Better Times Ahead For Lowe’s Cos., Inc. (NYSE: LOW)?

Lowe’s Cos., Inc. (LOW) concluded trading on Wednesday at a closing price of $240.70, with 3.14 million shares of worth about $756.64 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.99% during that period and on April 3, 2024 the price saw a loss of about -1.53%. Currently the company’s common shares owned by public are about 574.00M shares, out of which, 571.65M shares are available for trading.

However, the stock later moved at a day high price of 244.14, or with a loss of -1.53%. Stock saw a price change of -4.26% in past 5 days and over the past one month there was a price change of -0.58%. Year-to-date (YTD), LOW shares are showing a performance of 8.16% which increased to 20.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $181.85 but also hit the highest price of $262.49 during that period. The average intraday trading volume for Lowe’s Cos., Inc. shares is 2.59 million. The stock is currently trading -2.88% below its 20-day simple moving average (SMA20), while that difference is up 2.94% for SMA50 and it goes to 9.74% higher than SMA200.

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Lowe’s Cos., Inc. (NYSE: LOW) currently have 574.00M outstanding shares and institutions hold larger chunk of about 76.52% of that.

The stock has a current market capitalization of $137.72B and its 3Y-monthly beta is at 1.13. PE ratio of stock for trailing 12 months is 18.28, while it has posted earnings per share of $13.17 in the same period. Its PEG reads 3.52 and has Quick Ratio of 0.14. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LOW, volatility over the week remained 1.65% while standing at 1.64% over the month.

Analysts are in expectations that Lowe’s Cos., Inc. (LOW) stock would likely to be making an EPS of $2.93 in the current quarter, while forecast for next quarter EPS is $4.17 and it is $13.44 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.82 which is $3 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $3.67 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -7.10% while it is estimated to increase by 10.45% in next year. EPS is likely to shrink at an annualized rate of 5.20% for next 5-years, compared to annual growth of 35.96% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Gordon Haskett on Apr-04-24 offering a Hold rating for the stock and assigned a target price of $245 to it. Coverage by DA Davidson stated Lowe’s Cos., Inc. (LOW) stock as a Neutral in their note to investors on March 27, 2024, suggesting a price target of $270 for the stock. On March 19, 2024, Mizuho Initiated their recommendations, while on February 12, 2024, JP Morgan Upgrade their ratings for the stock with a price target of $265. Stock get a Perform rating from Oppenheimer on January 22, 2024.

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