NEW YORK (

TheStreet

) --

Lowe's Companies

(NYSE:

LOW

) hit a new 52-week high Wednesday as it is currently trading at $28.51, above its previous 52-week high of $28.46 with 12.2 million shares traded as of 2:05 p.m. ET. Average volume has been 16.5 million shares over the past 30 days.

Lowe's Companies has a market cap of $33.67 billion and is part of the

services

sector and

retail

industry. Shares are up 9.2% year to date as of the close of trading on Tuesday.

Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer. The company offers a range of products for maintenance, repair, remodeling, home decorating, and property maintenance. The company has a P/E ratio of 19.1, below the average retail industry P/E ratio of 23.2 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Lowe's Companies as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Lowe's Companies Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

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