Lowes Companies (LOW) : 10 brokerage houses believe that Lowes Companies (LOW) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Lowes Companies (LOW). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 17 Wall Street Analysts endorse the stock as a Buy with a rating of 1.68.
Lowes Companies (LOW) stock is expected to deviate a maximum of $6.43 from the average target price of $87.33 for the short term period. 15 Street Experts have initiated coverage on the stock with the most promising target being $100 and the most muted being $75.
Also, In a research note released to the investors, BMO Capital maintains its rating on Lowes Companies (NYSE:LOW).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, BMO Capital raises the new price target from $76.43 per share to $86 per share. The rating by the firm was issued on August 22, 2016.
Lowes Companies (NYSE:LOW): After opening at $70.83, the stock dipped to an intraday low of $70.407 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $71.53 and the buying power remained strong till the end. The stock closed at $71.31 for the day, a gain of 0.27% for the day session. The total traded volume was 3,943,371. The stocks close on the previous trading day was $71.12.
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.