BidaskClub cut shares of HD Supply (NASDAQ:HDS) from a buy rating to a hold rating in a research note published on Friday.
HDS has been the topic of a number of other reports. Zacks Investment Research raised shares of HD Supply from a hold rating to a buy rating and set a $41.00 target price on the stock in a report on Monday, October 9th. Credit Suisse Group lowered shares of HD Supply from an outperform rating to a neutral rating and set a $33.00 target price on the stock. in a report on Friday, September 8th. Wells Fargo & Co boosted their target price on shares of HD Supply from $40.00 to $42.00 and gave the stock an outperform rating in a report on Friday, October 6th. SunTrust Banks reissued a hold rating and set a $35.00 target price on shares of HD Supply in a report on Friday, November 10th. Finally, Royal Bank of Canada lowered shares of HD Supply from an outperform rating to a sector perform rating in a report on Wednesday, January 3rd. Fourteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. HD Supply has an average rating of Hold and a consensus target price of $38.85.
HD Supply (NASDAQ HDS) traded down $0.18 during mid-day trading on Friday, reaching $39.17. 2,047,700 shares of the company were exchanged, compared to its average volume of 3,217,940. The firm has a market cap of $7,270.00, a PE ratio of 32.64, a price-to-earnings-growth ratio of 0.87 and a beta of 1.40. HD Supply has a twelve month low of $28.97 and a twelve month high of $44.73. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.80 and a current ratio of 2.80.
Large investors have recently bought and sold shares of the company. Pinebridge Investments L.P. boosted its stake in shares of HD Supply by 170.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 3,400 shares during the last quarter. Massey Quick Simon & CO. LLC bought a new stake in shares of HD Supply in the 3rd quarter valued at $185,000. Meiji Yasuda Life Insurance Co bought a new stake in shares of HD Supply in the 2nd quarter valued at $214,000. Engineers Gate Manager LP bought a new stake in shares of HD Supply in the 2nd quarter valued at $224,000. Finally, Commonwealth Equity Services Inc bought a new stake in shares of HD Supply in the 3rd quarter valued at $236,000.
ILLEGAL ACTIVITY WARNING: This piece was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.com-unik.info/2018/01/09/hd-supply-hds-rating-lowered-to-hold-at-bidaskclub.html.
About HD Supply
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.
Receive News & Ratings for HD Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HD Supply and related companies with MarketBeat.com's FREE daily email newsletter.