The Home Depot (NYSE:HD) 1Q17 earnings; Beats Street View

Posted May 16, 2017

The stock's current RSI reading is at 66.01.

HD has been the topic of a number of recent research reports. The stock now has an average rating of "Buy" and a consensus target price of $154.58. Sanford C. Bernstein initiated coverage on Home Depot in a research note on Monday, February 6th. The stock of Relx PLC (ADR) (NYSE:RELX) has "Hold" rating given on Thursday, August 27 by Berenberg.

Valuation Ratios of Home Depot, Inc. Royal Bank of Canada reaffirmed a "buy" rating and set a $158.00 target price on shares of Home Depot in a research note on Tuesday, May 2nd. Finally, Consumer Edge Research maintained their overweight stance on May 09, with a target price of $165.

A number of research firms recently issued reports on HD. Price Target plays a critical role when it comes to the analysis of a Stock. (HD) stock price has gone up by 7.08% over the last 20 trading days, and its price is -0.78% below the 52-week high. 3,062,658 shares of the company traded hands. The company has a market cap of $188.76 billion, a price-to-earnings ratio of 24.33 and a beta of 1.09.

Home Depot could continue to be a benefactor from the huge, ongoing rebuilding efforts across the United States as a result of flooding and tornadoes that have caused extensive damage over the past year. The stock will be uptrending if it is being traded above its moving averages and downtrending if it is being traded below. Home Depot also saw unusually large options trading on Friday. Stock traders acquired 12,204 put options on the stock. (HD) reported last quarter earnings figures on February 21. The company had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $21.74 billion. The Return on Equity ratio of The Home Depot, Inc. The firm's revenue was up 5.8% on a year-over-year basis. HD also raised its diluted earnings-per-share growth guidance for the year and now expects diluted earnings-per-share growth after anticipated share repurchases of approximately 11% from fiscal 2016 to $7.15. Analysts polled by Thomson Reuters expect $7.20 in earnings per share.

COPYRIGHT VIOLATION WARNING: This piece of content was first reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this article on another website, it was stolen and reposted in violation of global copyright & trademark legislation. BTIG Research lifted their target price on shares of Home Depot from $155.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, May 5th. Finally, Noesis Capital Mangement Corp increased its position in Home Depot by 0.5% in the third quarter. This represents a year-on-year increase of earning per share of $0.27 from corresponding quarter of last year. Osborn Williams & Donohoe LLC boosted its position in shares of Home Depot by 6.5% in the first quarter. Riggs Asset Managment Co. Nadler Financial Group Inc. now owns 2,345 shares of the home improvement retailer's stock valued at $344,000 after buying an additional 229 shares during the period. (NYSE:HD)'s stock was 17.75%. Raymond James Trust N.A. boosted its position in shares of Home Depot by 3.1% in the first quarter.

Let's take a look at how the stock has been performing recently. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/05/16/waverton-investment-management-ltd-sells-33-shares-of-home-depot-inc-hd-updated.html.