Analyst Rating Update on HD Supply Holdings (HDS)

HD Supply Holdings (NASDAQ:HDS) : 12 brokerage houses believe that HD Supply Holdings (NASDAQ:HDS) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on HD Supply Holdings (NASDAQ:HDS). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 15 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.33.

HD Supply Holdings (NASDAQ:HDS) stock is expected to deviate a maximum of $1.81 from the average target price of $39.54 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $43 and the most muted being $37.

For the current week, the company shares have a recommendation consensus of Buy. Also, Longbow Research initiates coverage on HD Supply Holdings (NASDAQ:HDS). In the latest research report, Longbow Research announces the target price to $43 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 2, 2016.

HD Supply Holdings (NASDAQ:HDS): stock turned positive on Tuesday. Though the stock opened at $33.28, the bulls momentum made the stock top out at $33.655 level for the day. The stock recorded a low of $32.99 and closed the trading day at $33.24, in the green by 1.13%. The total traded volume for the day was 2,305,979. The stock had closed at $32.87 in the previous days trading.

In an insider trading activity,The (SVP, Chief HR Officer) of Hd Supply Holdings, Inc., Newman Margaret sold 18,000 shares at $36 on June 8, 2016. The Insider selling transaction had a total value worth of $648,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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