Nomura Securities Reiterates Buy on Home Depot (HD) Following In-Line 2Q Report

August 17, 2016 10:21 AM EDT
Get Alerts HD Hot Sheet
Price: $133.39 +0.65%

Rating Summary:
    14 Buy, 13 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 11
Trade HD Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

Nomura Securities reiterated a Buy rating and $155.00 price target on Home Depot (NYSE: HD) following the company's 2Q earnings report. HD reported EPS in-line with consensus estimates.

Nomura commented, "HD reported 2Q16 EPS of $1.97, in line with our est. and consensus. We were impressed with the results, particularly since there was an error in HD’s order logic that affected the order flow during the Q (since corrected). We note that HD achieved broad-based growth across merch categories and geographies, and both ticket and transactions were positive. We see significant opportunity for this momentum to continue."

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 $136.23 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Nomura, Earnings

Add Your Comment