Jefferies Believes Home Depot (NYSE: HD) Won’t Stop Here

By Austin Angelo

In a report released today, Jonathan Petersen from Jefferies reiterated a Buy rating on Home Depot (NYSE: HD), with a price target of $182. The company’s shares opened today at $155.16, close to its 52-week high of $160.86.

According to TipRanks.com, Petersen is a 5-star analyst with an average return of 13.4% and a 78.4% success rate. Petersen covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Easterly Government Properties, and First Industrial Realty Trust.

Currently, the analyst consensus on Home Depot is Strong Buy and the average price target is $173.20, representing an 11.6% upside.

In a report issued on June 16, RBC Capital also reiterated a Buy rating on the stock with a $176 price target.

Home Depot’s market cap is currently $186.1B and has a P/E ratio of 23.28. The company has a book value ratio of 46.9737.

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

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.