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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 Friday, Analyst Ratings Network.com reports. The firm currently has a $90.00 target price on the stock, up from their previous target price of $82.00. BMO Capital Markets’ target price indicates a potential upside of 16.34% from the stock’s previous close.

Shares of The Home Depot (NYSE:HD) traded up 1.47% during mid-day trading on Friday, hitting $77.36. 7,039,965 shares of the company’s stock traded hands. 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 $78.05 and its 200-day moving average is $79.00. The company has a market cap of $106.9 billion and a P/E ratio of 20.28.

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 $4.42 EPS for the current fiscal year.

HD has been the subject of a number of other recent research reports. Analysts at Jefferies Group cut their price target on shares of The Home Depot from $94.00 to $90.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The Home Depot currently has an average rating of “Buy” and a consensus target price of $87.83.

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

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