Analyst Rating Update on Home Depot (The) (HD)

Home Depot (The) (HD) : The consensus on Home Depot (The) (HD) based on 17 analyst recommendation on the company stock is 1.82, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 11 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Home Depot (The) (HD) : Average target price received by Home Depot (The) (HD) is $145.13 with an expected standard deviation of $13.3. The most aggressive target on the stock is $158, whereas the most downbeat target is $106. 16 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Nomura upgrades its ratings on Home Depot (The) (NYSE:HD). According to the latest information available, the shares are now rated Buy by the analysts at the agency. 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): The stock opened at $137.13 on Wednesday but the bulls could not build on the opening and the stock topped out at $137.22 for the day. The stock traded down to $135.70 during the day, due to lack of any buying support eventually closed down at $137.06 with a loss of -0.12% for the day. The stock had closed at $137.22 on the previous day. The total traded volume was 3,642,635 shares.

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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