Lowe’s was Downgraded to a Hold Rating at Piper JaffrayBy Carrie Williams
According to TipRanks.com, Keith is a 2-star analyst with an average return of 0.4% and a 40.6% success rate. Keith covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Lumber Liquidators, and Michaels Companies.
Currently, the analyst consensus on Lowe’s is Moderate Buy and the average price target is $86.89, representing a 29.6% upside.
In a report issued on October 26, J.P. Morgan also downgraded the stock to Hold with a $72 price target.
Based on Lowe’s’ latest earnings report from July 31, the company posted quarterly revenue of $18.26B and quarterly net profit of $1.17B. In comparison, last year the company earned revenue of $14.36B and had a net profit of $736M.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2016, Matthew Hollifield, a the SVP Chief Accounting Officer of LOW sold 17,976 shares for a total of $1,422,800.
Lowe’s Cos., Inc. is engaged in the retail sale of home improvement products. It offers products for maintenance, repair, remodeling, home decorating and property maintenance. The company also offers home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors. Lowe’s was founded in 1946 and is headquartered in Mooresville, NC.