Brokerage Firm Rating Update on Office Depot (ODP)

Office Depot (ODP) has an average broker rating of 3, which is interpreted as a Hold, as rated by 8 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Office Depot (ODP) : The consensus price target for Office Depot (ODP) is $4.58 for the short term with a standard deviation of $1.14. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $7, however, the pessimist price target for the company is $3.


Company shares have received an average consensus rating of Hold for the current week Also, UBS maintains its view on Office Depot (NASDAQ:ODP) according to the research report released by the firm to its investors. The shares have now been rated Sell by the stock experts at the ratings house. UBS lowers the price target from $4 per share to $3.1 per share on Office Depot . The rating by the firm was issued on August 4, 2016.

Office Depot (NASDAQ:ODP): The stock opened at $3.58 and touched an intraday high of $3.76 on Wednesday. During the day, the stock corrected to an intraday low of $3.58, however, the bulls stepped in and pushed the price higher to close in the green at $3.75 with a gain of 3.88% for the day. The total traded volume for the day was 6,262,737. The stock had closed at $3.61 in the previous trading session.

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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