Analyst Sentiment Outlines Long Term Upside for Office Depot, Inc. (NASDAQ:ODP)

Analyst Sentiment Outlines Long Term Upside for Office Depot, Inc. (NASDAQ:ODP)”

More notable recent Office Depot Inc (NASDAQ:ODP) news were published by: which released: "Office Depot Acquires Complete Office Solutions" on October 12, 2017, also with their article: "Office Depot Offers Early Black Friday Deals in Stores and at ..." published on October 26, 2017, published: "Office Depot Launches BizBox to Help Customers Start, Grow and Succeed" on November 07, 2017.

A number of brokerages have recently commented on ODP.

Despite the past success, investors want to know where the stock is headed from here.

Other hedge funds have also made changes to their positions in the company.

Analyst Thoughts About Office Depot, Inc. (NASDAQ:ARGS) traded up 15.77% in the last session while performance was up 0.16% in the last five days.

Office Depot (ODP) traded down $0.13 during mid-day trading on Tuesday, hitting $3.09. In third place is Dimensional Fund Advisors Lp with 34,029,233 shares held. State Street Corp now owns 18,758,006 shares of the specialty retailer's stock worth $105,796,000 after acquiring an additional 384,531 shares in the last quarter. Northern Trust Corp now owns 13,355,039 shares of the specialty retailer's stock worth $75,322,000 after acquiring an additional 932,852 shares in the last quarter. Previously Office Depot Cmn (NASDAQ:ODP) reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $-0.02 with surprise factor of -25%. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and global copyright & trademark law. (NASDAQ:ODP) have been recommended as a long term growth pick.

In other news, insider Michael R. Allison sold 360,000 shares of the stock in a transaction dated Friday, October 13th. After a recent check, company stock has been trading near the $3.11 mark. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Sterling Cap Management Ltd Limited Liability Company stated it has 281,516 shares or 0.02% of all its holdings. The count of Hold ratings in that period was 0. Office Depot had 21 analyst reports since September 8, 2015 according to SRatingsIntel. Fairpointe Capital Llc sold 1.13 million shares as the company's stock rose 10.79% with the market. The company presently has an average rating of "Hold" and a consensus target price of $5.08. The stock stands almost -48.52% off versus the 52-week high and 8.42% away from the 52-week low. CSX trades with a P/S ratio of 3.97. The company has a quick ratio of 0.92, a current ratio of 1.59 and a debt-to-equity ratio of 0.57. The firm's stock has a market capitalization of $1.65 bln.

Parametrica Management Limited holds 0.17% of its portfolio in Office Depot Inc (NASDAQ:ODP) for 32,267 shares. For the last period, the company reported quarter over quarter EPS growth of -90.50% and quarter over quarter sales growth of -8.50%. Revenue during the quarter was $2.36 billion, representing -27% growth from $3.22 billion in year-ago quarter. Office Depot had a return on equity of 11.70% and a net margin of 2.41%. The business's revenue for the quarter was down 8.5% compared to the same quarter previous year. Bank of America Corporation reiterated a "buy" rating and issued a $6.00 price target on shares of Office Depot in a research note on Tuesday, September 5th. The Company sells products and services to consumers through three segments: North American Retail Division, North American Business Solutions Division and International Division.

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