Zacks Rating on Office Depot (ODP)

Office Depot (ODP) : The consensus on Office Depot (ODP) based on 8 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Office Depot (ODP) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $7 and the lowest price target forecast is $3. The average forecast of all the analysts is $4.58 and the expected standard deviation is $1.14.


Office Depot, Inc. has dropped 3.17% in the last five trading days, however, the shares have posted positive gains of 6.09% in the last 4 weeks. Office Depot, Inc. is up 6.4% in the last 3-month period. Year-to-Date the stock performance stands at -35.11%. Office Depot (NASDAQ:ODP): stock turned positive on Tuesday. Though the stock opened at $3.5, the bulls momentum made the stock top out at $3.66 level for the day. The stock recorded a low of $3.5 and closed the trading day at $3.66, in the green by 3.68%. The total traded volume for the day was 5,272,873. The stock had closed at $3.53 in the previous days trading.

Office Depot, Inc. is a supplier 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. The North American Retail Division sells an assortment of merchandise through its chain of office supply stores throughout the United States, including Puerto Rico and the U.S. Virgin Islands. The North American Business Solutions Division sells office supplies, technology products, cleaning and breakroom supplies, office furniture, certain services, and other solutions to customers. The International Division sells office products and services through direct mail catalogs, contract sales forces, Internet sites and retail stores. The Company also operates a network of distribution centers (DC) and crossdock facilities across the United States, Puerto Rico and Canada.

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