Citigroup Inc. analysts increased their EPS forecast for shares of Home Depot (NYSE:HD) in a research report sent to investors on Wednesday morning, Analyst Ratings Network reports. The firm currently has a buy rating and a $90.00 price target on the stock.
Home Depot (NYSE:HD) traded down 0.66% on Wednesday, hitting $73.51. The stock had a trading volume of 2,295,427 shares. Home Depot has a 52 week low of $56.20 and a 52 week high of $81.56. The stock has a 50-day moving average of $78.62 and a 200-day moving average of $74.23. The company has a market cap of $107.4 billion and a price-to-earnings ratio of 23.49. Home Depot also was the recipient of unusually large options trading on Tuesday. Investors acquired 25,448 call options on the company. This is an increase of approximately 149% compared to the typical daily volume of 10,220 call options.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.11%.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity cut their price target on shares of Home Depot from $84.00 to $83.00 in a research note to investors on Tuesday. They now have a hold rating on the stock. Separately, analysts at TheStreet reiterated a buy rating on shares of Home Depot in a research note to investors on Wednesday, August 14th. Finally, analysts at Telsey Advisory Group raised their price target on shares of Home Depot from $86.00 to $88.00 in a research note to investors on Wednesday, August 14th. They now have a not rated rating on the stock.
Eleven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $81.09.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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