Home Depot (The) (HD) Receives Price Target

Home Depot (The) (HD) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $158 and the lowest price target forecast is $106. The average forecast of all the analysts is $147 and the expected standard deviation is $13.11.

Home Depot (The) (HD) : 12 brokerage houses believe that Home Depot (The) (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) (HD). Zacks Investment Research suggests a Hold with a rank of 3. 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 18 Wall Street Analysts endorse the stock as a Buy with a rating of 1.78.


Also, In a research note released to the investors, Deutsche Bank maintains its rating on Home Depot (The) (NYSE:HD).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Deutsche Bank raises the new price target from $143 per share to $145 per share. The rating by the firm was issued on August 17, 2016.

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 $134.48 and $133.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $135.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $134.23, notching a gain of 0.08% for the day. The total traded volume was 3,851,836 . The stock had closed at $134.12 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.

Leave a Reply

Get Pre-Market Alerts!

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