Home Depot, Inc [NYSE: HD] loss -1.67% or -6.8 points to close at $400.00 with a heavy trading volume of 4702493 shares.
The daily chart for HD points out that the company has recorded 21.00% gains over the past six months.
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If we look at the average trading volume of 3.25M shares, HD reached to a volume of 4702493 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $432.59 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 1.98. 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.
Telsey Advisory Group have made an estimate for Home Depot, Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 08, 2024. While these analysts kept the previous recommendation, Bernstein raised their target price to Mkt Perform. The new note on the price target was released on October 22, 2024, representing the official price target for Home Depot, Inc stock. Previously, the target price had yet another raise from $360 to $460, while Loop Capital kept a Buy rating on HD stock.
The Average True Range (ATR) for Home Depot, Inc is set at 8.37, with the Price to Sales ratio for HD stock in the period of the last 12 months amounting to 2.57. The Price to Book ratio for the last quarter was 68.65, with the Price to Cash per share for the same quarter was set at 1.54. Price to Free Cash Flow for HD in the course of the last twelve months was 23.89 with Quick ratio for the last quarter at 0.31.
Trading performance analysis for HD stock
Home Depot, Inc [HD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.48. With this latest performance, HD shares dropped by -0.46% in over the last four-week period, additionally plugging by 21.00% over the last 6 months – not to mention a rise of 29.79% 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 47.83, with the RSI for the last a single of trading hit 45.01, and the three-weeks RSI is set at 49.98 for Home Depot, Inc [HD]. The present Moving Average for the last 50 days of trading for this stock 401.68, while it was recorded at 406.23 for the last single week of trading, and 366.55 for the last 200 days.
Home Depot, Inc [HD]: A deeper dive into fundamental analysis
Home Depot, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.31 and a Current Ratio set at 1.13.
Home Depot, Inc [HD]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Home Depot, Inc posted 2.82/share EPS, while the average EPS was predicted by analysts to be reported at 2.77/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. 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 4.28%.
An analysis of Institutional ownership at Home Depot, Inc [HD]
There are presently around $72.00%, or 72.04%% 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%.
