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Home Depot's Stock Shows Moderate Growth Potential Amidst Market Challenges
- 2025/01/11
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あらすじ・解説
Home Depot's stock, symbol HD, is currently trading at $390.12 as of January 11, 2025. The trading volume for the day is 2.85 million shares, which is slightly below the average volume[5].
Recent news includes the company's third-quarter fiscal 2024 results, where Home Depot reported sales of $40.2 billion, an increase of 6.6% from the third quarter of fiscal 2023. However, comparable sales decreased by 1.3%, and net earnings were $3.6 billion, or $3.67 per diluted share, compared with $3.8 billion, or $3.81 per diluted share, in the same period of fiscal 2023[2].
Analyst updates show a consensus rating of "Moderate Buy" with 23 buy ratings, 6 hold ratings, and 1 sell rating. The average twelve-month price target is $426.00, with a high forecast of $466.00 and a low forecast of $318.00, indicating a potential upside of 9.20% from the current price[1][3].
Home Depot's financial health is strong, with an EBITDA of $24.76 billion and a P/E ratio of 28.22x. However, the company faces near-term headwinds in consumer spending and housing market dynamics[4].
In terms of recent announcements, Home Depot updated its fiscal 2024 guidance, expecting total sales to increase approximately 4%, with comparable sales declining approximately 2.5% for the 52-week period compared to fiscal 2023[2].
Overall, Home Depot's stock is poised for growth amid market challenges, with analysts predicting a moderate buy and a potential upside in the coming year. However, investors should be cautious of near-term headwinds and keep an eye on the company's financial performance and market trends.
Recent news includes the company's third-quarter fiscal 2024 results, where Home Depot reported sales of $40.2 billion, an increase of 6.6% from the third quarter of fiscal 2023. However, comparable sales decreased by 1.3%, and net earnings were $3.6 billion, or $3.67 per diluted share, compared with $3.8 billion, or $3.81 per diluted share, in the same period of fiscal 2023[2].
Analyst updates show a consensus rating of "Moderate Buy" with 23 buy ratings, 6 hold ratings, and 1 sell rating. The average twelve-month price target is $426.00, with a high forecast of $466.00 and a low forecast of $318.00, indicating a potential upside of 9.20% from the current price[1][3].
Home Depot's financial health is strong, with an EBITDA of $24.76 billion and a P/E ratio of 28.22x. However, the company faces near-term headwinds in consumer spending and housing market dynamics[4].
In terms of recent announcements, Home Depot updated its fiscal 2024 guidance, expecting total sales to increase approximately 4%, with comparable sales declining approximately 2.5% for the 52-week period compared to fiscal 2023[2].
Overall, Home Depot's stock is poised for growth amid market challenges, with analysts predicting a moderate buy and a potential upside in the coming year. However, investors should be cautious of near-term headwinds and keep an eye on the company's financial performance and market trends.