2. As of noon trading, Home Depot ( HD) is up $0.64 (0.87) to $73.99 on light volume Thus far, 2.5 million shares of Home Depot exchanged hands as compared to its average daily volume of 7.0 million shares. The stock has ranged in price between $73.39-$74.02 after having opened the day at $73.44 as compared to the previous trading day's close of $73.35. The Home Depot, Inc. operates as a home improvement retailer. Home Depot has a market cap of $108.7 billion and is part of the retail industry. The company has a P/E ratio of 24.5, above the S&P 500 P/E ratio of 17.7. Shares are up 18.6% year to date as of the close of trading on Friday. TheStreet Ratings rates Home Depot as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Home Depot Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.