Home Depot Rating Reiterated by TheStreet (HD)
Home Depot (NYSE:HD)‘s stock had its “buy” rating reiterated by stock analysts at TheStreet in a report issued on Wednesday, Analyst RN 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 EPS for the quarter, beating the Thomson Reuters 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.
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 Tuesday. 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 investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $85.40.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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