Opinion

Office Depot, Inc. (NASDAQ:ODP) current consensus investment analysts is to Hold

Office Depot, Inc. (NASDAQ:ODP) stock is presently standing at about $4.62 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 8 analysts covering the company is $4.60, which suggests the stock could still rise over 0 percent. The highest analyst price target is $6.50, which implies a rally of 59 percent. And a quick view of analyst notes show that 1 are rating the stock a buy while 1 rate ODP a strong buy. There are 12 equity research firms advocating a Hold and 0 consider it Sell.

Loop Capital analysts provided their view on Office Depot, Inc. (NASDAQ:ODP) recently. The rating firm issued a Hold rating to this company in a research note released on Dec 13, 2016. UBS analysts disclosed their opinion on Office Depot, Inc. (NASDAQ:ODP) recently. The rating firm gave a Sell rating to this stock in a research note published on May 11, 2016. According to a research note disclosed on May 11, 2016, analysts at Jefferies have lowered their rating on these shares from Buy to Hold.

Office Depot, Inc. (NASDAQ:ODP) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its EVP-Chief Legal Officer & Secy Calkins Stephen R sold 4,532 company shares for 20440, in a transaction on 2017-03-06. Following the transaction, the EVP-Chief Legal Officer & Secy is left with a stake of 480,851 shares, currently valued at $2221532. Meanwhile, EVP & Chief Strategy Officer Johansson Juliet sold 8,385 shares worth $39660, through a transaction dated 2016-12-16. Following the completion of the transaction, the insider is left with a stake of 234,782 shares, amounting $1084692.84. ODP EVP, Chief People Officer Allison Michael R also sold 23,434 shares, at a stock price of $3.64. This transaction occurred on 2016-08-24 totals $85300. After this transaction, the insider’s stake stands at 603,049 shares, with a market value of $2786086.

Executives hold 3.58 percent of the stock. Roland C. Smith is one of the biggest insider owners in Office Depot, Inc. (NASDAQ:ODP), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 3,460,495 shares which have current market value of around $15987486.9.Ravichandra K. Saligram is another major inside shareholder in the company. The insider owns 1,914,365 shares as of 0.37%, currently worth $8844366.3. Mr. Stephen A. Odland is ranked as third insider holder of the stock. This insider holds 1,763,924 shares with a market value around $8149328.88 as of recent close.

Office Depot, Inc. (NASDAQ:ODP) Earnings Outlook

In Office Depot, Inc. (NASDAQ:ODP)’s latest quarter, EPS moved to $0.11 from $0.16 in preceding quarter and revenues reached at $2,725.00M compared to $3,419.00M. Analysts had expected Office Depot, Inc. (NASDAQ:ODP) to post net income of about $0.10 per share on $2,711.11M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.09 to $0.13. That is compared with the $0.10 in EPS it reported during the same period a year ago.

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