Investors are poised to add Lowe’s Cos., Inc. (LOW) Stock to their long term portfolios

Lowe’s Cos., Inc. [LOW] stock prices are up 1.80% to $280.73 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The LOW shares have gain 4.54% over the last week, with a monthly amount glided 9.91%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Lowe’s Cos., Inc. [NYSE: LOW] stock has seen the most recent analyst activity on October 09, 2024, when Loop Capital upgraded its rating to a Buy and also boosted its price target to $300 from $250. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on October 02, 2024, and elevated its price target to $275. On September 24, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $305 on the stock. Gordon Haskett downgraded its rating to a Hold but stick to its price target of $245 on April 03, 2024. DA Davidson downgraded its rating to a Neutral but $270 remained the price target by the analyst firm on March 27, 2024. Mizuho started tracking with a Buy rating for this stock on March 19, 2024, and assigned it a price target of $280. In a note dated February 12, 2024, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $210 to $265.

The stock price of Lowe’s Cos., Inc. [LOW] has been fluctuating between $181.85 and $278.10 over the past year. Currently, Wall Street analysts expect the stock to reach $256 within the next 12 months. Lowe’s Cos., Inc. [NYSE: LOW] shares were valued at $280.73 at the most recent close of the market. An investor can expect a potential drop of -8.81% based on the average LOW price forecast.

Analyzing the LOW fundamentals

The Lowe’s Cos., Inc. [NYSE:LOW] reported sales of 84.02B for trailing twelve months, representing a drop of -5.49%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is -0.47 and Total Capital is 0.4. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.65.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 277.03 points at the first support level, and at 273.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 282.92, and for the 2nd resistance point, it is at 285.10.

Ratios To Look Out For

It’s worth pointing out that Lowe’s Cos., Inc. [NYSE:LOW]’s Current Ratio is 1.22. In addition, the Quick Ratio stands at 0.30 and the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 1.90 and price to earnings (TTM) ratio is 23.27.

Transactions by insiders

Recent insider trading involved McFarland Joseph Michael, EVP, Stores, that happened on Oct 03 ’24 when 4000.0 shares were sold. EVP, Chief Information Officer, Godbole Seemantini completed a deal on Oct 03 ’24 to sell 26186.0 shares. Meanwhile, Officer McFarland Joseph Michael bought 4000.0 shares on Oct 03 ’24.

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