Why Home Depot Inc (NYSE:HD) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $150.55 on Home Depot Inc (NYSE:HD) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $6.33 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Home Depot Inc (NYSE:HD) stands at 22.70.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Home Depot, Inc. (The) Common S, the PEG ratio for coming 3-5 years is 1.53.

Technical Analysis

The technical analysis highlights that Home Depot, Inc. (The) Common S current is trading $-2.05 points away or -1.50% from its 50-day moving average of $136.16. Further it is trading $1.72 or +1.30% away its 200-day moving average of $132.39.

The 52-week high of Home Depot Inc (NYSE:HD) was $139.00 while lowest point recorded in 52-week was $109.62. It implies if stock price makes a movement of over $-4.89, it will record a new 52-week high. In the case of +22.34% drop, it will touch a new 52-week low.

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