Is Lowes a blue-chip stock? (2024)

Is Lowes a blue-chip stock?

In the investment world, Lowe's is generally regarded as a blue-chip stock. Think of this as the VIP section of the stock market; companies make the cut because of their financial fortitude, long-standing history, and ability to weather economic storms.

Is Lowes a good stock to buy?

Lowe's Companies's analyst rating consensus is a Moderate Buy. This is based on the ratings of 25 Wall Streets Analysts.

Is Home Depot considered a blue chip stock?

That's because it's not just about a company's financials, but rather consumer trust and reputation that made a company like Home Depot a blue-chip.

What is considered a blue chip stock?

A blue chip stock is a company that typically has a large market cap, a sterling reputation, excellent financials, and many years of success in the business world. A blue-chip index seeks to track the performance of financially stable, well-established companies that provide investors with consistent returns.

What are the best blue-chip stocks to buy right now?

What stock is better Home Depot or Lowe's?

The Winner: Home Depot

While Home Depot stock is ever-so-slightly more expensive than Lowe's stock on a price-to-earnings basis, its stronger financial position and higher dividend yield make it the better choice to invest in right now.

Is Lowes doing well financially?

On Feb. 27, Lowe's reported financial results for 2023 and gave its financial outlook for 2024. The company expects its sales to drop between 2% and 3% year over year in the coming year. And management expects full-year EPS of $12 to $12.30, which would represent a 7% to 9% drop.

What are three blue-chip stocks?

What are the best US stocks to buy now?

(NYSE:V), Meta Platforms, Inc. (NASDAQ:META), Amazon.com, Inc. (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT) are some top hedge fund growth stock picks. Click to continue reading and see 5 Best Growth Stocks to Buy and Hold in 2024.

What is the best blue-chip dividend stock?

Microsoft Corporation (NASDAQ:MSFT), Visa Inc. (NYSE:V), and Apple Inc. (NASDAQ:AAPL) are some of the best blue chip dividend stocks among others that are mentioned below in our list.

Which stock will boom in 2024?

What is the safest stock ever?

What stock will make me rich in 2024?

What is the hottest stock to buy right now?

Is Walmart a blue chip stock?

What do IBM, Walmart, JPMorgan Chase, and DuPont have in common? Although they are in different sectors, they are all known as blue chip companies. Blue chip companies are the mature firms that represent the stalwarts of an industry.

Is Amazon a blue chip stock?

Amazon Joins 29 Other 'Blue Chip' Companies in the Dow Jones Industrial Average. Feb. 24, 2024, at 2:00 p.m.

Who owns most of Lowe's stock?

The ownership structure of Lowe's (LOW) stock is a mix of institutional, retail and individual investors. Approximately 41.89% of the company's stock is owned by Institutional Investors, 0.96% is owned by Insiders and 57.14% is owned by Public Companies and Individual Investors.

Why should you invest in Lowes stock?

Today, Lowe's stock trades at forward price-to-earnings ratio of 21.4, a recent high. Existing Lowe's investors can confidently maintain their positions in a stock that has consistently outperformed the market over the long term.

Where will Lowe's stock be in 5 years?

Lowe's stock price stood at $230.24

According to the latest long-term forecast, Lowe's price will hit $250 by the end of 2024 and then $300 by the middle of 2025. Lowe's will rise to $350 within the year of 2026, $450 in 2028, $500 in 2029 and $600 in 2033.

Who is the largest investor in Lowes?

The Vanguard Group, Inc. is currently the company's largest shareholder with 8.9% of shares outstanding.

Does Lowes have a lot of debt?

Lowe's long term debt for the quarter ending January 31, 2024 was $35.374B, a 7.51% increase year-over-year. Lowe's long term debt for 2023 was $32.876B, a 37.79% increase from 2022. Lowe's long term debt for 2022 was $23.859B, a 15.44% increase from 2021.

Should I buy or sell Lowes stock?

Is Lowe's Companies stock a Buy, Sell or Hold? Lowe's Companies stock has received a consensus rating of buy. The average rating score is and is based on 61 buy ratings, 37 hold ratings, and 2 sell ratings.

Should I invest in blue chip stocks?

Blue chip stocks are usually less risky and thus considered safer than other stock-based investment options. That's because one of the major determining factors of a blue chip stock is that it must be a well-capitalized company, meaning it should have the financial fortitude to endure an inevitable economic downturn.

Should you only invest in blue chip stocks?

Many investors turn to blue chips for their longstanding, rising dividends. Many investors believe that blue chips can survive market challenges of many kinds; while this may be largely true, it is not a guarantee. For this reason, it's crucial to diversify a portfolio beyond only blue chip stocks.

Should you hold blue chip stocks?

Blue-chip stocks typically have solid balance sheets, steady cash flows, proven business models, and a history of increasing dividends. For that reason, investors generally consider blue-chip stocks to be among the most secure stock investments because of their track records and performance history.