Home Depot, Inc [NYSE: HD] price plunged by -2.93 percent to reach at -$11.72.
The one-year HD stock forecast points to a potential upside of 5.88. The average equity rating for HD stock is currently 2.02, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Home Depot, Inc [HD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HD shares is $412.65 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HD stock is a recommendation set at 2.02. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Bernstein have made an estimate for Home Depot, Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on October 22, 2024. While these analysts kept the previous recommendation, Loop Capital raised their target price from $360 to $460. The new note on the price target was released on October 09, 2024, representing the official price target for Home Depot, Inc stock. Previously, the target price had yet another raise to $450, while Gordon Haskett analysts kept a Buy rating on HD stock.
The Average True Range (ATR) for Home Depot, Inc is set at 8.07, with the Price to Sales ratio for HD stock in the period of the last 12 months amounting to 2.54. The Price to Book ratio for the last quarter was 87.25, with the Price to Cash per share for the same quarter was set at 1.62. Price to Free Cash Flow for HD in the course of the last twelve months was 22.99 with Quick ratio for the last quarter at 0.33.
HD Stock Performance Analysis:
Home Depot, Inc [HD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.06. With this latest performance, HD shares dropped by -6.23% in over the last four-week period, additionally plugging by 14.62% over the last 6 months – not to mention a rise of 31.84% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HD stock in for the last two-week period is set at 39.74, with the RSI for the last a single of trading hit 34.51, and the three-weeks RSI is set at 44.57 for Home Depot, Inc [HD]. The present Moving Average for the last 50 days of trading for this stock 393.85, while it was recorded at 394.07 for the last single week of trading, and 364.00 for the last 200 days.
Insight into Home Depot, Inc Fundamentals:
Home Depot, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.33 and a Current Ratio set at 1.15.
HD Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Home Depot, Inc go to 3.87%.
Home Depot, Inc [HD] Institutonal Ownership Details
There are presently around $72.02%, or 72.07%% of HD stock, in the hands of institutional investors. The top three institutional holders of HD stocks are: VANGUARD GROUP INC with ownership of 94.15 million shares, which is approximately 9.5193%. BLACKROCK INC., holding 71.15 million shares of the stock with an approximate value of $$24.49 billion in HD stocks shares; and BLACKROCK INC., currently with $$15.97 billion in HD stock with ownership which is approximately 4.6912%.
