The Home Depot Given Average Recommendation of “Buy” by Analysts (NYSE:HD)
Shares of The Home Depot (NYSE:HD) have been given a consensus recommendation of “Buy” by the twenty-one ratings firms that are currently covering the company, ARN reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $88.50.
Several analysts have recently commented on the stock. 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, August 12th. 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 (NYSE:HD) opened at 83.59 on Friday. The Home Depot has a 52-week low of $72.21 and a 52-week high of $84.62. The stock has a 50-day moving average of $81.10 and a 200-day moving average of $79.48. The company has a market cap of $114.3 billion and a price-to-earnings ratio of 21.27. The Home Depot also was the target of unusually large options trading activity on Monday. Stock traders acquired 23,735 put options on the stock. This represents an increase of 250% compared to the typical daily volume of 6,773 put options.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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