uploads///HD_

Why Home Depot Stock Is Down Today

By

Jan. 17 2019, Published 2:45 p.m. ET

Analysts’ recommendations

Today, JPMorgan Chase cut its price target for Home Depot (HD) to $203 from $208. The new target represents a potential upside of 14.7% from its January 16 closing price of $177.04.

Article continues below advertisement

Other analysts’ recommendations

Of the 34 analysts covering Home Depot, 73.5% have recommended “buys,” and 26.5% have recommended “holds” on the stock. None have recommended “sells.” The stock’s average 12-month price target of $203.79 implies a potential 15.1% upside from its January 16 closing price. Earlier this month, RBC raised Home Depot’s price target from $191 to $196, while UBS lowered its price target from $220 to $200.

Peer comparison

Of the 32 analysts that cover Lowe’s Companies (LOW), 71.9% have given it “buys,” and 28.1% have given it “holds.” On average, analysts have given the stock a 12-month price target of $111.86, which represents a potential return of 19.1% from its January 16 closing price of $93.96.

Among the 24 analysts that cover Williams-Sonoma (WSM), 4.2% have given it “buys,” 79.2% have given it “holds,” and 16.7% have given it “sells.” On average, analysts have given the stock a 12-month price target of $55.50, which represents a potential return of 5.8% from its current price of $52.48.

Of the 22 analysts covering Bed Bath & Beyond (BBBY), 63.6% have given it “holds,” and 36.4% have given it “sells.” The stock’s average 12-month price target of $13.07 implies a potential 12.2% downside from its current price of $14.88.

Stock performance

The lowering of Home Depot’s price target by JPMorgan Chase appears to have led to a fall in its stock price. As of 2:00 PM EST, the company was trading at a fall of 1.5%. However, year-to-date, the stock is up 3.0% as of January 16.

During the same period, its peers Lowe’s, Williams-Sonoma, and Bed Bath & Beyond have returned 1.7%, 4.0%, and 31.4%, respectively.

Advertisement

More From Market Realist

  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.