The Home Depot PT Raised to $100.00 at Barclays (HD)
Equities research analysts at Barclays increased their price objective on shares of The Home Depot (NYSE:HD) from $95.00 to $100.00 in a research note issued to investors on Wednesday. Barclays’ price target suggests 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 has a 50-day moving average of $81.30 and a 200-day moving average of $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 on Monday. Stock traders purchased 23,735 put options on the company. This is an increase of 250% compared to the average 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 (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.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. 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 stock has a consensus rating of “Buy” and an average target price of $89.08.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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