Price Target Update on Home Depot (The) (NYSE:HD)

Home Depot (The) (NYSE:HD) : The highest short term price target forecast on Home Depot (The) (NYSE:HD) is $158 and the lowest target price is $106. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $144.33 with a standard deviation of $13.37.

Other Equity analysts have also commented on the company shares. BTIG Research initiates coverage on Home Depot (The) (NYSE:HD) In a research note issued to the investors, the brokerage major announces price-target of $155 per share.The shares have been rated Buy. The rating by the firm was issued on June 1, 2016.

Home Depot (The) (NYSE:HD): stock turned positive on Thursday. Though the stock opened at $128.98, the bulls momentum made the stock top out at $129.1 level for the day. The stock recorded a low of $127.45 and closed the trading day at $128.29, in the green by 0.54%. The total traded volume for the day was 4,784,451. The stock had closed at $127.6 in the previous days trading.

The company shares have rallied 13.69% from its 1 Year high price. On May 10, 2016, the shares registered one year high at $137.82 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $131.47 and the 200 Day Moving Average price is recorded at $129.09. On the companys insider trading activities, Hewett Wayne M., director of Home Depot Inc, executed a transaction worth $46,386 on May 31, 2016. A total of 350 shares were purchased at an average price of $132.53. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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 104,000 square feet of enclosed space, with approximately 24,000 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 2,269 The Home Depot stores, which included 1,977 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.