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 3, which recommends a Hold 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) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $100 and the lowest price target forecast is $75. The average forecast of all the analysts is $87.33 and the expected standard deviation is $6.43.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the BMO Capital maintains the rating on Lowes Companies (NYSE:LOW). The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency raises the 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): stock was range-bound between the intraday low of $75.01 and the intraday high of $76 after having opened at $75.97 on Wednesdays session. The stock finally closed in the red at $75.97, a loss of -0.75%. The stock remained in the red for the whole trading day. The total traded volume was 5,481,079 shares. The stock failed to cross $76 in Wednesdays trading. The stocks closing price on Thursday was $76.01.
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.