Why Lowe's Companies, Inc. (NYSE:LOW) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $87.4600 on Lowe's Companies, Inc. (NYSE:LOW) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.0600 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Lowe's Companies, Inc. (NYSE:LOW) stands at 25.4693.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Lowe’s Companies, Inc. Common S, the PEG ratio for coming 3-5 years is 1.1600.

Technical Analysis

The technical analysis highlights that Lowe’s Companies, Inc. Common S current is trading $-4.6269 points away or -5.7044% from its 50-day moving average of $81.1111. Further it is trading $0.3240 or +0.4254% away its 200-day moving average of $76.1602.

The 52-week high of Lowe's Companies, Inc. (NYSE:LOW) was $83.6500 while lowest point recorded in 52-week was $62.6200. It implies if stock price makes a movement of over $-7.1658, it will record a new 52-week high. In the case of +22.1402% drop, it will touch a new 52-week low.

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