Long story short, the $12.53 per share in profits according to generally accepted accounting principles (GAAP) that analysts expect Home Depot to earn this year could be the least this company earns. And if that turns out to be the case, Home Depot shares could be turning back up in short order.
Will Home Depot stock go up 2022?
We have revised Home Depot's valuation to $324 per share, based on a $16.57 expected adjusted EPS and a 19.6x P/E multiple for the fiscal year 2022 - almost 9% higher than the current market price. We forecast Home Depot's Revenues to be around $157 billion for the fiscal year 2022, up around 4% y-o-y.
Will Home Depot shares go up?
Stock Price Forecast The 30 analysts offering 12-month price forecasts for Home Depot Inc have a median target of 352.50, with a high estimate of 470.00 and a low estimate of 300.00. The median estimate represents a +27.44% increase from the last price of 276.61.
What will Home Depot stock be in 5 years?
On average, Wall Street analysts predict that Home Depot's share price could reach $357.44 by Oct 19, 2023. The average Home Depot stock price prediction forecasts a potential upside of 19.69% from the current HD share price of $298.65. What is HD's Earnings Per Share (EPS) forecast for 2023-2025?
Is Home Depot a good long-term investment?
Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. And Home Depot also has proven itself to be a good long-term investment. It's climbed about 75% over the past five years.
Is Home Depot a buy sell or hold?
The Home Depot stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
Is Home Depot stock a buy right now?
The Home Depot, Inc. - Buy. Zacks' proprietary data indicates that The Home Depot, Inc. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the HD shares relative to the market in the next few months.
Is Home Depot bullish?
Will Home Depot Stock Rise Again? Wall Street analysts remain bullish on the stock with an average 4.12 out of 5 buy rating.
What is Home Depot's future plans?
It's in the middle of a five-year plan to invest $1.2 billion in its supply chain, including the ongoing construction of large facilities, called flatbed distribution centers, that can store and deliver larger orders.
Which stocks will split in 2022?
Stock splits in 2022CompanyStock Split RatioAnnouncement DateAlphabet (NASDAQ:GOOGL) (NASDAQ:GOOG)20-for-1Feb. 1, 2022Shopify (NYSE:SHOP)10-for-1April 11, 2022DexCom (NASDAQ:DXCM)4-for-1March 25, 2022Tesla (NASDAQ:TSLA)3-for-1Aug. 4, 20222 more rows
Is Home Depot a risky investment?
Home Depot is a safe investment While Home Depot is not recession-proof, since sales can decline when the housing market weakens, it is still a safe stock to hold for the long term.
Why you should invest in Home Depot stock?
The company's sales parallel the increase in median home sales prices since the start of 2020. Home Depot reported a 20% increase in sales in fiscal 2020 ending in January, followed by a 14% increase in fiscal 2021. This is much higher than the single-digit average annual increase over the last 10 years.
Is Home Depot stock undervalued?
Even though growth is relatively muted, since HD is currently undervalued, it may be a great time to increase your holdings in the stock. However, there are also other factors such as capital structure to consider, which could explain the current undervaluation.
Why is Home Depot stock dropping?
Home Depot (NYSE:HD) shares have plunged in 2022 due to soaring interest rates which have helped to slow the housing market. On top of that, higher inflation rates have eaten away at some of Home Depot's gross margins and made those margins much more volatile over the past year.
Is Home Depot stock undervalued?
Even though growth is relatively muted, since HD is currently undervalued, it may be a great time to increase your holdings in the stock. However, there are also other factors such as capital structure to consider, which could explain the current undervaluation.
Where Will Lowes stock be in 5 years?
On average, Wall Street analysts predict that Lowes Companies's share price could reach $238.21 by Oct 19, 2023. The average Lowes Companies stock price prediction forecasts a potential upside of 19.87% from the current LOW share price of $198.73. What is LOW's Earnings Per Share (EPS) forecast for 2023-2025?
When was the last time Home Depot stock split?
HD's second split took place on May 11, 1982. This was a 5 for 4 split, meaning for each 4 shares of HD owned pre-split, the shareholder now owned 5 shares....HD Split History TableDateRatio07/02/19923 for 204/14/19934 for 307/07/19973 for 210 more rows
HD : The Home Depot stock forecast by Wall Street Analysts
The average The Home Depot stock forecast from last 6 month is $404.58, and this show a 8.3% increase in average from the prior price target of the each prediction. Also, this average forecast of $404.58 represents a 17.09% increase from the past average forecast of $345.53, 6 months ago from 17 wall street analysts.
Frequently Asked Questions about The Home Depot stock forecast
From The Home Depot stock forecast , The Home Depot (HD) stock can be a good investment choice. According to AI Pickup, the The Home Depot stock price forecast for 2022 Mar. is $354.480744446571
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When will Home Depot buy back its stock?
Home Depot announced that its board has authorized a share buyback plan on Thursday, May 20th 2021, which authorizes the company to buyback $20,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 5.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.
When will Home Depot release its earnings?
The Home Depot is scheduled to release its next quarterly earnings announcement on Tuesday, August 17th 2021. View our earnings forecast for The Home Depot.
How much does Home Depot make?
The Home Depot has a market capitalization of $353.90 billion and generates $132.11 billion in revenue each year. The home improvement retailer earns $12.87 billion in net income (profit) each year or $12.03 on an earnings per share basis.
What is the official website of Home Depot?
The official website for Home Depot is www.homedepot.com.
What is the stock symbol for Home Depot?
Home Depot trades on the New York Stock Exchange (NYSE) under the ticker symbol "HD."
What is the peg ratio of Home Depot?
Home Depot has a PEG Ratio of 2.20. PEG Ratios above 1 indicate that a company could be overvalued.
Is Home Depot a buy or sell company?
Home Depot has received a consensus rating of Buy. The company's average rating score is 2.70, and is based on 16 buy ratings, 7 hold ratings, and no sell ratings.