Home Depot Receives “Buy” Rating from TheStreet (HD)
Home Depot (NYSE:HD)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on Sunday, American Banking 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) opened at 76.25 on Friday. Home Depot has a 1-year low of $58.51 and a 1-year high of $81.56. The stock has a 50-day moving average of $76.30 and a 200-day moving average of $75.08. The company has a market cap of $109.2 billion and a P/E ratio of 22.73. Home Depot also was the target of unusually large options trading activity on Thursday. Stock traders acquired 26,377 call options on the company. This is an increase of approximately 221% compared to the typical daily volume of 8,228 call options.
Home Depot (NYSE:HD) last released its earnings data 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 $3.69 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Ned Davis Research downgraded shares of Home Depot from a “buy” rating to a “neutral” rating in a research note to investors on Monday, October 21st. Separately, analysts at SunTrust initiated coverage on shares of Home Depot in a research note to investors on Tuesday, October 15th. They set a “buy” rating and a $90.00 price target on the stock. Finally, 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. Twelve equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $82.27.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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