Home Depot (HD) Receives a Rating Update from a Top Analyst

Wells Fargo analyst Zachary Fadem maintained a Buy rating on Home Depot (HDResearch Report) today and set a price target of $310.00. The company’s shares closed last Wednesday at $266.55.

According to TipRanks.com, Fadem is a top 100 analyst with an average return of 30.1% and a 77.3% success rate. Fadem covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Floor & Decor Holdings, and Advance Auto Parts.

Currently, the analyst consensus on Home Depot is a Strong Buy with an average price target of $310.89.

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Home Depot’s market cap is currently $296.2B and has a P/E ratio of 25.00. The company has a Price to Book ratio of -111.15.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is neutral on the stock.

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Home Depot, Inc. is a home improvement retailer, which engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products, and decor products. It offers home improvement installation services and tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone and Pat Farrah on June 29, 1978 and is headquartered at Atlanta, GA.