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

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

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.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.