Why Has KeyBanc Capital Markets Given HD Supply Holdings (NASDAQ:HDS) a $36.00 Price Target
The financial firm KeyBanc Capital Markets has today began issuing coverage on HD Supply Holdings (NASDAQ:HDS) shares, with a “Overweight” rating, while setting the target price at $36.00.
From a total of 14 analysts covering HD Supply Holdings (NASDAQ:HDS) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $45 while the lowest target price is $32. The mean of all analyst targets is $36.21 with a 16.39% above today’s ($29.04) stock price. HD Supply Holdings was the topic of 13 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on December 10 with “Outperform” rating. RBC Capital Markets maintained HDS stock in a recent report from December 9 with “Outperform” rating. Finally, Barclays Capital maintained the stock with “Overweight” rating in a report issued on an October 5.
The stock decreased 0.21% or $0.06 during the last trading session, striking $29.04. Approximately 2.65 million shares of stock traded hands or 11.34% up from the average. HD Supply Holdings Inc (NASDAQ:HDS) has declined 9.71% since May 15, 2015 and is downtrending. It has underperformed by 5.90% the S&P500.
The overall sentiment of institutions has increased to 1.73 in Q2 2015. Its up 0.17, from 1.56 in 2015Q2. The ratio improved, as 35 institutions have sold all the shares of HD Supply Holdings Inc that they owned while 76 funds have taken shares off the table. 55 funds have purchased shares for the first time while 137 added to their positions. These institutions now hold 197.19 million shares or 6.59% more than the 185.01 million shares they owned in 2015Q2.
The Fund Tiger Veda Management Llc currently is holding shares equating to 6.97% of its total portfolio in HD Supply Holdings Inc representing a total of 408,306 shares. Another fund,Newbrook Capital Advisors Lp, is holding a total of 1.72 million shares equating to 6.77% of their holdings. Additionally, Welch Capital Partners Llc Ny has a 407,732 share stake in HD Supply Holdings Inc which represents 3.97% of their total portfolio. The Fund, Messner & Smith Theme Value Investment Management Ltd Ca, based out of California, has also built up a stake in the stock, which represents a total of 3.56% of their total portfolio. Finally Sasco Capital Inc Ct, a fund which is based in the state of Connecticut reported a total holdings of 5.43 million shares.
HD Supply Holdings, Inc. is an industrial distributor in North America. The company has a market cap of $5.82 billion. It operates in four divisions: Facilities Maintenance, Waterworks, Power Solutions and Construction & Industrial-White Cap. It has 22.48 P/E ratio. Facilities Maintenance distributes maintenance, repair and activities products, provides value-add services and fabricates custom products.
According to Zacks Investment Research, “HD Supply Holdings, Inc. is engaged in industrial distribution primarily in North America. It operates in four segments: Facilities Maintenance, Waterworks, Power Solutions and White Cap. Facilities Maintenance distributes maintenance, repair and operations products, provides value-add services and fabricates custom products to multifamily, hospitality, healthcare and institutional facilities. Waterworks distributes complete lines of water and wastewater transmission products, serving contractors and municipalities. Power Solutions distributes electrical transmission and distribution products, power plant MRO supplies and smart-grid products, arranges materials management and procurement outsourcing for the power generation and distribution industries. White Cap distributes specialized hardware, tools, engineered materials and safety products to non-residential and residential contractors. HD Supply Holdings, Inc. is based in Atlanta, Georgia.”