Short Term Price Target on Home Depot (The) (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.

The Home Depot, Inc. has lost 0.47% in the last five trading days and dropped 3.14% in the last 4 weeks. The Home Depot, Inc. has dropped 4.82% during the last 3-month period . Year-to-Date the stock performance stands at -2.41%. Also, Brokerage firm Nomura upgrades its rating on Home Depot (The) (NYSE:HD). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 23, 2016.

Home Depot (The) (NYSE:HD) : 11 brokerage houses believe that Home Depot (The) (NYSE:HD) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Home Depot (The) (NYSE:HD). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 17 Wall Street Analysts endorse the stock as a Buy with a rating of 1.82.

Home Depot (The) (NYSE:HD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $127.27 and $126.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $127.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $127.69, notching a gain of 0.25% for the day. The total traded volume was 6,641,997 . The stock had closed at $127.37 on the previous day.

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.

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