Economy

Office Depot (ODP) Rating Lowered to Sell at BidaskClub

Office Depot (ODP) Rating Lowered to Sell at BidaskClub

In the liquidity ratio analysis; current ratio was 1.5 while Total Debt/Equity ratio was 0.52.

Analysts are also projecting an Average Revenue Estimate for Office Depot, Inc.as $2.61 Million in the Current Quarter. 27 funds opened positions while 81 raised stakes.

The price-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings. Moreover, Fuller And Thaler Asset Mngmt has 0% invested in Office Depot, Inc. (NASDAQ:ODP). Ftb Advsrs reported 1,650 shares or 0% of all its holdings. Credit Suisse maintained Office Depot, Inc.

Taking a broader look at the analyst consensus, brokerage firms have a price target of $4.1 on Office Depot Cmn (NASDAQ:ODP).

Office Depot Cmn (NASDAQ:ODP) as of recent trade, has shown weekly downbeat performance of -0.96% which was maintained at -13.85% in 1-month period. Citigroup holds 777,809 shares or 0% of its portfolio. (NASDAQ:ODP) rating on Wednesday, June 14. Ameritas Investment Partners Inc. now owns 198,201 shares of the specialty retailer's stock worth $1,118,000 after acquiring an additional 2,843 shares during the last quarter. Advisory Ntwk owns 843 shares. Thrivent Financial For Lutherans has 0% invested in Office Depot, Inc. Office Depot, Inc. (ODP) average trading volume of 4,143,160 during the past month is 26.88% below its average volume over the past year, indicating that investors have been less active than usual in the stock in recent times. (NASDAQ:ODP). Hancock Holdings holds 0.39% or 2.04 million shares. Louisiana State Employees Retirement System reported 0.03% stake. The firm has a market cap of $1,610.00, a price-to-earnings ratio of 6.62, a PEG ratio of 0.48 and a beta of 2.47. Nicholas Investment Prns Lp has invested 0.18% in The Home Depot, Inc. Access it here: 000114036118008271. The Home Depot Inc. had 107 analyst reports since August 19, 2015 according to SRatingsIntel. J.P. Morgan downgraded Office Depot, Inc. This is increased by 44869138. There were 41 that closed positions and 96 reduced them. If RVOL is above 2 it is In Play and this is more evidence Investors ought to be in the name. Jane Street Lc reported 0% in Office Depot, Inc. Joshua Friedman And Mitchell Julis Canyon Capital Advisors Llc owns 14077373 shares or 2.48% of its portfolio. In the last month, the price of ODP has decreased -14.40%. Further, Gendell Jeffrey L reported stake worth 2.08% of its portfolio.

Office Depot, Inc provides a selection of products and services to consumers and businesses of various sizes. It offers office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture, as well as copy and print services.

More news: Trump Flying To Florida, Plans To Meet With Families Impacted Shooting

Analysts await The Kroger Co. (NASDAQ:ODP) to report earnings on March, 7.

EPS in next five years is expected to touch 5.21% while EPS growth in past 5 year was 36.30% along with sales growth of -0.80% in the last five years.

Analysts are expecting average earnings estimates of $0.07 for the current quarter based on the opinion of 6 analysts, relating to high earnings per share estimates of $0.08 and low estimates of $0.06, however Office Depot Cmn (NASDAQ:ODP) reported $0.11 earnings per share for the same quarter a year ago. It is down 51.05% since February 16, 2017 and is uptrending. It has outperformed by 34.35% the S&P500. Vaughan David Investments Inc who had been investing in Kroger Co for a number of months, seems to be less bullish one the $25.47B market cap company. The firm operates in two divisions, North American Retail and North American Business Solutions. Zacks Investment Research upgraded shares of Office Depot from a "sell" rating to a "hold" rating in a research report on Tuesday, December 5th. Therefore 25% are positive. Office Depot Cmn (NASDAQ:ODP) has a market cap of $1.57 Billion and the number of outstanding shares have been calculated 506.13 Million. The stock decreased 0.59% or $1.08 during the last trading session, reaching $182.64. Talend had 2 analyst reports since August 24, 2016 according to SRatingsIntel. The rating was downgraded by Jefferies to "Sell" on Wednesday, May 11. (NASDAQ:ODP) earned "Outperform" rating by Telsey Advisory Group on Tuesday, December 8. Loop Capital initiated the stock with "Hold" rating in Tuesday, December 13 report. The rating was downgraded by Telsey Advisory Group on Wednesday, May 11 to "Market Perform".

In the past 5 years, the stock showed growth of 20.74% per annum. Jefferies has "Hold" rating and $500 target. The rating was maintained by Jefferies on Thursday, September 28 with "Hold". RBC Capital Markets maintained the stock with "Outperform" rating in Friday, October 13 report. (NASDAQ:ODP) on Monday, October 30 to "Sell" rating.

More notable recent Office Depot, Inc. If we consider a median price to earnings ratio on the stock, that corresponds with a stock price of 6.20. More interesting news about Office Depot, Inc.

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