highest short term price target forecast on Lowes Companies (LOW) is $100 and the lowest target price is $75. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $86.93 with a standard deviation of $6.2.
For the current week, the company shares have a recommendation consensus of Buy. Lowes Companies (NYSE:LOW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $81.57 and $80.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $82.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.61, notching a gain of 0.78% for the day. The total traded volume was 4,117,746 . The stock had closed at $80.98 on the previous day.
In a related news, 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.