Office Depot Given Consensus Recommendation of “Hold” by Brokerages (NYSE:ODP)
Shares of Office Depot (NYSE:ODP) have been given a consensus rating of “Hold” by the fourteen analysts that are covering the stock, AnalystRatings.Net reports. Seven investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $6.20.
Shares of Office Depot (NYSE:ODP) opened at 5.19 on Wednesday. Office Depot has a 52 week low of $3.84 and a 52 week high of $5.85. The stock has a 50-day moving average of $5.44 and a 200-day moving average of $4.90. The company’s market cap is $2.775 billion.
Office Depot (NYSE:ODP) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.04. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.28 billion. The company’s quarterly revenue was up 60.2% on a year-over-year basis. On average, analysts predict that Office Depot will post $0.15 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ODP shares. Analysts at Goldman Sachs initiated coverage on shares of Office Depot in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $6.35 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Office Depot in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $6.35 price target on the stock. Finally, analysts at Zacks upgraded shares of Office Depot from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 27th. They now have a $5.30 price target on the stock.
Office Depot, Inc (NYSE:ODP) is a global supplier of office products and services.
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