Office Depot Inc (NASDAQ:ODP) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 29, 2016
Zacks Investment Research has downgraded Office Depot Inc (NASDAQ:ODP) to Hold in a statement released on 11/29/2016.
On 11/28/2016, Zacks Investment Research released a statement for Office Depot Inc (NASDAQ:ODP) bumped up the target price from $0.00 to $5.50 that suggested an upside of 0.13%.
Boasting a price of $4.84, Office Depot Inc (NASDAQ:ODP) traded 0.41% higher on the day. With the last stock price close up 35.79% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Office Depot Inc has recorded a 50-day average of $3.77 and a two hundred day average of $3.58. Volume of trade was down over the average, with 5,900,917 shares of ODP changing hands under the typical 8,183,390
With a total market value of $0, Office Depot Inc has price-earnings ratio of 8.62 with a one year low of $3.01 and a one year high of $7.91 .
A total of 8 equity analysts have released a research note on ODP. Two equity analysts rating the company a strong buy, two equity analysts rating the company a buy, eleven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $7.50.
More About Office Depot Inc (NASDAQ:ODP)
Office Depot, Inc. (Office Depot) is a provider of office products and services. The Company sells products and services to consumers through three segments: North American Retail Division, North American Business Solutions Division and International Division. It operates under the Office Depot and OfficeMax brands. It also offers products under various labels, including Foray, Ativa, TUL, WorkPro, Brenton Studio, Highmark, Grand & Toy and Viking Office Products. It offers its products under supplies, technology, furniture and other categories. The supplies category includes products, such as paper, binders and school supplies. The technology category includes products, such as desktop and laptop computers, monitors, cables, software, telephones and wireless communications products, as well as services for technology products. The furniture and other category include products, such as desks, chairs, luggage, sales in its copy and print centers, and other miscellaneous items.
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