The Home Depot Given New $100.00 Price Target at Argus (HD)
Argus raised their price target on shares of The Home Depot (NYSE:HD) from $95.00 to $100.00 in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Argus’ target price indicates a potential upside of 13.34% from the company’s current price.
Shares of The Home Depot (NYSE:HD) opened at 88.23 on Wednesday. The Home Depot has a 52 week low of $72.21 and a 52 week high of $88.99. The stock’s 50-day moving average is $81.30 and its 200-day moving average is $79.56. The company has a market cap of $120.7 billion and a price-to-earnings ratio of 21.25. The Home Depot also was the recipient of unusually large options trading activity on Monday. Traders acquired 23,735 put options on the company. This represents an increase of 250% compared to the typical daily volume of 6,773 put options.
The Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 19th. The company reported $1.52 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.24 earnings per share. The Home Depot’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that The Home Depot will post $4.41 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on HD. Analysts at Barclays raised their price target on shares of The Home Depot from $95.00 to $100.00 in a research note on Wednesday. Separately, analysts at Credit Suisse raised their price target on shares of The Home Depot from $87.00 to $95.00 in a research note on Tuesday. Finally, 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $89.63.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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