The Home Depot’s “Hold” Rating Reiterated at Deutsche Bank (HD)
The Home Depot (NYSE:HD)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Wednesday. They currently have a $98.00 target price on the stock, up from their previous target price of $85.00. Deutsche Bank’s price objective would suggest a potential upside of 11.07% from the stock’s previous close.
The Home Depot (NYSE:HD) traded up 2.91% during mid-day trading on Wednesday, hitting $90.80. The stock had a trading volume of 9,442,875 shares. 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 $124.2 billion and a price-to-earnings ratio of 22.43. The Home Depot also was the recipient of some unusual options trading activity on Monday. Stock investors purchased 23,735 put options on the company. This represents an increase of approximately 250% compared to the average daily volume of 6,773 put options.
The Home Depot (NYSE:HD) last posted its quarterly earnings results 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 in the prior year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts expect that The Home Depot will post $4.46 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on HD. Analysts at Raymond James reiterated an “outperform” rating on shares of The Home Depot in a research note on Wednesday. They now have a $91.00 price target on the stock, up previously from $85.50. Separately, analysts at Telsey Advisory Group reiterated a “” rating on shares of The Home Depot in a research note on Wednesday. They now have a $92.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of The Home Depot from $95.00 to $100.00 in a research note on Wednesday. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. The Home Depot has a consensus rating of “Buy” and a consensus price target of $90.80.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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