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.
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.
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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.
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