HomeMost PopularSurpassing Expectations: Lowe's Companies Inc. Hits Analyst Target Price

Surpassing Expectations: Lowe’s Companies Inc. Hits Analyst Target Price

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As trading unfolded recently, Lowe’s Companies Inc (Symbol: LOW) saw its shares leapfrog over the average analyst 12-month target price of $237.25, settling at $238.80/share. When a stock attains a target set by an analyst, the expert typically encounters two choices: downgrade based on valuation or recalibrate the target to a loftier mark. Their response might also hinge on fundamental business advancements propelling the stock price upward β€” if the company’s prospects are brightening, perhaps it’s time to readjust that target price upward.

In the sphere of Lowe’s Companies Inc, a total of 24 different analyst targets within the Zacks coverage universe play a role in shaping that average figure. However, one must not forget that the average is merely a numerical mean. Within this spectrum, there are analysts who espouse lower targets than the average, with one eyeing a price of $190.00. On the flip side, there’s also an analyst who envisages a lofty target of $289.00. Noteworthy is the standard deviation of $21.474.

Delving into the average LOW price target holds merit precisely as it taps into the concept of a β€œwisdom of crowds” endeavor. Here, all individual assessments culminate in the ultimate number, juxtaposed against what a solitary expert perceives. Therefore, with LOW surpassing the average target price of $237.25/share, investors in this company receive a clear indication to devote fresh time toward evaluating the company and pondering whether $237.25 merely serves as an interim milestone on the journey to a yet higher target, or if the valuation has reached a stretch where it’s prudent to contemplate taking some profits off the table. Presented below is a tableau outlining the current sentiments of analysts covering Lowe’s Companies Inc:

Recent LOW Analyst Ratings Breakdown
Β» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 14 13 14 15
Buy ratings: 1 1 1 1
Hold ratings: 12 13 12 11
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 1.91 1.98 1.91 1.83

The mean rating depicted in the final row of the above chart spans from 1 to 5, where 1 denotes Strong Buy and 5 indicates Strong Sell. This piece derives its data from Zacks Investment Research via Quandl.com. Obtain the most recent Zacks research report on LOW β€” FREE.

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The insights and opinions articulated herein represent those of the author and may not necessarily mirror those of Nasdaq, Inc.

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