Despite falling 23% in 2022, home improvement retailer Lowe's Companies (NYSE: LOW) has seen its stock climb 448% over the past decade, an outstanding return that doesn't include the company's generous dividends. Right now, Lowe's stock carries a price-to-earnings (P/E) ratio of 20, which is below its trailing-five-year valuation.
Based on the average brokerage recommendation (ABR), Lowe's (LOW) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
In the latest trading session, Lowe's (LOW) closed at $206.41, marking a +0.63% move from the previous day.