HD Supply Holdings (HDS) Receives ‘Analyst’ Rating

HD Supply Holdings (HDS) : 15 analysts are covering HD Supply Holdings (HDS) and their average rating on the stock is 1.6, which is read as a Buy. 10 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. HD Supply Holdings (HDS) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

HD Supply Holdings (HDS) : The most positive equity analysts on HD Supply Holdings (HDS) expects the shares to touch $43, whereas, the least positive believes that the stock will trade at $33 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $37.91 with an expected fluctuation of $3.21 from the mean.


Also, In a research note released to the investors, JP Morgan maintains its rating on HD Supply Holdings (NASDAQ:HDS).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, JP Morgan lowers the new price target from $35 per share to $33 per share. The rating by the firm was issued on September 8, 2016.

HD Supply Holdings (NASDAQ:HDS): After opening at $31.73, the stock dipped to an intraday low of $31.63 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $32.35 and the buying power remained strong till the end. The stock closed at $32 for the day, a gain of 0.82% for the day session. The total traded volume was 4,103,433. The stocks close on the previous trading day was $31.74.

HD Supply Holdings, Inc. is an industrial distributor in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and Construction & Industrial-White Cap. Facilities Maintenance distributes maintenance, repair and operations (MRO) products, provides value-add services and fabricates custom products. Waterworks distributes water and wastewater transmission products, serving contractors and municipalities in the water and wastewater industries for non-residential and residential uses. Power Solutions distributes electrical transmission and distribution products, power plant MRO supplies and smart-grid products, and arranges materials management and procurement outsourcing for the power generation and distribution industries. Construction & Industrial-White Cap distributes specialized hardware, tools, engineered materials and safety products to non-residential and residential contractors.

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