Royal Bank of Canada Lowers HD Supply (HDS) to Sector Perform

Royal Bank of Canada cut shares of HD Supply (NASDAQ:HDS) from an outperform rating to a sector perform rating in a research note issued to investors on Wednesday morning, Marketbeat.com reports.

HDS has been the topic of several other reports. Zacks Investment Research upgraded HD Supply from a hold rating to a buy rating and set a $41.00 price target on the stock in a report on Monday, October 9th. Credit Suisse Group cut HD Supply from an outperform rating to a neutral rating and set a $33.00 price target on the stock. in a report on Friday, September 8th. Wells Fargo & Co boosted their price target on HD Supply from $40.00 to $42.00 and gave the stock an outperform rating in a report on Friday, October 6th. SunTrust Banks restated a hold rating and set a $35.00 price target on shares of HD Supply in a report on Friday, November 10th. Finally, ValuEngine upgraded HD Supply from a hold rating to a buy rating in a report on Tuesday, December 5th. Fourteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $38.85.

Shares of HD Supply (NASDAQ HDS) traded down $0.01 during midday trading on Wednesday, reaching $39.35. The company’s stock had a trading volume of 1,566,414 shares, compared to its average volume of 2,135,795. The firm has a market capitalization of $7,306.43, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 0.87 and a beta of 1.40. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.80 and a current ratio of 2.80. HD Supply has a 12-month low of $28.97 and a 12-month high of $44.73.

HD Supply (NASDAQ:HDS) last released its quarterly earnings results on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.05. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.34 billion. HD Supply had a return on equity of 41.89% and a net margin of 16.55%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 earnings per share. equities research analysts forecast that HD Supply will post 2.27 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Massey Quick Simon & CO. LLC bought a new stake in HD Supply in the third quarter valued at approximately $185,000. Pinebridge Investments L.P. boosted its holdings in shares of HD Supply by 170.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s stock worth $165,000 after buying an additional 3,400 shares in the last quarter. Commonwealth Equity Services Inc bought a new position in shares of HD Supply during the 3rd quarter worth approximately $236,000. Oakbrook Investments LLC bought a new position in shares of HD Supply during the 3rd quarter worth approximately $244,000. Finally, CIBC Asset Management Inc bought a new position in shares of HD Supply during the 3rd quarter worth approximately $245,000.

WARNING: This piece of content was reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.com-unik.info/2018/01/07/royal-bank-of-canada-lowers-hd-supply-hds-to-sector-perform.html.

HD Supply Company Profile

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

Analyst Recommendations for HD Supply (NASDAQ:HDS)

What are top analysts saying about HD Supply? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for HD Supply and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit