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Oppenheimer Maintains Their Buy Rating on Home Depot (HD)


Oppenheimer analyst Brian Nagel maintained a Buy rating on Home Depot (HD) today. The company’s shares closed yesterday at $175.96.

According to TipRanks.com, Nagel is a 5-star analyst with an average return of 6.3% and a 58.3% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Dick’s Sporting Goods, and Advance Auto Parts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Home Depot with a $202.50 average price target, a 15.1% upside from current levels. In a report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $210 price target.

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The company has a one-year high of $215.43 and a one-year low of $167. Currently, Home Depot has an average volume of 5.71M.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.