HD Supply Holdings Receives Neutral Rating from Citigroup Inc. (HDS)

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HD Supply Holdings (NYSE:HDS)‘s stock had its “neutral” rating reaffirmed by research analysts at Citigroup Inc. in a report released on Wednesday. They currently have a $29.00 target price on the stock, up from their previous target price of $27.00. Citigroup Inc.’s price target suggests a potential upside of 5.00% from the stock’s previous close.

HD Supply Holdings (NYSE:HDS) opened at 27.62 on Wednesday. HD Supply Holdings has a 52 week low of $17.80 and a 52 week high of $29.20. The stock’s 50-day moving average is $26.42 and its 200-day moving average is $24.1. The company’s market cap is $5.313 billion.

HD Supply Holdings (NYSE:HDS) last announced its earnings results on Tuesday, June 10th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.02. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.15 billion. HD Supply Holdings’s revenue was up 5.5% compared to the same quarter last year. Analysts expect that HD Supply Holdings will post $1.30 EPS for the current fiscal year.

A number of other firms have also recently commented on HDS. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of HD Supply Holdings in a research note on Wednesday. They now have a $30.00 price target on the stock, up previously from $28.00. Separately, analysts at Deutsche Bank raised their price target on shares of HD Supply Holdings from $28.00 to $32.00 in a research note on Tuesday. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. HD Supply Holdings currently has a consensus rating of “Buy” and an average target price of $28.67.

HD Supply Holdings, Inc is an industrial distributor in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and White Cap.

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