Morgan Stanley Analysts Give Lowe's Companies, Inc. (LOW) a $88.00 Price Target

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Lowe's Companies, Inc. (NYSE:LOW) traded at a yearly high level of $83.65 during the last trading session. By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock.

Lowe's Companies, Inc. (NYSE:LOW)went up 0.42% during trading on the United States exchange where it had a trading capacity of 4.01M shares. (NYSE:LOW) will report earnings per share of $0.79 in their quarterly report and it is expected to announce the company's results on 3/1/17 Before Market Open. Finally, BMO Capital Markets reiterated a buy rating on shares of Lowe's Companies in a research report on Thursday, November 17th. Cambridge Trust Co. now owns 198,073 shares of the home improvement retailer's stock worth $15,682,000 after buying an additional 1,384 shares in the last quarter. Mycio Wealth Partners LLC boosted its stake in Lowe's Companies by 5.4% in the third quarter. (NYSE:LOW) has tumbled 0.83% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.89% in the last four weeks. The correct version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/03/01/private-advisor-group-llc-has-3349000-stake-in-lowes-companies-inc-low.html. The fund owned 46,996 shares of the home improvement retailer's stock after selling 18 shares during the period.

While looking at the Stock's Performance, Lowe's Companies, Inc. now shows a Weekly Performance of -0.42%, where Monthly Performance is 4.36%, Quarterly performance is 7%, 6 Months performance is -0.38% and yearly performance percentage is 12.57%. The company rocked its 52-Week High of $83.65 on Jul 12, 2016 and touched its 52-Week Low of $64.87 on Nov 9, 2016. The stock has a market capitalization of $61.86 billion, a P/E ratio of 26.11 and a beta of 1.28. The stock's 50 day moving average price is $73.15 and its 200 day moving average price is $72.69. If you are accessing this piece on another publication, it was illegally copied and republished in violation of United States and global copyright legislation.

A number of brokerages have recently commented on LOW. While the stock price moved along with the volume change, shares are touching $81.53 at the time of writing.

Price Target is an important factor while doing analysis of a stock. A rating of 4 or 5 would indicate a Sell. BTIG Research reaffirmed a buy rating and set a $80.00 price objective on shares of Lowe's Companies in a research note on Wednesday, February 22nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the company's stock. The company presently has a consensus rating of "Hold" and a consensus target price of $82.40.

In related news, SVP Matthew V. Hollifield sold 2,609 shares of the business's stock in a transaction on Thursday, December 1st. (NYSE:LOW), according to U.S. Securities and Exchange Commission (SEC) filings. Also, COO Ricky D. Damron sold 17,225 shares of the business's stock in a transaction on Friday, December 9th.

The Average Volume of the company is 1.24 Million, while the Relative Volume of the company is 0.76. The disclosure for this sale can be found here. The company's institutional ownership is monitored at 75.8 percent. We've entered 2017 well-positioned to capitalize on a favorable macroeconomic backdrop for home improvement by continuing to execute on our strategies to expand customer reach and develop capabilities to anticipate and support their needs. The company's operating income from the same period of the year prior was $439 million.

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