I am neutral on Home Depot (HD) because while its business model has proven to generate strong profitability and long-term growth, its valuation multiples indicate that it trades at a premium. Home Depot is the largest home improvement retail chain in the United States. The company operates many big-box stores across all U.S. states, 10 provinces of Canada, and 32 Mexican states. (See Analysts’ Top Stocks on TipRanks) Strengths Home Depot operates in over 2,000 locations and is the employer of over 500,000 people. The company receives millions of orders every year from customers who use its products.
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