Lowe’s Cos., Inc. (NYSE: LOW) Stock: Performance And Outlook

In the latest trading session, 2.34 million Lowe’s Cos., Inc. (NYSE:LOW) shares changed hands as the company’s beta touched 1.05. With the company’s most recent per share price at $200.01 changed hands at -$4.43 or -2.17% at last look, the market valuation stands at $115.43B. LOW’s current price is a discount, trading about -18.6% off its 52-week high of $237.21. The share price had its 52-week low at $181.85, which suggests the last value was 9.08% up since then. When we look at Lowe’s Cos., Inc.’s average trading volume, we note the 10-day average is 2.92 million shares, with the 3-month average coming to 2.71 million.

Analysts gave the Lowe’s Cos., Inc. (LOW) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.14. If we narrow down to specifics, the data shows that 2 out of 36 analysts rate the stock as a Sell, with a further 3 assigning it an Overweight rating. Of the remaining, 15 recommended LOW as a Hold, 16 felt it is a Buy and 0 rated the stock as Underweight. Lowe’s Cos., Inc.’s EPS for the current quarter is expected to be $3.03.

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Lowe’s Cos., Inc. (NYSE:LOW) trade information

Instantly LOW was in red as seen in intraday trades today. With action -1.10%, the performance over the past five days has been red. The drop to weekly highs of 206.26 on Monday, 11/20/23 subtracted -2.17% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.39%, with the 5-day performance at -1.10% in the red. However, in the 30-day time frame, Lowe’s Cos., Inc. (NYSE:LOW) is 6.17% up. Looking at the short shares, we see there were 10.79 million shares sold at short interest cover period of 4.41 days.

The consensus price target for the stock as assigned by Wall Street analysts is $233.98, meaning bulls need an upside of 14.52% from its recent market value. According to analyst projections, LOW’s forecast low is $180.00 with $290.00 as the target high. To hit the forecast high, the stock’s price needs a -44.99% plunge from its current level, while the stock would need to tank 10.0% for it to hit the projected low.

Lowe’s Cos., Inc. (LOW) estimates and forecasts

Data shows that the Lowe’s Cos., Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -3.21% over the past 6 months, a -4.18% in annual growth rate that is considerably higher than the industry average of -6.90%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Lowe’s Cos., Inc. will fall -7.30%, while the growth in revenue is estimated to hit -13.60% for the next quarter. Year-over-year growth is forecast to reach -9.80% down from the last financial year.

Consensus estimates given by 24 financial analysts project the company’s revenue in the current quarter to hit an average of $20.88 billion. 24 analysts are of the opinion that Lowe’s Cos., Inc.’s revenue for the quarter ending Jan 2024 will be $19.28 billion. The estimates for the next quarter sales put growth at -14.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 19.98%. The 2023 estimates are for Lowe’s Cos., Inc. earnings to decrease by -3.48%, but the outlook for the next 5-year period is at 5.50% per year.

LOW Dividends

Lowe’s Cos., Inc. is expected to release its next quarterly earnings report on November 21. The 2.18% annual yield figure for the share gives it an annual dividend of 4.37. It is important to note, however, that the 2.18% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

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