Lowe’s Cos., Inc [NYSE: LOW] loss -2.48% or -5.67 points to close at $222.66 with a heavy trading volume of 3191636 shares.
The daily chart for LOW points out that the company has recorded -9.99% loss over the past six months.
If we look at the average trading volume of 2.46M shares, LOW reached to a volume of 3191636 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $281.26 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 2.13. 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.
Telsey Advisory Group have made an estimate for Lowe’s Cos., Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 08, 2024. While these analysts kept the previous recommendation, Bernstein raised their target price to Outperform. The new note on the price target was released on October 22, 2024, representing the official price target for Lowe’s Cos., Inc stock. Previously, the target price had yet another raise from $250 to $300, while Loop Capital kept a Buy rating on LOW stock. On October 02, 2024, analysts increased their price target for LOW shares from 230 to 275.
The Average True Range (ATR) for Lowe’s Cos., Inc is set at 6.24, with the Price to Sales ratio for LOW stock in the period of the last 12 months amounting to 1.50. Price to Free Cash Flow for LOW in the course of the last twelve months was 16.33 with Quick ratio for the last quarter at 0.16.
Trading performance analysis for LOW stock
Lowe’s Cos., Inc [LOW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.56. With this latest performance, LOW shares dropped by -13.37% in over the last four-week period, additionally sinking by -9.99% over the last 6 months – not to mention a drop of -7.59% 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 26.36, with the RSI for the last a single of trading hit 20.26, and the three-weeks RSI is set at 30.63 for Lowe’s Cos., Inc [LOW]. The present Moving Average for the last 50 days of trading for this stock 250.30, while it was recorded at 233.74 for the last single week of trading, and 249.55 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 0.16 and a Current Ratio set at 1.09.
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 7.55%.
An analysis of Institutional ownership at Lowe’s Cos., Inc [LOW]
There are presently around $77.92%, or 78.01%% of LOW stock, in the hands of institutional investors. The top three institutional holders of LOW stocks are: VANGUARD GROUP INC with ownership of 53.95 million shares, which is approximately 9.4479%. BLACKROCK INC., holding 38.43 million shares of the stock with an approximate value of $$8.47 billion in LOW stocks shares; and BLACKROCK INC., currently with $$5.5 billion in LOW stock with ownership which is approximately 4.3944%.
