Lowe’s offers products for maintenance, repair, remodeling and home decorating. It provides home improvement products under the categories of kitchens and appliances; lumber and building materials; tools and hardware; fashion fixtures; rough plumbing and electrical; lawn and garden; seasonal living; paint; home fashions; storage and cleaning; flooring; millwork; and outdoor power equipment. The company also offers installation services through independent contractors in various product categories.
Top analysts have felt for some time that the company’s tool rental business, which is a $1.5 billion revenue opportunity, is a strong catalyst for multiple expansion.
Shareholders receive a 2.06% dividend. Lowe’s Companies stock has a $278 target price at BofA Securities. The $229.17 consensus target is closer to Wednesday’s closing print of $199.43.
Netflix
The entertainment and production giant has evolved in a big way over the past few years and could be ready to soar higher. Netflix Inc. (NASDAQ: NFLX) offers TV series, documentaries, feature films and mobile games across various genres and languages. It provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes and mobile devices. The company has approximately 231 million paid members in 190 countries.
The BofA report noted this:
Supported by its world class brand, leading global subscriber base and position as a leading innovator, we believe Netflix is poised to outperform driven by four main drivers: (1) a crackdown on password sharing, (2) the introduction of a value oriented, ad-supported tier which expands the total-addressable-market and monetization, (3) an inflection point in free cash flow, and (4) a significant subscriber runway accelerating by the shift from linear to streaming.
The BofA Securities price target of $410 is well above the $357.23 consensus figure. Netflix stock closed at $342.35 on Wednesday.
Progressive
One business that never seems to struggle is insurance, and this is a leader in the industry. Progressive Corp. (NYSE: PGR) provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments.
Its Personal Lines segment writes insurance for personal autos and recreational vehicles. This segment’s products include personal auto insurance and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles and related products.
The Commercial Lines segment provides auto-related primary liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, pickup trucks and dump trucks used by small businesses; tractors, trailers and straight trucks primarily used by regional general freight and expeditor-type businesses and long-haul operators; dump trucks, log trucks and garbage trucks used by dirt, sand and gravel, logging and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses; as well as non-fleet and airport taxis and black-car services.
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