Lowe’s Companies, Inc. (NYSE:LOW) registered a 0.03% increase, still its new closing price is 19.07% up from the company’s 1 year high of 82.48.It posted 2.58% gains in previous 5 sessions and is now the subject of 13 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 11 buy or better ratings. The 31 stock analysts following this company have an average price target at $81.20, with individual PT in the $66.00-$95.00 range. The shares moved at $73.25, implying that brokerage firms see shares gaining about 7.70% in twelve months time.
Lowe’s Companies, Inc. (LOW) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 3.50% rise year to date. A COO at Lowe’s Companies, Inc. (LOW) offloaded shares in a transaction closed on Friday December 09, 2016. DAMRON RICKY D sold 17,225 shares in the company at $74.83 each and collected $1,288,001 in proceeds. DAMRON RICKY D now owns 112,159 shares in the company after this transaction. A SVP Chief Accounting Officer in the company, Hollifield Matthew V, disclosed a transaction on Thursday December 01, 2016 that ended up generating $183,000 from the sale of 2,609 shares at $70.29 per share.
Lowe’s Companies, Inc. (NYSE:LOW) Upcoming Results on Tap
Lowe’s Companies, Inc. will next provide financial results for the April 2017 quarter. Stock analysts expect it to report per-share earnings of $1.02 in that period. Sales during the quarter are predicted to arrive at $16.54 billion.
Earnings surprise history: Last quarter, the company posted approximately $15.74 billion in revenue and EPS of $0.88. The mean forecast was for $15.86 billion and $0.96 a share, respectively. One quarter earlier, revenue for the stock was at $18.26 billion, with earnings at $1.37/share.
Lowe’s Companies, Inc. (LOW) Brokerage Update
Lowe’s Companies, Inc. (LOW) is in Citigroup’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Buy by Citigroup, according to news reported on Monday December 19, 2016.Another important research note was issued by Telsey Advisory Group on Thursday November 17, 2016.The firm downgraded LOW to Market Perform from Outperform. Over the last six months and over the last three months, the shares of Lowe’s Companies, Inc. (LOW), have changed -10.09% and 9.26%, respectively.