Cleveland Research downgraded Lowe's Companies, Inc. (NYSE:LOW) to Neutral in a report released today.
- Updated: October 8, 2016
Cleveland Research has downgraded Lowe's Companies, Inc. (NYSE:LOW) to Neutral in a report released on 10/6/2016.
Just yesterday Lowe's Companies, Inc. (NYSE:LOW) traded -1.10% lower at $72.25. Lowe's Companies, Inc.’s 50-day moving average is $73.71 and its 200-day moving average is $77.26. The last stock price is down -7.71% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 5,418,472 shares of LOW traded hands, up from an average trading volume of 5,097,270
Recent Performance Chart
Lowe's Companies, Inc. has 52 week low of $62.62 and a 52 week high of $83.65 with a PE ratio of 23.11 and has a market capitalization of $0.
In addition to Cleveland Research reporting its stock price target, a total of 23 brokerages have issued a ratings update on the company. The average stock price target is $86.43 with 9 brokerages rating the stock a strong buy, 13 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Lowe's Companies, Inc. (NYSE:LOW)
Lowe's Companies, Inc. (Lowe's) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico. The Company operates through the home improvement retail operations segment. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal Living; Paint; Flooring; Millwork; Kitchens; Outdoor Power Equipment, and Home Fashions.
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