As of May 17, 2023, Lowe’s Companies, Inc. (NYSE:LOW) is predicted to face challenges due to weakened consumer spending on home improvement. Telsey Advisory Group analyst Joseph Feldman believes that the company will feel the impact of a worsened macroeconomic environment, a shift in spending towards services rather than goods, and homeowners opting for smaller projects with Pros. These factors have already affected Home Depot, Inc. (NYSE:HD) during the last quarter. Additionally, a slow start to the spring selling season caused by unfavorable weather and lumber price deflation is expected to weigh on the stock. The industry trends supporting home improvement spending have also deteriorated, with a decline in home sales and a slowdown in home price appreciation.

Despite this outlook, other analysts have a more positive view of Lowe’s Companies, Inc.’s future stock performance. According to MarketBeat, 30 analysts have a median target of $223.46 for the next 12 months, with a high estimate of $275.00 and a low estimate of $159.00. CNNMoney.com reports that the median target is $229.00, with a high estimate of $290.00 and a low estimate of $151.00. Wall Street Zen predicts that the average 12-month price target for Lowe’s Companies Inc is $225.46. StockAnalysis.com reports that the average 12-month stock price forecast for LOW stock is $224.14, according to 22 stock analysts. Finally, Financhill.com reports that over the past 50 years, Lowe’s Companies has historically risen by an average of 18.1% over the next 52 weeks.

LOW

Updated on: 17/05/2023

Financial Health

Neutral



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Price Target

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Concensus $0.00


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Lowes Companies, Inc. (LOW) Stock Performance and Industry Analysis – May 17, 2023

On May 17, 2023, the stock performance of Lowe’s Companies, Inc. (LOW) opened at 199.25, with a day’s range between 199.07 and 206.71, and a volume of 2,334,424 shares traded. The market capitalization for LOW was $121.2B. The earnings growth for the last year was -15.57%, and for this year was -0.88%. The P/E ratio for LOW was 20.3, and the price/sales ratio was 1.40. Builders FirstSource and Floor & Decor Holdings saw increases in their stock prices, while Sulja Bros Building had no change, and Home Depot saw a significant increase in their stock price. LOW’s next reporting date is on May 23, 2023, with an EPS forecast of $3.45. The net profit margin for LOW was 6.61%. LOW is in the retail trade sector and is part of the home improvement chains industry.

Lowes Companies Inc Stock Decreases, But Analysts Remain Optimistic for the Future

On May 17, 2023, Lowe’s Companies Inc (LOW) experienced a decrease in stock performance. The stock closed at $206.69, which was a 1.33% decrease from the previous day’s closing price of $209.38.

Despite the decrease in stock performance on May 17, 2023, analysts remain optimistic about the future of Lowe’s Companies Inc. According to CNN Money, the 30 analysts offering 12-month price forecasts for the company have a median target of $226.50, with a high estimate of $290.00 and a low estimate of $151.00.

Additionally, the current consensus among 35 polled investment analysts is to buy stock in Lowe’s Companies Inc. This rating has held steady since April, when it was unchanged from a buy rating.

Looking ahead, Lowe’s Companies Inc is set to report its current quarter earnings on May 23, 2023. The company is expected to report earnings per share of $3.45 and sales of $21.7 billion.

In conclusion, while Lowe’s Companies Inc experienced a decrease in stock performance on May 17, 2023, analysts remain optimistic about the company’s future prospects. With a median target price of $226.50 and a consensus buy rating, investors may want to consider adding Lowe’s Companies Inc to their portfolio.