The Home Depot Receives Average Recommendation of “Buy” from Analysts (NYSE:HD)
Shares of The Home Depot (NYSE:HD) have been given an average rating of “Buy” by the twenty-one brokerages that are presently covering the company, Stock Ratings Network reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $88.50.
Shares of The Home Depot (NYSE:HD) traded down 0.04% on Friday, hitting $83.83. The stock had a trading volume of 953,518 shares. The Home Depot has a 52-week low of $72.21 and a 52-week high of $83.97. The stock’s 50-day moving average is $80.9 and its 200-day moving average is $79.39. The company has a market cap of $114.6 billion and a P/E ratio of 21.32.
The Home Depot (NYSE:HD) last announced its earnings results 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. Analysts expect that The Home Depot will post $4.41 EPS for the current fiscal year.
A number of research firms have recently commented on HD. Analysts at Jefferies Group raised their price target on shares of The Home Depot from $90.00 to $95.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Wolfe Research upgraded shares of The Home Depot from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 17th. Finally, 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.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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