Where Are Shares Headed According to Analysts?

Where Are Shares Headed According to Analysts?

During the most recent trading session, Lowe's Companies, Inc. (NYSE:LOW) shares traded +0.288%. Tracking the stock price in relation to moving averages may provide enhanced perspective on stock performance. After a recent look, the stock has been seen trading $-6.885 off of the 50-day moving average of $78.210 and $-5.948 separated from the 200-day moving average of $77.273. Taking a further look from a different perspective, the stock has been recently recorded -14.734% off of the 52-week high of 83.650 and +13.901% apart from the 52-week low of 62.620. Monitoring stock price activity relative to moving averages and the highs and lows for the past year might help with future stock price value assessment. 

Price Target in Focus

While monitoring stock technicals is important, most investors are more concerned with where the stock might be going now.  Equity research analysts have provided views on where they believe the stock will be trading in the future. According to Thomson Reuters, sell-side analysts are projecting a consensus target price of $87.650 on company shares. This is a near-term estimate for the next 12-18 months.

Currently, Lowe’s Companies, Inc. Common S has a price to earnings ratio of 23.120. Analysts and investors may also opt to evaluate a company's PEG or price to earnings growth ratio. The stock currently has a PEG Ratio of 1.080.

In the most recent session, Illumina, Inc. (NASDAQ:ILMN) shares have traded +1.90%. Following the stock price relative to moving averages may offer enhanced perspective on stock performance. After a recent review, the stock has been noted $6.75 away from the 50-day moving average of $168.29 and $21.81 away from the 200-day moving average of $153.23. From a different angle, the stock has been recently recorded -17.93% off of the 52-week high of 213.27 and +37.72% removed from the 52-week low of 127.10. 

Currently, Illumina, Inc. has a price to earnings ratio of 59.95. Analysts and investors may also opt to evaluate a company's PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. If a company has a PEG Ratio below one, it may be viewed as undervalued. If a company has a PEG Ratio above one, it may show that the company is overvalued. A PEG Ratio near one may be viewed as fair value. The stock currently has a PEG Ratio of 3.02.

Price Target Update

Analysts polled by Thomson Reuters have set a consensus target price of $154.25 on shares. Target prices may vary from one analyst to another due to the various ways they may proceed to calculate future price targets. This is a near-term estimation for the next 12-18 months.

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