Lowe’s (LOW) Receives a Hold from CFRA

By Ryan Adsit

CFRA analyst Ken Leon maintained a Hold rating on Lowe’s (LOWResearch Report) on June 12 and set a price target of $105. The company’s shares opened today at $99.63.

Leon observed:

“LOW, with new management, is still in the early stages of transforming the company with improved sales execution, inventory controls, better supply chain and revamped stores, in our opinion. With better operational performance, we think LOW may regain market share in FY 20 (Jan.) from its largest competitor, Home Depot (HD 189 ***).”

Leon has an average return of 15.5% when recommending Lowe’s.

According to TipRanks.com, Leon is ranked #1104 out of 5202 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lowe’s with a $116.29 average price target, which is a 16.7% upside from current levels. In a report issued on May 28, Barclays also maintained a Hold rating on the stock with a $95 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $118.23 and a one-year low of $84.75. Currently, Lowe’s has an average volume of 5.02M.

Based on the recent corporate insider activity of 27 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, remodelling, home decorating, and property maintenance.