In a report released yesterday, Michael McGinn from Wells Fargo downgraded HD Supply Holdings (HDS) to Hold. The company’s shares closed last Tuesday at $37.84.
According to TipRanks.com, McGinn is ranked #3775 out of 6720 analysts.
Currently, the analyst consensus on HD Supply Holdings is a Moderate Buy with an average price target of $34.00, implying a -7.0% downside from current levels. In a report issued on May 26, Merrill Lynch also downgraded the stock to Hold.
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The company has a one-year high of $43.25 and a one-year low of $21.69. Currently, HD Supply Holdings has an average volume of 1.55M.
Based on the recent corporate insider activity of 41 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 HDS 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.
HD Supply Holdings, Inc. engages as an industrial distributors in North America. It operates through the following segments: Facilities Maintenance, Construction & Industrial and Corporate & Elimination. The Facilities Maintenance segment distributes MRO products, provides value-added services and fabricates custom products. The Construction & Industrial segment specializes in the distribution of hardware, tools, engineered materials and safety products to non-residential and residential contractors. The Corporate & Elimination segment includes costs related to centralized support functions, which are comprised of finance, information technology, human resources, legal, supply chain and other support services, and removes inter-segment transactions. The company is headquartered in Atlanta, GA.
