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

Home Depot (The) (HD) : Zacks Investment Research ranks Home Depot (The) (HD) as 2, which is a Buy recommendation. 11 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 1.82, which indicates as a Buy.

Home Depot (The) (HD) : The highest short term price target forecast on Home Depot (The) (HD) is $158 and the lowest target price is $106. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $144.33 with a standard deviation of $13.37.

Home Depot (The) (NYSE:HD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $129.20 and $129.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $131.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $131.57, notching a gain of 1.72% for the day. The total traded volume was 4,933,160 . The stock had closed at $129.35 on the previous day.

Also, Equity analysts at the Brokerage firm Nomura upgrades its rating on Home Depot (The) (NYSE:HD). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 23, 2016. The company shares have rallied 16.53% from its 1 Year high price. On May 10, 2016, the shares registered one year high at $137.82 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $129.60 and the 200 Day Moving Average price is recorded at $128.78.

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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