Share on StockTwits

Analysts at Jefferies Group reduced their target price on shares of The Home Depot (NYSE:HD) to $90.00 in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target points to a potential upside of 16.47% from the stock’s previous close.

HD has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets upgraded shares of The Home Depot from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 8th. They now have a $90.00 price target on the stock, up previously from $82.00. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. The Home Depot has a consensus rating of “Buy” and an average price target of $87.93.

The Home Depot (NYSE:HD) traded down 0.79% on Wednesday, hitting $76.66. The stock had a trading volume of 2,142,582 shares. 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 $78.29 and its 200-day moving average is $79.01. The company has a market cap of $105.9 billion and a price-to-earnings ratio of 20.55.

The Home Depot (NYSE:HD) last released its 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. Analysts expect that The Home Depot will post $4.43 EPS for the current fiscal year.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.