Home Depot Gets Credit Upgrade After Lowe’s Downgrade
Fitch Rating raised its credit rating on Home Depot (NYSE:HD) one notch to A-minus while keepsing a “Stable” outlook in place. The upgrade rationale focused on Home Depot’s operating momentum, strong cash flow, and positive same-store sales. The news is extra good for Home Depot after Fitch issued a two-level ratings downgrade to Lowe’s (NYSE:LOW) last week.
Here’s how these home improvement retailers are trading on the upgrade:
- The Home Depot, Inc. (NYSE:HD): HD shares recently traded at $37.12, down $0.76, or 2.01%. Its market capitalization is $57.16 billion. They have traded in a 52-week range of $28.13 to $39.38. Volume today was 10,406,693 shares versus a 3-month average volume of 12,596,000 shares. The company’s trailing P/E is 16.00, while trailing earnings are $2.32 per share. The company pays a dividend of $1.16 per share for a dividend yield of 3.10%. About the company: The Home Depot, Inc. is a home improvement retailer that sells building materials and home improvement products. The Company’s sell a wide assortment of building materials, home improvement and lawn and garden products and provide a number of services. Home Depot operates throughout the U.S. (including Puerto Rico, the Virgin Islands and Guam), Canada, China, and Mexico. Get the most recent company news and stock data here >>
- Lowe’s Companies Inc. (NYSE:LOW): LOW shares recently traded at $23.10, down $0.21, or 0.9%. Its market capitalization is $29.11 billion. They have traded in a 52-week range of $18.07 to $27.45. Volume today was 12,010,406 shares versus a 3-month average volume of 16,100,700 shares. The company’s trailing P/E is 16.91, while trailing earnings are $1.37 per share. The company pays a dividend of $0.56 per share for a dividend yield of 2.40%. About the company: Lowe’s Companies, Inc. is a home improvement retailer that distributes building materials and supplies through stores in the United States. The Company offers a complete line of products and services for home decorating, maintenance, repair, remodeling, and property maintenance. Get the most recent company news and stock data here >>
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