Home Depot Given “Buy” Rating at TheStreet (HD)
Home Depot (NYSE:HD)‘s stock had its “buy” rating reiterated by equities researchers at TheStreet in a research report issued on Tuesday, Analyst Ratings Network.com reports.
The analysts wrote, “Home Depot (HD) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Home Depot in a research note to investors on Thursday, September 5th. They now have a $78.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Home Depot from $84.00 to $86.00 in a research note to investors on Thursday, August 22nd. They now have an “overweight” rating on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Home Depot from $84.00 to $86.00 in a research note to investors on Wednesday, August 21st. They now have a “market perform” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $81.00.
Shares of Home Depot (NYSE:HD) traded down 0.72% during mid-day trading on Tuesday, hitting $74.59. The stock had a trading volume of 3,762,714 shares. Home Depot has a 52 week low of $58.75 and a 52 week high of $81.56. The stock’s 50-day moving average is $75.18 and its 200-day moving average is $75.91. The company has a market cap of $106.8 billion and a P/E ratio of 22.24.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. The company had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $21.72 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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