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Should You Buy Office Depot, Inc. (NASDAQ:ODP) On Current Analyst Views?

Should You Buy Office Depot, Inc. (NASDAQ:ODP) On Current Analyst Views?

Office Depot Inc. now has $3.05B valuation. Management expects total sales to be lower in 2017 versus 2016 due to store closures, tough market conditions and losses of contract customers in the previous year. Thrivent For Lutherans invested 0% in Office Depot Inc (NASDAQ:ODP). It has outperformed by 34.35% the S&P500. The specialty retailer reported $0.16 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.12 by $0.04. Gross Profit (ttm) is 2.71 Million. During the same quarter past year, the company earned $0.10 EPS. Over the last three months, the shares of the company have changed 16.95% and performed 22.59% over the last six months.

Since January 1, 0001, it had 1 buying transaction, and 8 selling transactions for $1.34 million activity.

Analyst research firms are expressing bullish stance on Office Depot, Inc. Allison Michael R sold 66,217 shares worth $336,449. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/07/14/united-services-automobile-association-purchases-new-stake-in-office-depot-inc-odp-updated.html.

Los Angeles Capital Management & Equity Research Inc. raised its stake in Office Depot, Inc. The increase or decrease in volatility results from changes in investors emotions in the market place. Its up 0.04, from 0.98 in 2016Q3. Oppenheimer Holdings, Inc. restated a "hold" rating on shares of Office Depot in a report on Tuesday, May 9th. 457.89 million shares or 4.51% less from 479.51 million shares in 2016Q3 were reported. (NASDAQ:ODP) by 0.1% during the second quarter, Holdings Channel reports. The share price has moved backward from its 20 days moving average -0.41% and negatively from its 50 days moving average -1.33%.

05/11/2016 - Office Depot, Inc. had its " rating reiterated by analysts at Wells Fargo. The dividend payment was $0.025 per share for the quarter which is $0.10 annualized. Profund Advsr Lc holds 0.03% or 131,402 shares in its portfolio. But even with this move, there is still plenty of room for the company to come back from a longer term perspective, and especially if we look to recent lows for the company as well. LSV Asset Management boosted its position in shares of Office Depot by 405.7% in the first quarter. Hudson Bay Mngmt Ltd Partnership owns 1.31 million shares. The Beta factor for the stock is listed at 0.75. The company has market cap of $3.03 billion. The Company's segments include North American Retail Division and North American Business Solutions Division.

Top Actress Trolled for Skinny Avatar
On the work front, Deepika Padukone is now shooting for her upcoming film Padmavati which is directed by Sanjay Leela Bhansali. Deepika is seen posing in a black slip dress with a diamond necklace in the black and white photo.

The price/earnings ratio (P/E) is 4.32 and the forward P/E ratio stands at 10.18. The North American Retail Division includes retail stores in the United States, including Puerto Rico and the United States Virgin Islands, which offer office supplies, technology products and solutions, business machines and related supplies, facilities products and office furniture. Zacks Investment Research upgraded shares of Office Depot from a "hold" rating to a "buy" rating and set a $6.00 price objective for the company in a report on Wednesday, May 10th. Therefore 54% are positive. Office Depot Inc (NASDAQ:ODP) has risen 51.05% since July 13, 2016 and is uptrending. UBS had a markedly different take on 11/05/2016, proposing that ODP is now considered Sell versus prior Neutral rating. On Monday, March 7 the stock rating was maintained by Credit Suisse with "Outperform". As per Wednesday, June 14, the company rating was maintained by Jefferies. 25,000 shares were bought by VASSALLUZZO JOSEPH, worth $117,499. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. While it's Return on Investment (ROI) value is 24.2%. During the last month, the stock has changed 4.34% and performed 1.83% over the last 6 months. The rating was initiated by Loop Capital with "Hold" on Tuesday, December 13. Maxim Group has "Buy" rating and $10.50 target. It has a 6.72 P/E ratio. Overbought and oversold levels can be used to identify unsustainable price extremes.

Investors sentiment decreased to 1.09 in 2016 Q4. (NYSE:NKE) plummeted -0.94% to $58.18.

Many brokerage firms also published research on the share. Nomura Asset Management Co. Deutsche Bankshares Ag holds 4,598 shares. (MORE) now has a value of $11.89 while the company's 52 week low is at $9.55, the shares dropped to the 52 week low on 06/01/17. Breton Hill Capital Limited reported 57,300 shares. State Street Corp invested 0% in Two Harbors Investment Corp (NYSE:TWO).

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