Home Depot Receives Buy Rating from TheStreet (HD)
“Home Depot (HD) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+ . The company’s strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins.”
,” TheStreet’s analyst commented.
HD has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a neutral rating on shares of Home Depot in a research note to investors on Wednesday, March 6th. They now have a $74.00 price target on the stock. Separately, analysts at JPMorgan Chase reiterated an overweight rating on shares of Home Depot in a research note to investors on Wednesday, February 27th. They now have a $74.00 price target on the stock, up previously from $70.00. Finally, analysts at Barclays Capital raised their price target on shares of Home Depot from $70.00 to $78.00 in a research note to investors on Wednesday, February 27th. They now have an overweight rating on the stock.
Thirteen equities research analysts have rated the stock with a buy rating, one has issued an overweight rating, fourteen have assigned a hold rating, one has given an underweight rating, and one has assigned a sell rating to the stock. The company currently has an average rating of overweight and a consensus price target of $72.46.
Shares of Home Depot opened at 70.8871 on Tuesday. Home Depot has a 52 week low of $46.37 and a 52 week high of $71.45. The stock’s 50-day moving average is currently $67.80. The company has a market cap of $104.8 billion and a P/E ratio of 23.59.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 28th. Shareholders of record on Thursday, March 14th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Tuesday, March 12th. This is a positive change from Home Depot’s previous quarterly dividend of $0.29.
The Home Depot, Inc. (The Home Depot) is a home improvement retailer. The Company operates The Home Depot stores, which are full-service, warehouse-style stores.
To view TheStreet’s full report, visit www.thestreetratings.com
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