Home Depot Stock Rating Reaffirmed by TheStreet (HD)
Home Depot (NYSE:HD)‘s stock had its “buy” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Friday, Analyst Ratings News 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, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
Shares of Home Depot (NYSE:HD) traded down 1.93% on Friday, hitting $74.28. 6,559,661 shares of the company’s stock traded hands. Home Depot has a one year low of $59.44 and a one year high of $81.56. The stock has a 50-day moving average of $75.36 and a 200-day moving average of $76.10. The company has a market cap of $106.4 billion and a P/E ratio of 22.42.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $1.24 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.01 earnings per share. Home Depot’s revenue was up 9.5% compared to the same quarter last year. Analysts expect that Home Depot will post $3.70 EPS for the current fiscal year.
HD has been the subject of a number of other recent research reports. Analysts at SunTrust initiated coverage on shares of Home Depot in a research note to investors on Tuesday. They set a “buy” rating and a $90.00 price target on the stock. Separately, 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. Finally, 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. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $82.27.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.