Watch for Continued Gains in Shares of Lowe's Companies Inc.

Lowe’s Companies Inc. LOW traded today at a new 12-month high of $263.31. This new high was reached on below-average trading volume as 1.1 million shares traded hands, while the average 30-day volume is approximately 3.3 million shares.

Lowe’s Companies Inc. is currently priced 31.8% above its average consensus analyst price target of $175.92.

Lowe’s is the second-largest home improvement retailer in the world, operating 1,973 stores throughout the United States and Canada. The firm’s stores offer products and services for home decorating, maintenance, repair, and remodeling. Lowe’s targets retail do-it-yourself and do-it-for-me customers as well as commercial business clients. We estimate Lowe’s captures a double-digit share of the domestic home improvement market, based on U.S. Census estimates for market size.

In the past 12 months, Lowe’s Companies Inc. share prices are bracketed by a low of $150.84 and a high of $263.31 and are now at $257.98, 71% above that low price.

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