Market Analysts see Lowe’s Companies Inc. [LOW] gaining to $190. Time to buy?

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Lowe’s Companies Inc. [NYSE: LOW] traded at a high on 07/27/22, posting a 0.70 gain after which it closed the day’ session at $189.92. The company report on July 26, 2022 that LOWE’S LAUNCHES FIRST-EVER “INTO THE BLUE: LOWE’S PRODUCT PITCH EVENT,” INVITING ENTREPRENEURS AND BUSINESSES TO APPLY FOR A CHANCE TO BECOME LOWE’S SUPPLIERS.


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Businesses of all sizes nationwide and internationally are invited to enter Lowe’s largest and most impactful product sourcing event, during which the retailer plans to invest a target of $5 million in purchase orders.

Lowe’s today announced “Into the Blue: Lowe’s Product Pitch Event,” the home improvement retailer’s largest and most impactful product sourcing forum to date. Entrepreneurs and businesses of all sizes can apply for a chance to participate in this first-ever live event, during which Lowe’s plans to invest a target of $5 million in purchase orders* to new suppliers with opportunities for products to be carried within the company’s more than 1,700 retail stores and online at Lowes.com.

The results of the trading session contributed to over 3713805 shares changing hands. Over the past one week, the price volatility of Lowe’s Companies Inc. stands at 2.38% while the volatility over the past one month is 2.56%.

The market cap for LOW stock reached $120.13 billion, with 660.00 million shares outstanding and 638.45 million shares in the current float. Compared to the average trading volume of 3.80M shares, LOW reached a trading volume of 3713805 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Lowe’s Companies Inc. [LOW]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LOW shares is $236.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LOW stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

MKM Partners have made an estimate for Lowe’s Companies Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 23, 2022. While these analysts kept the previous recommendation, Wedbush dropped their target price from $240 to $200. The new note on the price target was released on May 19, 2022, representing the official price target for Lowe’s Companies Inc. stock. Previously, the target price had yet another drop from $250 to $240, while UBS kept a Buy rating on LOW stock. On May 19, 2022, analysts decreased their price target for LOW shares from 283 to 237.

The Average True Range (ATR) for Lowe’s Companies Inc. is set at 4.91, with the Price to Sales ratio for LOW stock in the period of the last 12 months amounting to 1.26. Price to Free Cash Flow for LOW in the course of the last twelve months was 25.12 with Quick ratio for the last quarter at 0.20.

How has LOW stock performed recently?

Lowe’s Companies Inc. [LOW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.58. With this latest performance, LOW shares gained by 3.09% in over the last four-week period, additionally sinking by -17.43% over the last 6 months – not to mention a drop of -1.86% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LOW stock in for the last two-week period is set at 55.80, with the RSI for the last a single of trading hit 57.11, and the three-weeks RSI is set at 53.13 for Lowe’s Companies Inc. [LOW]. The present Moving Average for the last 50 days of trading for this stock 185.59, while it was recorded at 192.49 for the last single week of trading, and 217.69 for the last 200 days.

Lowe’s Companies Inc. [LOW]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Lowe’s Companies Inc. [LOW] shares currently have an operating margin of +12.73 and a Gross Margin at +31.58. Lowe’s Companies Inc.’s Net Margin is presently recorded at +8.74.

Lowe’s Companies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 1.20.

Earnings analysis for Lowe’s Companies Inc. [LOW]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LOW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Lowe’s Companies Inc. go to 9.40%.

Insider trade positions for Lowe’s Companies Inc. [LOW]

There are presently around $93,815 million, or 79.60% of LOW stock, in the hands of institutional investors. The top three institutional holders of LOW stocks are: VANGUARD GROUP INC with ownership of 57,206,471, which is approximately -0.851% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 45,259,386 shares of the stock with an approximate value of $8.6 billion in LOW stocks shares; and STATE STREET CORP, currently with $5.47 billion in LOW stock with ownership of nearly -6.756% of the company’s market capitalization.

981 institutional holders increased their position in Lowe’s Companies Inc. [NYSE:LOW] by around 25,940,672 shares. Additionally, 1,143 investors decreased positions by around 33,038,302 shares, while 323 investors held positions by with 434,990,143 shares. The mentioned changes placed institutional holdings at 493,969,117 shares, according to the latest SEC report filing. LOW stock had 119 new institutional investments in for a total of 1,924,281 shares, while 181 institutional investors sold positions of 4,275,902 shares during the same period.

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