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Home Depot (NYSE:HD) was downgraded by equities researchers at Ned Davis Research from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, ARN reports.

Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Home Depot in a research note to investors on Monday, January 13th. Finally, 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. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Home Depot currently has a consensus rating of “Buy” and an average price target of $85.40.

Shares of Home Depot (NYSE:HD) traded down 1.16% on Tuesday, hitting $80.06. 3,083,712 shares of the company’s stock traded hands. Home Depot has a 1-year low of $63.82 and a 1-year high of $82.57. The stock has a 50-day moving average of $80.42 and a 200-day moving average of $77.88. The company has a market cap of $112.7 billion and a price-to-earnings ratio of 21.95.

Home Depot (NYSE:HD) last released its earnings data on Tuesday, November 19th. The company reported $0.95 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.74 earnings per share. Home Depot’s revenue was up 7.4% compared to the same quarter last year. On average, analysts predict that Home Depot will post $3.75 earnings per share for the current fiscal year.

The Home Depot, Inc (NYSE:HD) is a home improvement retailer.

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