In-Depth Examination Of 17 Analyst Recommendations For Home Depot
Portfolio Pulse from Benzinga Insights
Analyst ratings for Home Depot (NYSE:HD) over the last quarter show a mix of bullish to bearish sentiments among 17 analysts, with a positive shift in the 12-month price targets, indicating an average target of $386.0, up 8.91% from the previous $354.43. The ratings and price targets adjustments by key analysts suggest a generally positive outlook on Home Depot's stock, despite a slight revenue decline of -2.92% as of January 31, 2024. Home Depot's financial health remains strong with a notable net margin of 8.05%, ROE of 226.43%, and ROA of 3.68%, although its debt-to-equity ratio is higher than the industry average.
March 26, 2024 | 8:01 pm
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Analyst ratings for Home Depot show a mix of sentiments but with a positive trend in price targets, indicating a generally optimistic outlook. Despite a slight revenue decline, the company's strong financial health metrics suggest resilience.
The positive shift in the 12-month price targets, along with adjustments in ratings by key analysts, suggests a bullish sentiment towards Home Depot's stock in the short term. The company's strong financial health, indicated by high net margin, ROE, and ROA, supports this outlook, despite a minor revenue decline and a high debt-to-equity ratio.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100