Wells Fargo Believes Lowe’s (LOW) Still Has Room to Grow
In a report released today, Zachary Fadem from Wells Fargo maintained a Buy rating on Lowe’s (NYSE: LOW). The company’s shares opened today at $112.75, close to its 52-week high of $114.54.
According to TipRanks.com, Fadem is a 4-star analyst with an average return of 14.4% and a 70.8% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Advance Auto Parts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lowe’s with a $118.20 average price target.
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Lowe’s’ market cap is currently $92.73B and has a P/E ratio of 23.97. The company has a Price to Book ratio of 16.04.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LOW in relation to earlier this year.
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.