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Oppenheimer Reaffirms Their Buy Rating on Lowe’s (LOW)


In a report released today, Brian Nagel from Oppenheimer maintained a Buy rating on Lowe’s (NYSE: LOW), with a price target of $140. The company’s shares opened today at $116.63, close to its 52-week high of $117.70.

According to TipRanks.com, Nagel is a 5-star analyst with an average return of 10.3% and a 65.9% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Lululemon Athletica Inc, and Dick’s Sporting Goods.

Lowe’s has an analyst consensus of Strong Buy, with a price target consensus of $122.18, which is a 4.8% upside from current levels. In a report issued on September 13, Wells Fargo 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 July 31, the company reported a quarterly revenue of $20.89 billion and net profit of $1.52 billion. In comparison, last year the company earned revenue of $19.5 billion and had a net profit of $1.41 billion.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, 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.