Home Depot’s “Buy” Rating Reaffirmed at TheStreet (HD)
Home Depot (NYSE:HD)‘s stock had its “buy” rating reaffirmed by TheStreet in a research note issued on Monday, AnalystRatingsNetwork 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 revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income 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 77.83 on Monday. Home Depot has a one year low of $63.82 and a one year high of $82.57. The stock has a 50-day moving average of $78.71 and a 200-day moving average of $77.5. The company has a market cap of $109.6 billion and a P/E ratio of 21.06.
HD has been the subject of a number of other recent research reports. Analysts at Ned Davis Research downgraded shares of Home Depot from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 21st. Finally, analysts at Raymond James upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating in a research note 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, ten have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $86.11.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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