Oppenheimer Assigned a Buy Rating to Home Depot

By Austin Angelo

In a report released today, Brian Nagel from Oppenheimer assigned a Buy rating to Home Depot (NYSE: HD), with a price target of $140. The company’s shares opened today at $129.03.

According to TipRanks.com, Nagel is a 4-star analyst with an average return of 1.8% and a 47.0% success rate. Nagel covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Lumber Liquidators.

Home Depot has an analyst consensus of Strong Buy, with a price target consensus of $150.

Home Depot’s market cap is currently $155.8B and has a P/E ratio of 21.76. The company has a book value ratio of 23.9569.

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HD in relation to earlier this year. Most recently, in December 2015, Timothy Crow, the EVP HR of HD sold 34,386 shares for a total of $4,596,720.