Lowe’s Cos., Inc. [NYSE: LOW] gained 0.86% on the last trading session, reaching $243.04 price per share at the time.
If compared to the average trading volume of 2.51M shares, LOW reached a trading volume of 3943795 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Lowe’s Cos., Inc. [LOW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LOW shares is $250.18 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 2.32. 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.
Gordon Haskett have made an estimate for Lowe’s Cos., Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 03, 2024. The new note on the price target was released on March 27, 2024, representing the official price target for Lowe’s Cos., Inc. stock. Previously, the target price had yet another raise to $280, while Mizuho analysts kept a Buy rating on LOW stock. On February 12, 2024, analysts increased their price target for LOW shares from 210 to 265.
The Average True Range (ATR) for Lowe’s Cos., Inc. is set at 5.22, with the Price to Sales ratio for LOW stock in the period of the last 12 months amounting to 1.62. Price to Free Cash Flow for LOW in the course of the last twelve months was 16.63 with Quick ratio for the last quarter at 0.23.
Trading performance analysis for LOW stock
Lowe’s Cos., Inc. [LOW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.10. With this latest performance, LOW shares gained by 8.82% in over the last four-week period, additionally plugging by 10.26% over the last 6 months – not to mention a rise of 6.61% 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 71.35, with the RSI for the last a single of trading hit 78.65, and the three-weeks RSI is set at 65.84 for Lowe’s Cos., Inc. [LOW]. The present Moving Average for the last 50 days of trading for this stock 224.16, while it was recorded at 236.00 for the last single week of trading, and 220.31 for the last 200 days.
Lowe’s Cos., Inc. [LOW]: A deeper dive into fundamental analysis
Lowe’s Cos., Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.23 and a Current Ratio set at 1.17.
Lowe’s Cos., Inc. [LOW]: An earnings per share (EPS) analysis
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 Cos., Inc. go to 4.00%.
An analysis of Institutional ownership at Lowe’s Cos., Inc. [LOW]
The top three institutional holders of LOW stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in LOW stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in LOW stock with ownership which is approximately 5.1238%.
