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The Home Depot (NYSE:HD) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Wednesday, Analyst Ratings Net reports. The firm currently has a $90.00 price objective on the stock, up from their previous price objective of $82.00. BMO Capital Markets’ target price suggests a potential upside of 13.35% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Ameriprise Financial initiated coverage on shares of The Home Depot in a research note on Tuesday, April 1st. They set a “buy” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of The Home Depot from $86.00 to $93.00 in a research note on Friday, March 14th. Finally, analysts at Wedbush reiterated a “neutral” rating on shares of The Home Depot in a research note on Thursday, March 6th. They now have a $78.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the stock. The Home Depot has a consensus rating of “Buy” and a consensus target price of $88.11.

Shares of The Home Depot (NYSE:HD) opened at 79.40 on Wednesday. The Home Depot has a 52-week low of $72.21 and a 52-week high of $83.20. The stock’s 50-day moving average is $78.69 and its 200-day moving average is $78.84. The company has a market cap of $109.7 billion and a price-to-earnings ratio of 21.10. The Home Depot also saw a large decline in short interest in April. As of April 15th, there was short interest totalling 10,540,243 shares, a decline of 37.1% from the March 31st total of 16,752,334 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 7,460,716 shares, the short-interest ratio is presently 1.4 days.

The Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.71 by $0.02. The company had revenue of $17.70 billion for the quarter, compared to the consensus estimate of $17.92 billion. On average, analysts predict that The Home Depot will post $4.43 earnings per share for the current fiscal year.

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

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