Office Depot's (ODP) "Hold" Rating Reiterated at Oppenheimer Holdings Inc

Bruno Cirelli
Mag 20, 2017

In recent trading day Office Depot, Inc. Mckinley Mgmt Ltd Liability Delaware holds 501,066 shares or 0.09% of its portfolio.

Several large investors have recently made changes to their positions in ODP. Elkfork Partners LLC bought a new stake in Office Depot during the fourth quarter worth $105,000.

The stock decreased 3.28% or $0.17 during the last trading session, reaching $5.02. Ellington Management Group LLC purchased a new stake in Office Depot during the fourth quarter valued at $112,000. Whether a stock is in or out of their favor can have a big effect on its price. Envestnet Asset Management Inc. increased its stake in Office Depot by 8.2% in the first quarter.

On Monday, Shares of GGP Inc (NYSE:GGP) gained 1.51% to $22.17.

Stock of Office Depot, Inc. The stock has relative volume of 1.33. BlackRock Advisors LLC raised its stake in Office Depot by 10.2% in the third quarter. Bank of Montreal Can now owns 51,617 shares of the specialty retailer's stock worth $241,000 after buying an additional 17,114 shares during the period. Telsey Advisory Group raised their price objective on shares of Office Depot from $4.40 to $5.25 and gave the stock a "market perform" rating in a research report on Wednesday, May 10th.

Shares of company were isolated negatively of 50 days simple moving average with -2.97% while 200 days simple moving average with 3.35%.

Office Depot, Inc. (ODP) has a 52-week high of $5.54 and a 52-week low of $2.98.

The company's expected revenue in the current quarter to be 2.44 Billion, seeing a projected current quarter growth of 166.7%, and per annum growth estimates over the next 5 year period of around 10.95%. Susquehanna Intll Grp Llp reported 0% in Office Depot Inc (NASDAQ:ODP).

Last time, the company shocked Wall Street by reporting EPS of $0.11, smashing the consensus of $0.01 per share. The Return on Equity (ROE) value stands at 0%.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, ODP earned gross profit of 2.98 Billion, in 2015 2.86 Billion gross profit, while in 2016 Office Depot, Inc. During the same period past year, the business earned $0.10 earnings per share. Now the P/E of Office Depot, Inc. Stockholders of record on Thursday, May 25th will be paid a $0.025 dividend. The stock's Dividend Yield stands at 1.99%. The ex-dividend date of this dividend is Tuesday, May 23rd. The price to earnings growth is 0.37 and the price to sales ratio is 17.

ILLEGAL ACTIVITY NOTICE: This article was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of USA & worldwide copyright & trademark legislation. New York-based Hutchin Hill Cap Lp has invested 0.14% in Office Depot Inc (NASDAQ:ODP).

A number of brokerages recently weighed in on ODP. Currently, the stock has a 1 Year Price Target of $5.16. Price Target plays a critical role when it comes to the analysis of a Stock.

07/23/2015 - Office Depot, Inc. had its " rating reiterated by analysts at Cleveland Research. Oppenheimer Holdings Inc. restated a "hold" rating on shares of Office Depot in a research report on Tuesday, May 9th.

The target price for Office Depot, Inc. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. VASSALLUZZO JOSEPH bought $117,499 worth of Office Depot Inc (NASDAQ:ODP) on Wednesday, March 15. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. Following the completion of the acquisition, the chairman now directly owns 84,534 shares in the company, valued at $397,309.80. Also, EVP Stephen R. Calkins sold 45,434 shares of Office Depot stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $4.63, for a total transaction of $71,468.68.

Office Depot, Inc. (ODP) has the market capitalization of $2.65 Billion. Insiders contain to comply with strict disclosure requirements with regard to the sale or purchase of the shares of their company.

The Stock had a 3 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 3 and 3 respectively.

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