Office Depot Inc. (ODP): Technical Analysis and analyst Ratings


Office Depot Inc. (NASDAQ:ODP) changes shares on Friday trading session, with a change of -3.08% or -$0.08 shares. The trading starts at $2.69 and closed at $2.60 throughout the day. The trading session low price was $2.39 and day high was $2.69 on Friday, June 12. After the session, the Consumer Cyclical sector daily volume shifted to 6.67 million while its average volume is 7.64M. In other hand, the ODP market cap reached to $1.37B. While, its current target price is $2.52 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -9.03% and up 26.00% for month. Its quarterly performance was 37.70% above, while its half year performance is up 11.01%. ODP yearly performance stood at positive 29.90% and fall -8.03% for year-to-date. Current recommendation for Office Depot Inc. is 3.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ODP EPS (TTM) for 12-month is 0.25. EPS for this year is 2.00%, while for the next year its value is 0.37. Sales growth for the current quarter is 0.83 while its EPS Q/Q reached 482.30%. It has an EPS of 18.40% up for past five years and for the next five years will be up 12.30%.

Let’s take a look on the analyst recommendations on ODP for the current month and previous month. For the current month, 1 of 4 analysts recommend stock as Buy while 2 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 5 analysts participate in stock recommendation. Out of 5, 2 rated it sell, 1 rated it as Buy and 1 as Hold Ratings. On the other hand, target price ranges from $1.80-$4.00. Average target price for ODP was reached at $2.90.

Blackrock Inc., Vanguard Group, Inc. (The) and Dimensional Fund Advisors LP are the top three holders in Office Depot Inc. (ODP) stock. On Mar 30, 2020, Blackrock Inc. has 83.18 million shares which valued 136.41 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 60.16 million shares which valued at 98.66 million. On Mar 30, 2020, Dimensional Fund Advisors LP has a total of 43.62 million shares which valued at 71.54 million. In the end, Dimensional Fund Advisors LP have 8.29% shares outstanding of Office Depot Inc. (ODP) on Mar 30, 2020. The insider ownership moved to 1.80% and institutional holding shifted to 98.20%.

The company posted an EPS (TTM) of 0.25. According to the most recent quarter report on (Jun 2020), 3 analysts estimated an average EPS of 0.02, while 0.07 EPS posted a year ago period. Analyst Estimated EPS for ODP published in the report was -0.01-0.08 during the same period. Comparing with last year, the average estimated EPS was 0.07 which is lower than 0.12 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ODP rise 18.81% for period of 200 days. SMA for 50 days was 18.50% which is showing green signal, while SMA-20 was 2.45%. The moving average value for Office Depot Inc. (ODP) is 2.2307 and 2.3129 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ODP stock. On May 18, Mohan Stephen M., EVP – Business Solutions Div, sold 33,000 trading shares at the cost of $2.25, which valued at 74257.0.