Home Depot Rating Reiterated by TheStreet (HD)
Home Depot (NYSE:HD)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a research report issued on Monday, Analyst Ratings Network 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, compelling growth in net income, revenue growth, notable return on equity 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.”
Home Depot (NYSE:HD) last released its earnings data on Tuesday, November 19th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The company had revenue of $19.47 billion for the quarter, compared to the consensus estimate of $19.17 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis.
HD has been the subject of a number of other recent research reports. Analysts at Ned Davis Research upgraded shares of Home Depot from a “neutral” rating to a “buy” rating in a research note to investors on Monday, January 6th. Separately, analysts at Raymond James upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, December 13th. They now have a $85.50 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Home Depot in a research note to investors on Thursday, December 12th. They now have a $85.00 price target on the stock, up previously from $80.00. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $85.40.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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