Barclays Capital Reiterates Overweight on Home Depot (HD)
A number of other analysts have also recently weighed in on HD. Analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Home Depot in a research note to investors on Wednesday, May 16th. They now have a $44.00 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Home Depot to $53.00 in a research note to investors on Tuesday, May 1st. They now have a “market perform” rating on the stock. Finally, analysts at Goldman Sachs (NYSE: GS) raised their price target on shares of Home Depot from $52.00 to $54.00 in a research note to investors on Friday, April 20th. They now have a “neutral” rating on the stock.
Home Depot opened at 49.34 on Thursday. Home Depot has a 52-week low of $28.13 and a 52-week high of $52.88. The company has a market cap of $75.523 billion and a price-to-earnings ratio of 18.59.
Home Depot last posted its quarterly earnings results on Tuesday, May 15th. The company reported $0.65 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.65. Home Depot’s revenue was up 5.9% compared to the same quarter last year. Analysts expect that Home Depot will post $0.69 EPS next quarter.
The Home Depot, Inc. (The Home Depot) is a home improvement retailer. The Home Depot stores sells an assortment of building materials, home improvement and lawn and garden products and provide a number of services.