HD Supply (HDS) Raised to “Buy” at SunTrust Banks

SunTrust Banks upgraded shares of HD Supply (NASDAQ:HDS) from a hold rating to a buy rating in a research report released on Thursday, March 15th, Marketbeat reports. SunTrust Banks currently has $48.00 price target on the industrial products company’s stock, up from their previous price target of $38.01. SunTrust Banks also issued estimates for HD Supply’s Q1 2019 earnings at $0.63 EPS, Q2 2019 earnings at $0.94 EPS, Q3 2019 earnings at $0.98 EPS, Q4 2019 earnings at $0.59 EPS and FY2019 earnings at $3.13 EPS.

HDS has been the subject of a number of other research reports. Zacks Investment Research downgraded HD Supply from a buy rating to a hold rating in a research note on Friday, December 8th. BidaskClub upgraded HD Supply from a hold rating to a buy rating in a research note on Thursday, December 7th. Barclays started coverage on HD Supply in a research note on Thursday, February 15th. They issued an overweight rating and a $44.00 target price on the stock. Finally, ValuEngine upgraded HD Supply from a hold rating to a buy rating in a research note on Wednesday, March 14th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $40.57.

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NASDAQ:HDS traded down $0.70 during trading hours on Thursday, hitting $38.05. 1,574,844 shares of the company were exchanged, compared to its average volume of 2,068,946. HD Supply has a one year low of $28.97 and a one year high of $42.25. The company has a quick ratio of 1.93, a current ratio of 3.02 and a debt-to-equity ratio of 1.43. The firm has a market cap of $7,059.72, a P/E ratio of 16.47, a P/E/G ratio of 0.77 and a beta of 1.25.

HD Supply (NASDAQ:HDS) last posted its quarterly earnings data on Tuesday, March 13th. The industrial products company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.05. HD Supply had a return on equity of 37.90% and a net margin of 16.79%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company posted $0.44 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. equities research analysts expect that HD Supply will post 3.16 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Cerebellum GP LLC bought a new stake in HD Supply during the 4th quarter valued at $132,000. Bessemer Group Inc. raised its holdings in HD Supply by 849.5% during the 4th quarter. Bessemer Group Inc. now owns 3,475 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 3,109 shares during the period. American International Group Inc. bought a new stake in HD Supply during the 4th quarter valued at $177,000. Cadence Capital Management LLC bought a new position in shares of HD Supply in the fourth quarter worth $215,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of HD Supply in the fourth quarter worth $228,000. Institutional investors and hedge funds own 96.96% of the company’s stock.

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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.

Analyst Recommendations for HD Supply (NASDAQ:HDS)

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