Office Depot, Inc. (NASDAQ:ODP) registered a 0.93% increase, still its new closing price is 44.97% up from the company’s 1 year high of 7.81.It posted -0.69% losses in previous 5 sessions and is now the subject of 12 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 1 sells versus 1 buy or better ratings. The 15 stock analysts following this company have an average price target at $4.99, with individual PT in the $3.10-$8.00 range. The shares moved at $4.34, implying that brokerage firms see shares losing about -13.15% in twelve months time.
Office Depot, Inc. (ODP) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -3.98% fall year to date. A EVP & Chief Strategy Officer at Office Depot, Inc. (ODP) offloaded shares in a transaction closed on Friday December 16, 2016. Johansson Juliet sold 8,385 shares in the company at $4.73 each and collected $39,001 in proceeds. Johansson Juliet now owns 234,782 shares in the company after this transaction. A EVP, Chief People Officer in the company, Allison Michael R, disclosed a transaction on Wednesday August 24, 2016 that ended up generating $85,000 from the sale of 23,434 shares at $3.64 per share.
Office Depot, Inc. (NASDAQ:ODP) Upcoming Results on Tap
Office Depot, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.07 in that period. Sales during the quarter are predicted to arrive at $2.7 billion.
Earnings surprise history: Last quarter, the company posted approximately $3.42 billion in revenue and EPS of $0.16. The mean forecast was for $3.49 billion and $0.15 a share, respectively. One quarter earlier, revenue for the stock was at $3.22 billion, with earnings at $0.03/share.
Office Depot, Inc. (ODP) Brokerage Update
Office Depot, Inc. (ODP) is in UBS’s research list so their analyst rating change is noteworthy. These shares were downgraded to Sell from Neutral by UBS, according to news reported on Wednesday May 11, 2016.Another important research note was issued by Jefferies on Wednesday May 11, 2016.The firm downgraded ODP to Hold from Buy. Over the last six months and over the last three months, the shares of Office Depot, Inc. (ODP), have changed 26.28% and 43.07%, respectively.