Raymond James Maintains a Buy Rating on Home Depot (HD)

In a report released today, Matthew McClintock from Raymond James maintained a Buy rating on Home Depot (HD), with a price target of $250.00. The company’s shares closed last Wednesday at $236.38, close to its 52-week high of $248.32.

According to TipRanks.com, McClintock is a 4-star analyst with an average return of 4.6% and a 56.8% success rate. McClintock covers the Consumer Goods sector, focusing on stocks such as Floor & Decor Holdings, Lululemon Athletica, and American Eagle.

Home Depot has an analyst consensus of Strong Buy, with a price target consensus of $248.43, implying a 2.7% upside from current levels. In a report issued on May 8, RBC Capital also maintained a Buy rating on the stock with a $251.00 price target.

See today’s analyst top recommended stocks >>

Home Depot’s market cap is currently $255.7B and has a P/E ratio of 23.90. The company has a Price to Book ratio of -49.08.

Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is neutral on the stock.

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.

Home Depot, Inc. is a home improvement retailer, which engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products, and decor products. It offers home improvement installation services and tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone and Pat Farrah on June 29, 1978 and is headquartered at Atlanta, GA.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts