Is There More Upside Ahead For Lowe’s Cos., Inc (NYSE: LOW)

Lowe’s Cos., Inc (LOW) concluded trading on Thursday at a closing price of $244.52, with 4.14 million shares of worth about $1.01 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.97% during that period and on December 19, 2024 the price saw a loss of about -2.12%. Currently the company’s common shares owned by public are about 565.00M shares, out of which, 563.62M shares are available for trading.

Stock saw a price change of -7.20% in past 5 days and over the past one month there was a price change of -5.69%. Year-to-date (YTD), LOW shares are showing a performance of 9.87% which increased to 8.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $209.55 but also hit the highest price of $287.01 during that period. The average intraday trading volume for Lowe’s Cos., Inc shares is 2.33 million. The stock is currently trading -8.38% below its 20-day simple moving average (SMA20), while that difference is down -9.13% for SMA50 and it goes to -0.62% lower than SMA200.

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Lowe’s Cos., Inc (NYSE: LOW) currently have 565.00M outstanding shares and institutions hold larger chunk of about 76.63% of that.

The stock has a current market capitalization of $138.07B and its 3Y-monthly beta is at 1.10. PE ratio of stock for trailing 12 months is 20.40, while it has posted earnings per share of $11.99 in the same period. Its PEG reads 9.63 and has Quick Ratio of 0.23. 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 2.13% while standing at 1.85% over the month.

Stock’s fiscal year EPS is expected to drop by -9.18% while it is estimated to increase by 4.97% in next year. EPS is likely to shrink at an annualized rate of 2.12% 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 Telsey Advisory Group on November 08, 2024 offering an Outperform rating for the stock and assigned a target price range of between $275 and $305 to it. Coverage by Bernstein stated Lowe’s Cos., Inc (LOW) stock as an Outperform in their note to investors on October 22, 2024, suggesting a price target of $323 for the stock. On October 09, 2024, Loop Capital Upgrade their recommendations, while on October 02, 2024, Telsey Advisory Group Reiterated their ratings for the stock with a price target of $275. Stock get an Outperform rating from Oppenheimer on September 24, 2024.

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