After Guggenheim and RBC Capital gave Lowe’s (NYSE: LOW) a Buy rating last month, the company received another Buy, this time from Wells Fargo. Analyst Zachary Fadem maintained a Buy rating on Lowe’s yesterday and set a price target of $110. The company’s shares closed yesterday at $92.11.
According to TipRanks.com, Fadem is a 3-star analyst with an average return of 3.5% and a 51.1% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Advance Auto Parts.
Lowe’s has an analyst consensus of Strong Buy, with a price target consensus of $111.22, representing a 20.7% upside. In a report released yesterday, Loop Capital Markets also maintained a Buy rating on the stock with a $125 price target.
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Based on Lowe’s’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $17.42 billion and net profit of $628 million. In comparison, last year the company earned revenue of $16.77 billion and had a net profit of $870 million.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is neutral on the stock. Most recently, in September 2018, Marshall Croom, the EVP & CFO of LOW sold 15,735 shares for a total of $1,803,387.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Lowe’s Cos., Inc. engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodeling, home decorating, and property maintenance.
