The Home Depot Given Consensus Rating of “Buy” by Analysts (NYSE:HD)
Shares of The Home Depot (NYSE:HD) have been given a consensus recommendation of “Buy” by the twenty-two analysts that are covering the company, Stock Ratings News reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $88.34.
HD has been the subject of a number of recent research reports. Analysts at Morgan Stanley initiated coverage on shares of The Home Depot in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $90.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The Home Depot in a research note on Thursday, June 12th. They now have a $84.00 price target on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of The Home Depot to $93.00 in a research note on Wednesday, June 11th.
The Home Depot (NYSE:HD) traded down 0.15% on Thursday, hitting $81.86. The stock had a trading volume of 959,577 shares. The Home Depot has a 52 week low of $72.21 and a 52 week high of $83.20. The stock has a 50-day moving average of $79.62 and a 200-day moving average of $79.35. The company has a market cap of $112.0 billion and a P/E ratio of 20.84. The Home Depot also was the target of a large increase in short interest during the month of June. As of June 13th, there was short interest totalling 30,644,247 shares, an increase of 165.3% from the May 30th total of 11,551,569 shares. Based on an average daily trading volume, of 5,588,646 shares, the short-interest ratio is currently 5.5 days. Currently, 2.2% of the shares of the company are sold short.
The Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.01. The company had revenue of $19.70 billion for the quarter, compared to the consensus estimate of $19.96 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts predict that The Home Depot will post $4.41 earnings per share 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.