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Office Depot Inc (NASDAQ:ODP) target price raised to $5.50, reported today by Zacks Investment Research

Yesterday Office Depot Inc (NASDAQ:ODP) traded 0.82% higher at $4.87. The company’s 50-day moving average is $3.74 and its 200-day moving average is $3.59. The last stock close price is up 36.83% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 5,755,032 shares of the stock were exchanged, down from an average trading volume of 8,139,590

Office Depot Inc (NASDAQ:ODP) had its target price raised to $5.50 by Zacks Investment Research in a report released 11/28/2016. The new target price indicates a possible upside of 0.13% based on the company's last stock close price.

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Office Depot Inc (NASDAQ:ODP)

Office Depot Inc has a 52 week low of $3.01 and a 52 week high of $7.91 with a P/E ratio of 8.71 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 8 firms have reported on the stock. The consensus target price is $7.50 with 2 firms rating the stock a strong buy, 2 firms rating the stock a buy, 11 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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