The Home Depot Price Target Raised to $95.00 (HD)
Credit Suisse lifted their price target on shares of The Home Depot (NYSE:HD) from $87.00 to $95.00 in a research note issued on Tuesday. Credit Suisse’s price target indicates a potential upside of 13.65% from the company’s current price.
A number of other analysts have also recently weighed in on HD. Analysts at Canaccord Genuity raised their price target on shares of The Home Depot from $77.00 to $78.00 in a research note on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of The Home Depot in a research note on Tuesday. They now have a $92.00 price target on the stock, up previously from $90.00. Finally, 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $88.47.
Shares of The Home Depot (NYSE:HD) traded up 4.88% on Tuesday, hitting $87.67. The stock had a trading volume of 6,957,975 shares. The Home Depot has a one year low of $72.21 and a one year 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 $119.9 billion and a price-to-earnings ratio of 21.25. The Home Depot also was the recipient of unusually large options trading on Monday. Investors acquired 23,735 put options on the company. This is an increase of approximately 250% compared to the average volume of 6,773 put options.
The Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.07. The company had revenue of $23.80 billion for the quarter, compared to the consensus estimate of $23.61 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that The Home Depot will post $4.41 EPS for the current fiscal year.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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