Home Depot Reaches New 52-Week High (HD)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Home Depot (NYSE: HD) hit a new 52-week high Monday as it is currently trading at $74.65, above its previous 52-week high of $74.59 with 788,148 shares traded as of 10:06 a.m. ET. Average volume has been seven million shares over the past 30 days.

Home Depot has a market cap of $108.69 billion and is part of the services sector and retail industry. Shares are up 19.6% year to date as of the close of trading on Friday.

The Home Depot, Inc. operates as a home improvement retailer. The company has a P/E ratio of 24.4, above the S&P 500 P/E ratio of 17.7.

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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. You can view the full Home Depot Ratings Report.

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