Economy

Office Depot (ODP) Earning Somewhat Positive Press Coverage, Study Shows

Office Depot (ODP) Earning Somewhat Positive Press Coverage, Study Shows

The company's market cap is $1.79 Billion. About 3.65 million shares traded or 25.58% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since January 19, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Invesco Ltd increased Office Depot Inc (ODP) stake by 66.5% reported in 2017Q3 SEC filing. A year ago the company's sales were $2730000 while its sales growth yearly estimates for the current quarter are -4.1%.

Office Depot Inc (NASDAQ ODP) opened at $3.50 on Thursday.

The stock increased 3.12% or $1.15 during the last trading session, reaching $37.99. (NASDAQ:ODP) for 2.86M shares.

Alpha Windward LLC grew its position in Office Depot Inc (NASDAQ:ODP) by 38.0% in the 4th quarter, according to its most recent disclosure with the SEC. It has outperformed by 34.35% the S&P500. The overall volume in the last trading session was 3.53 million shares. Shares for $1.38 million were sold by Allison Michael R. Zacks Investment Research raised shares of Office Depot from a "sell" rating to a "hold" rating in a report on Tuesday, December 5th. Therefore 20% are positive. Cubist Systematic Strategies Ltd Liability Company has invested 0.02% in Office Depot, Inc. (NASDAQ:ODP) on Wednesday, February 24 with "Outperform" rating. BidaskClub downgraded shares of Office Depot from a "hold" rating to a "sell" rating in a report on Friday, September 22nd. (NasdaqGS:ODP)'s ROIC is 0.085413. Dekabank Deutsche Girozentrale holds 0.01% in Office Depot, Inc. (NASDAQ:ODP) rating on Thursday, August 4. The rating was maintained by Bank of America with "Buy" on Tuesday, September 5. The firm earned "Hold" rating on Thursday, September 28 by Jefferies. American International Group Inc. lifted its holdings in Office Depot by 3.0% in the 3rd quarter. $5.96's average target is 69.80% above currents $3.51 stock price.

More news: Compass Minerals International (NYSE:CMP) Upgraded at Zacks Investment Research

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.44, from 1.31 in 2017Q2. However, at the Wall Street, the shares for the company has been tagged a $4.04 price target, indicating that the shares will rally 15.43% from its current levels. 461.44 million shares or 1.55% less from 468.70 million shares in 2017Q2 were reported. Old Mutual Customised Solutions (Proprietary) accumulated 18,700 shares or 0.01% of the stock. Macquarie Group Incorporated reported 195,000 shares or 0% of all its holdings. Ancora Limited Liability Com holds 124,000 shares. Bnp Paribas Arbitrage holds 0% or 344,755 shares.

The good news is there's still room for Office Depot, Inc. The company's quarterly revenue was down 7.6% compared to the same quarter last year. sell-side analysts expect that Office Depot Inc will post 0.44 earnings per share for the current year. (NASDAQ:ODP). Nomura Asset Management holds 16,100 shares. The Breton Hill Capital Ltd holds 183,747 shares with $11.79M value, up from 167,400 last quarter. The number of shares now owned by investors are 86.7 mln. New York-based Jpmorgan Chase And Company has invested 0.02% in Las Vegas Sands Corp. (NASDAQ:MYGN). White Pine Cap Ltd has 9,985 shares for 0% of their portfolio. (NasdaqGS:ODP) has a Shareholder Yield of 0.076598 and a Shareholder Yield (Mebane Faber) of 0.12354.

Shares of Office Depot (ODP) opened at $3.51 on Friday. (NASDAQ:ODP) for 71,478 shares. 111,039 were reported by Art Advsrs Ltd Liability Company. FMR LLC grew its stake in shares of Office Depot by 46.5% in the second quarter. It is negative, as 33 investors sold Myriad Genetics, Inc. shares while 72 reduced holdings. The C-Score is calculated by a variety of items, including a growing difference in net income verse cash flow, increasing days outstanding, growing days sales of inventory, increasing assets to sales, declines in depreciation, and high total asset growth.

Among 26 analysts covering Verizon Communications Inc. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Therefore 62% are positive. Las Vegas Sands had 51 analyst reports since July 23, 2015 according to SRatingsIntel. (NASDAQ:MYGN) earned "Hold" rating by Piper Jaffray on Sunday, October 15. The firm has "Underweight" rating by Morgan Stanley given on Wednesday, August 10. PiperJaffray downgraded the shares of MYGN in report on Wednesday, August 10 to "Neutral" rating. The rating was maintained by Jefferies with "Hold" on Wednesday, October 4. The stock has "Hold" rating by KeyBanc Capital Markets on Wednesday, October 11. The stock of Verizon Communications Inc. (NYSE:LVS). Manufacturers Life Insurance The has 0.02% invested in Las Vegas Sands Corp. Its the same as in 2017Q2. Hedge funds and other institutional investors own 93.12% of the company's stock. Blair William & Il stated it has 0.01% of its portfolio in Myriad Genetics, Inc. (NYSE:VZ). Asset One Limited has invested 0.75% in Verizon Communications Inc. (NYSE:VZ). Brookstone Mngmt holds 141,903 shares or 0.64% of its portfolio. Jones Financial Companies Lllp holds 0.02% in Verizon Communications Inc. Fmr Llc reported 0.39% in Verizon Communications Inc. Office Depot Inc now has $1.81B valuation. (NYSE:VZ). Cadence Management Limited Liability Company reported 278,209 shares or 0.86% of all its holdings. Thrivent Fincl For Lutherans owns 2.24M shares. Ami Asset Mgmt Corporation invested 0.94% in Verizon Communications Inc. (NYSE:VZ). Twin Mngmt Inc owns 288,055 shares or 0.75% of their USA portfolio. Pnc Fincl Services Grp Inc Inc Inc invested 0% of its portfolio in Myriad Genetics, Inc.

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