Barclays Maintains an 'Overweight' on Home Depot (HD); Stabilizing Housing Market & Warm Weather to Help Q1
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Price: $75.93 -1.63%
Rating Summary:
7 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
7 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade HD Now!
Barclays maintains an 'Overweight' on Home Depot (NYSE: HD) price target raised from $53 to $57.
Analyst, Alan M. Rifkin, expects Q1 EPS of at least $0.64 with possible $0.02-0.04 upside citing warmer weather across the U.S.
Rifkin, said, "We estimate 1Q comps of at least 6.0% versus an easy (0.6)% compare from last year...All-in, we look for operating margin to improve by 91 bps from 8.45% last year to 9.37%...Although the valuation multiple for HD has moved higher over recent months, we remain positive as we believe eventual earnings results may be materially greater than current consensus, given the stabilization in housing trends."
For an analyst ratings summary and ratings history on Home Depot click here. For more ratings news on Home Depot click here.
Shares of Home Depot closed at $51.39 yesterday, with a 52 week range of $28.13-$52.88.
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Analyst, Alan M. Rifkin, expects Q1 EPS of at least $0.64 with possible $0.02-0.04 upside citing warmer weather across the U.S.
Rifkin, said, "We estimate 1Q comps of at least 6.0% versus an easy (0.6)% compare from last year...All-in, we look for operating margin to improve by 91 bps from 8.45% last year to 9.37%...Although the valuation multiple for HD has moved higher over recent months, we remain positive as we believe eventual earnings results may be materially greater than current consensus, given the stabilization in housing trends."
For an analyst ratings summary and ratings history on Home Depot click here. For more ratings news on Home Depot click here.
Shares of Home Depot closed at $51.39 yesterday, with a 52 week range of $28.13-$52.88.
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