Home Depot Inc (HD) is Upgraded by Nomura to Buy, Price Target at $155

Home Depot Inc (HD) was Upgraded by Nomura to ” Buy” and the brokerage firm has set the Price Target at $155. Earlier the firm had a rating of “Neutral ” on the company shares. Nomura advised their investors in a research report released on Jun 23, 2016.

Many Wall Street Analysts have commented on Home Depot Inc. Topeka Capital Markets Initiated Home Depot Inc on May 24, 2016 to “Buy”, Price Target of the shares are set at $158.Company shares were Reiterated by Deutsche Bank on May 18, 2016 to “Buy”, Firm has raised the Price Target to $ 143 from a previous price target of $135 .Company shares were Reiterated by Telsey Advisory Group on May 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 150 from a previous price target of $148 .

On the company’s financial health, Home Depot Inc reported $1.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 17, 2016. Analyst had a consensus of $1.35. The company had revenue of $22762.00 million for the quarter, compared to analysts expectations of $22389.43 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS.

Home Depot Inc opened for trading at $127.96 and hit $128.3114 on the upside on Tuesday, eventually ending the session at $127.74, with a gain of 0.09% or 0.12 points. The heightened volatility saw the trading volume jump to 36,00,869 shares. Company has a market cap of $158,909 M.

In a different news, on Jun 1, 2016, Wayne M. Hewett (director) purchased 350 shares at $132.53 per share price. According to the SEC, on May 20, 2016, Mark Holifield (EVP-Supply Chain & Product Dev) sold 43,026 shares at $131.14 per share price. On May 20, 2016, Craig A Menear (Chairman, CEO & President) sold 46,227 shares at $131.37 per share price, according to the Form-4 filing with the securities and exchange commission.

The Home Depot Inc. (The Home Depot) is a home improvement retailer. The Home Depot stores sell an assortment of building materials home improvement products and lawn and garden products and provide services. The Home Depot stores average approximately 104000 square feet of enclosed space with approximately 24000 additional square feet of outside garden area. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers do-it-for-me (DIFM) customers and professional customers. As of December 31 2014 the Company had 2269 The Home Depot stores which included 1977 stores in the United States including the Commonwealth of Puerto Rico and the territories of the United States Virgin Islands and Guam; 181 stores in Canada and 111 stores in Mexico.

Home Depot Inc

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