Lowes Companies (LOW) : Analyst Rating Update

Lowes Companies (LOW) : The consensus on Lowes Companies (LOW) based on 17 analyst recommendation on the company stock is 1.68, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Lowes Companies (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.

Lowes Companies (NYSE:LOW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $79.40 and $79.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $80.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $80.09, notching a gain of 0.84% for the day. The total traded volume was 4,372,814 . The stock had closed at $79.42 on the previous day.

Also, BTIG Research initiates coverage on Lowes Companies (NYSE:LOW) The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $90 per share. The rating by the firm was issued on June 1, 2016. The company shares have rallied 19.37% from its 1 Year high price. On Jun 2, 2016, the shares registered one year high at $79.60 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $78.73 and the 200 Day Moving Average price is recorded at $74.24.

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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