The Home Depot’s Rating Reaffirmed at Telsey Advisory Group (HD)
The Home Depot (NYSE:HD)‘s stock had its “” rating reissued by equities researchers at Telsey Advisory Group in a research report issued on Wednesday. They currently have a $92.00 price target on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 4.27% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. The Home Depot has an average rating of “Buy” and an average target price of $89.63.
Shares of The Home Depot (NYSE:HD) traded up 1.04% on Wednesday, hitting $89.15. 1,601,651 shares of the company’s stock traded hands. The Home Depot has a one year low of $72.21 and a one year 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 $121.9 billion and a price-to-earnings ratio of 22.43. The Home Depot also saw unusually large options trading activity on Monday. Investors bought 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 released its 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 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.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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