In a report released today, Simeon Gutman from Morgan Stanley maintained a Buy rating on Home Depot (HD), with a price target of $260.00. The company’s shares closed last Monday at $245.72, close to its 52-week high of $247.36.
According to TipRanks.com, Gutman is a 2-star analyst with an average return of 0.5% and a 55.1% success rate. Gutman covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, National Vision Holdings, and Floor & Decor Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Home Depot with a $242.86 average price target, implying a -1.5% downside from current levels. In a report issued on February 14, Wells Fargo also maintained a Buy rating on the stock with a $265.00 price target.
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Based on Home Depot’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $27.22 billion and net profit of $2.77 billion. In comparison, last year the company earned revenue of $26.49 billion and had a net profit of $2.34 billion.
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is neutral on the stock.
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