Evaluating Home Depot: Insights From 15 Financial Analysts
Portfolio Pulse from Benzinga Insights
15 financial analysts have provided mixed evaluations of Home Depot (NYSE:HD) over the past three months, with recent ratings showing no changes in the last 30 days. The average 12-month price target for HD is $345.53, with a high of $400.00 and a low of $299.00, marking a 3.61% increase from the previous average of $333.50. Analysts have adjusted their price targets and ratings, reflecting their latest views on the company's performance and market conditions. Home Depot is the largest home improvement retailer and has expanded through acquisitions. Despite a -2.99% decline in revenue growth, the company maintains a strong net margin of 10.1% and high ROE and ROA, but carries a higher debt-to-equity ratio than the industry average.
January 22, 2024 | 1:00 pm
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NEUTRAL IMPACT
Home Depot has received mixed analyst ratings with an updated average 12-month price target of $345.53. The company's strong financial metrics, such as high net margin and ROE, contrast with a slight decline in revenue growth and a high debt-to-equity ratio.
The mixed analyst ratings and the slight increase in the average price target suggest a neutral short-term impact on HD's stock price. The strong financial indicators may balance out the concerns over revenue decline and debt levels, leading to a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100