Office Depot, Inc. (ODP) Downgraded by BidaskClub to "Hold"

Marco Green
January 23, 2018

This is the consensus price target based on the analysts polled by Thomson Reuters' First Call, the average is taken from the individual analysts which provided targets and are short term projections for the 12 months. Schwab Charles Investment Management Inc. now owns 2,880,925 shares of the specialty retailer's stock valued at $16,249,000 after purchasing an additional 219,247 shares in the last quarter. Office Depot Inc now has $1.82 billion valuation. (IMGN), during the trading sessions, it is clear to see that the prices of their shares moved to $8.01.

Bislett Management Llc, which manages about $168.26 million US Long portfolio, decreased its stake in Yum Brands Inc (NYSE:YUM) by 5,000 shares to 95,000 shares, valued at $6.99 million in 2017Q3, according to the filing.

For the current quarter Office Depot Cmn (NASDAQ:ODP) has average revenue estimates of $2.61 Billion, a total number of 5 analysts provided estimations over revenues.

China Information Technology, Inc. provides cloud platform, exchange, and big data solutions for the government, education, healthcare, media, transportation, and other private sectors in the People's Republic of China. The company has 510.06 Million shares outstanding and 503.06 Million shares were floated in market. It now has negative earnings. Jefferies Group reissued a "hold" rating and set a $4.15 target price (down from $5.00) on shares of Office Depot in a report on Friday, October 6th. Therefore 25% are positive. (NASDAQ:ODP) earned "Underweight" rating by JP Morgan on Monday, October 30.

Analysts See Office Depot, Inc. (NASDAQ:ODP). Kames Plc owns 578,151 shares for 0.07% of their portfolio. The firm has "Buy" rating given on Tuesday, September 8 by B. Riley & Co. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 4,245 shares in the quarter, leaving it with 52,335 shares, and cut its stake in Caterpillar Inc Del (NYSE:CAT). (NASDAQ:ODP). 28,534 are held by Miller Ltd Partnership. Telsey Advisory Group has "Market Perform" rating and $4.50 target.

The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc.) made by the brokerage firms for the given stock. DNTUF's SI was 2.82M shares in January as released by FINRA. Zacks Investment Research's EPS calculations are a mean average based on a survey of research firms that cover Office Depot. The rating was maintained by Jefferies on Friday, October 6 with "Hold". (NASDAQ:ODP) earned "Hold" rating by Jefferies on Wednesday, June 14. Tiaa Cref Investment Management Limited Liability Corporation owns 0.01% invested in Office Depot, Inc. (NYSE:VZ) or 147,105 shares. Fifth Street Finance Corp (NASDAQ:FSC) was reduced too. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.85%. 360,000 Office Depot, Inc. Shares for $4,637 were sold by RABINOVITCH MICHAEL on Friday, January 5. Allison Michael R also sold $1.38 million worth of Office Depot, Inc.

The Return on Invested Capital (aka ROIC) for Oriflame Holding AG (OM:ORI) is 0.381385. Its down 0.44, from 1.31 in 2017Q2.

Several analysts recently commented on ODP shares. 27 funds opened positions while 81 raised stakes.

ODP has been the topic of a number of other research reports. (NASDAQ:ODP). Advantus Mgmt Incorporated holds 65,545 shares or 0.01% of its portfolio. The Return on Assets for Office Depot, Inc. (NASDAQ:MINI). Tiaa Cref Invest Mngmt Lc accumulated 117,249 shares or 0% of the stock. Dupont Capital invested in 0.01% or 137,327 shares. (NASDAQ:ODP). Loring Wolcott Coolidge Fiduciary Advsrs Llp Ma owns 2,975 shares or 0% of their USA portfolio. Tocqueville Asset Mngmt Limited Partnership owns 25,472 shares or 0% of their United States portfolio. Retirement Systems Of Alabama has invested 0.02% in Office Depot, Inc. (NASDAQ:ODP). Ing Groep Nv invested in 63,490 shares.

Office Depot, Inc. (ODP)'s ROE is 12.75%, while industry's is 11.16%. Now shares of Tahoe Res Inc (NYSE:TAHO) have an average brokerage recommendation (ABR) of 2.11 number of Recs in ABR is 9 however the company's industry rank by ABR is 44 out of 265. (NASDAQ:ODP) for 42,733 shares. Narrowing our focus to the previous 1 month, the shares have been up by 2.03%. Susquehanna Gp Llp invested 0% of its portfolio in Mobile Mini, Inc. (NASDAQ:ODP). State Street accumulated 0.01% or 18.84M shares. (NYSE:VZ). Cadence Management Limited Liability Company reported 278,209 shares or 0.86% of all its holdings. During the past three months the stock gain -4.05%, however six months performance of the stock remained at -41.71%.

The Free Cash Flor Yield 5yr Average is calculated by taking the five year average free cash flow of a company, and dividing it by the current enterprise value. Yandex N.V. (NASDAQ:YNDX) has risen 50.13% since January 19, 2017 and is uptrending. It has underperformed by 17.22% the S&P500.

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