Could Lowe's Companies, Inc. Be a Millionaire-Maker Stock?
Lowe's (NYSE: LOW) is one of the two biggest home-improvement retailers in the world. Both it and its largest competitor, Home Depot (NYSE: HD), have seen phenomenal returns over the last 10 years. Whereas the S&P 500 has returned 79% over the last decade, Lowe's shares increased over 250% and Home Depot's are up over 500%.
While Home Depot has outperformed Lowe's in the recent past, there are a few reasons to believe Lowe's may not only be a better investment today, but could be a stock that helps investors become millionaires in the future. Lowe's has a wide moat to defend against competitors both offline and online. It has a strong growth outlook for both the top and bottom lines, as well as an excellent capital return program including a growing dividend and share buybacks. It's also priced right for an investment today.
Image source: Lowe's.
Source: Fool.com
Lowes Companies Inc. Stock
With 75 Buy predictions and 2 Sell predictions Lowes Companies Inc. is one of the favorites of our community.
With a target price of 245 € there is a positive potential of 27.17% for Lowes Companies Inc. compared to the current price of 192.65 €.
