Office Depot Inc (NASDAQ:ODP) during previous trade, a total of 7.44M shares exchanged hands compared with its average trading volume of 5.15M shares whereas its relative volume is 1.30. The stock has a market capitalization of $2.60B along with 516.64M outstanding shares. Stock’s intraday price range hit the peak level of $5.11 and touched the lowest level of $4.93.
Most recently Office Depot Inc (NASDAQ:ODP)’s price target was revised on 5/10/17 and according to 7 analysts stock’s price will reach at $5.05 during 52 weeks with standard deviation of 1.14. Stock’s minimum price target estimates has been figured out at $3.10 while the maximum price target forecast is established at $5.80, if we look at the price target with an optimistic approach it has upside potential of 15% from its latest closing price of $5.03.
Historically, if we look at price target revisions, three weeks ago Office Depot Inc (NASDAQ:ODP)’s price target was revised on 3/02/17 by the analysts, however the bullish price estimates of the stock set at $6.50 while the bearish estimates kept at $3.10 over the next one year. Stock’s 52-week target was retained at $4.68, the estimates indicates a standard deviation of 1.10.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.75. ABR value is precisely based on brokerage recommendations, where out of 8 brokerage recommendations 1 rate Office Depot Inc (NASDAQ:ODP) stock a Strong Buy, 0 rate the stocks of the company a Buy, 7 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 5/11/16 the stock of Office Depot Inc (NASDAQ:ODP) downgraded by UBS from Neutral to Sell. However previously on 5/11/16 it was downgraded by Jefferies from Buy to Hold. A research note issued on 5/11/16 the stock was downgraded by Telsey Advisory Group from Outperform to Market Perform.
Office Depot Inc (NASDAQ:ODP) performance over the past one year soared 53.88% whereas its year to date (YTD) performance indicated a bullish trend of 11.95%. During the last six months the stock climbed 13.82%. Quarterly performance of the company shows optimistic momentum of 11.46% while its last one month trend is positive with 1.62%. Stock’s weekly performance expressed down trend of -2.33%.
The company’s price sits 4.21% above from its 50-day moving average of $4.95 and 18.15% above from the stock’s 200-day moving average which is $4.65. Office Depot Inc (NASDAQ:ODP)’s shares are currently trading -9.21% away from the 52-week high price of $5.54 and +69.03% far from the 52-week low price of $2.98.
According to consensus agreement of 13 analysts Office Depot Inc (NASDAQ:ODP) will report earnings per share of $0.08 in their quarterly report and it is expected to announce the company’s results on 8/2/17. For the current quarter the company has high EPS estimates of $0.11 in contradiction of low EPS estimates of $0.06. However a year ago for the same quarter the company has reported $0.03 EPS. Current year EPS projections for Office Depot Inc (NASDAQ:ODP) set at $0.52 according to the sentiments of 14 analysts, while its lowest earnings estimates are $0.46 and highest earnings estimates are $0.58.
According to 10 analysts, Office Depot Inc (NASDAQ:ODP)’s revenue estimates for the current quarter are $2.44B meanwhile the company has high revenue estimates of $2.51B in contradiction of low revenue estimates of $2.41B. For the current year the company’s revenue estimates are $10.28B compared to low analyst estimates of $10.15B and high estimates of $10.47B according to the projection of 11 analysts.