UBS and Jefferies Raise Numbers on Home Depot; Issue Mixed Ratings (HD)

UBS and Jefferies Raise Numbers on Home Depot; Issue Mixed Ratings (HD)


Following a strong fourth quarter earnings report from The Home Depot, Inc. (HD), analysts at UBS and Jefferies & Co. raised the price target and earnings estimates on the home improvement retailer on Wednesday.

The analysts at Jefferies, citing an increase of market share seen in the fourth quarter, boosted the price target of HD to $64. Despite the valuation increase, this still suggests a 5% downside to Tuesday’s closing price of $67.56. Jefferies maintains a “Hold” rating on the Atlanta-based company.

UBS is a bit more bullish in regards to Home Depot stock, maintaining a “Buy” rating on the company. The analysts now see shares reaching $75, citing market share gains and strong execution. This new valuation suggests an 11% upside to Wednesday’s closing price.

Home Depot shares were down a fraction in pre-market trading on Wednesday. The stock is up +43.81% over the past twelve months.

The Bottom Line
Shares of Home Depot (HD) have a dividend yield of 2.31% based on last night’s closing price of $67.56 and the company’s annualized dividend payout of $1.56 per share.

The Home Depot, Inc. (HD) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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