Analysts at Deutsche Bank started coverage on shares of HD Supply Holdings (NYSE:HDS) in a research report issued to clients and investors on Tuesday, Analyst Ratings Network.com reports. The firm set a “buy” rating on the stock.
The analysts wrote, “We are launching coverage of HD Supply with a Buy rating and 12-month price target of $28. HD Supply completed its successful IPO in July 2013. Our adjusted forecast estimates (excluding intangibles amortization) are $1.75 in 2014 and $2.55 in 2015. Our rapid EPS growth forecast is driven by above-average market sales expansion, declining interest expense, significant structural tax benefits and step-down in intangibles amortization.”
Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of HD Supply Holdings in a research note to investors on Tuesday. They set an “outperform” rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of HD Supply Holdings in a research note to investors on Tuesday. They set an “outperform” rating on the stock. Finally, analysts at Raymond James initiated coverage on shares of HD Supply Holdings in a research note to investors on Tuesday. They set an “outperform” rating on the stock.
Shares of HD Supply Holdings (NYSE:HDS) traded down 0.13% during mid-day trading on Tuesday, hitting $22.97. HD Supply Holdings has a one year low of $17.80 and a one year high of $23.33. The stock’s 50-day moving average is currently $20.29. The company’s market cap is $4.221 billion.
HD Supply Holdings, Inc is an industrial distributor in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and White Cap.
