Lowe’s Companies, Inc. (NYSE:LOW) has been recommended as a long term growth stock according to analysts at Beta Research. With their stock price currently trading around $81.10, the firm has proven a solid track record of growth over the past few years. Investors might consider the stock as a long term growth candidate as the firm has yielded 19.40% earnings per share growth over the past 5 years and 5.30% revenue growth over that same time frame.
Long-term growth (LTG) is an investing strategy where a stock will (hopefully) grow in value for a relatively long period of time. A “buy-and-hold” investor will consider long-term growth as a longer time period then a day trader will. The buy-and-hold strategy looks ahead farther into the future, giving short-term price swings less consideration as long as the fundamentals stay the same.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, Lowe’s Companies, Inc. (NYSE:LOW)’s stock was 14.03%. Over the last week of the month, it was -0.31%, 6.40% over the last quarter, and -1.59% for the past six months.
Over the past 50 days, Lowe’s Companies, Inc.’s stock is -1.98% off of the high and 14.61% removed from the low. Their 52-Week High and Low are as follows: -5.97% (High), 25.02%, (Low).
Despite the past success, investors want to know where the stock is headed from here. Analysts covering the shares have a consensus short-term price target of $84.19 on the equity. Analysts have a consensus recommendation of 2.30 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.