Lowe’s Cos., Inc. (LOW) concluded trading on Thursday at a closing price of $235.44, with 2.49 million shares of worth about $587.26 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.12% during that period and on April 11, 2024 the price saw a loss of about -0.73%. Currently the company’s common shares owned by public are about 574.00M shares, out of which, 571.55M shares are available for trading.
However, the stock later moved at a day high price of 242.16, or with a loss of -0.73%. Stock saw a price change of -1.08% in past 5 days and over the past one month there was a price change of -3.21%. Year-to-date (YTD), LOW shares are showing a performance of 5.79% which increased to 16.94% 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 -4.86% below its 20-day simple moving average (SMA20), while that difference is down -0.69% for SMA50 and it goes to 6.98% 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 77.88% of that.
The stock has a current market capitalization of $134.71B and its 3Y-monthly beta is at 1.13. PE ratio of stock for trailing 12 months is 17.88, while it has posted earnings per share of $13.17 in the same period. Its PEG reads 3.44 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 1.91% while standing at 1.91% over the month.
Stock’s fiscal year EPS is expected to drop by -7.10% while it is estimated to increase by 10.49% 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 April 03, 2024 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.
