HD Supply Holdings’s Outperform Rating Reaffirmed at Raymond James (HDS)
HD Supply Holdings (NYSE:HDS)‘s stock had its “outperform” rating reiterated by stock analysts at Raymond James in a research report issued to clients and investors on Wednesday. They currently have a $30.00 target price on the stock, up from their previous target price of $28.00. Raymond James’ target price would indicate a potential upside of 4.90% from the stock’s previous close.
HD Supply Holdings (NYSE:HDS) traded up 0.59% on Wednesday, hitting $28.77. 1,367,756 shares of the company’s stock traded hands. HD Supply Holdings has a 52-week low of $17.80 and a 52-week high of $28.87. The stock’s 50-day moving average is $26.31 and its 200-day moving average is $24.11. The company’s market cap is $5.535 billion.
HD Supply Holdings (NYSE:HDS) last announced its earnings results on Tuesday, June 10th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.02. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.15 billion. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that HD Supply Holdings will post $1.32 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at SunTrust reiterated a “buy” rating on shares of HD Supply Holdings in a research note on Wednesday. They now have a $34.00 price target on the stock, up previously from $29.00. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of HD Supply Holdings in a research note on Wednesday. They now have a $29.00 price target on the stock, up previously from $27.00. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of HD Supply Holdings in a research note on Wednesday. They now have a $30.00 price target on the stock, up previously from $28.00. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $28.67.
HD Supply Holdings, Inc is an industrial distributor in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and White Cap.
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