Home Depot notches seven straight days of gains
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The Home Depot (NYSE:HD) shares traded in the red on Thursday, snapping seven consecutive days of gains. The stock closed down 1.38% at $365.36.
HD stock rose about 13% in the last 12 months. YTD, the stock is trading up about 7.3%, compared to the broader S&P 500 market which is up 17.8%.
Looking at Seeking Alpha’s Quant Ratings, this company has a Hold rating with a score of 3.27 out of 5.
When it comes to Wall Street analysis, 17 out of 37 analysts recommend a Strong Buy, 11 recommend a Hold, 7 recommend a Buy and 2 recommend a Strong Sell.
According to SA analyst Lighting Rock Research, “The company is navigating the challenging macro environment by expanding online services, focusing on PRO customers, and acquiring SRS Distribution. Despite the weak outlook for FY24, Home Depot is expected to recover as interest rates decline, with a fair value of $390 per share.”
Seeking Alpha analysts have a Hold rating on the company.