Inclement Weather good for Business
Home renovation companies have in recent years seen their sales benefit as people adapt to changing weather patterns, ever since the storm in New Orleans came on the scene. Since then homeowners have been visiting DIY stores in search of products to help “weather” proof their houses.
Lowes (LOW:NYE) and Home Depot (HD:NYE) are the 2 main companies to benefit from shifting weather patterns as people prepare and adapt to inclement weather. From weather stripping to new, stronger roof systems, water protection barriers, sand, and other materials to help combat weather issues that could affect their house and its value.
Lowes Stock Analysis and Forecast
The stock forecast for Lowe’s Companies Inc, according to the average forecast from 23 analysts, sees the target price for Lowe’s stock expected to be USD 230.50 over the next 12 months. The average analyst rating for the stock is “Buy,” which suggests that analysts believe the stock will perform well.
Stock Target Advisor, has a “Slightly Bullish” rating for Lowe’s stock, which is based on 8 positive signals and 6 negative signals. The passage also notes that Lowe’s stock price has recently changed by -0.04% over the past week, +1.14% over the past month, and -12.55% over the last year. This suggests that the stock price has fluctuated in the past, but generally has decreased over the last year.
Home Depot Stock Analysis and Forecast
The average forecast from 18 analysts, has the target price for Home Depot Inc’s at USD 348.93 over the next 12 months. The average analyst rating for the stock is “Strong Buy,” which suggests that analysts believe the stock will perform very well in the coming months.
Stock Target Advisor has a “Neutral” rating for Home Depot Inc’s stock, which is based on 8 positive signals and 9 negative signals. This suggests that the company has both positive and negative aspects and it is difficult to predict the future performance of the stock. Home Depot Inc’s stock price has recently changed by -1.61% over the past week, +0.11% over the past month, and -11.73% over the last year.