Analyst Ratings for Office Depot Inc. (ODP)

Updated: 2017-07-27

Shares of Office Depot Inc. (NASDAQ:ODP) have received a consensus rating of Hold from Wall Street analysts. ODP had previously received a consensus rating of Hold a month ago.

1 analysts declared ODP a buy, 0 gave an overweight rating, 9 gave a hold rating, 0 gave an underweight rating, and 1 issued a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Several price targets were given for ODP by the analysts covering the stock. The maximum price target given was 6.5, which equates to a potential upside of 10.92 percent. The minimum price target given was 3.1, which equates to a potential downside of -47.1 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 21.43 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0.94 percent. If we look at the last 90 days instead, we find a net average change of 10.31 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of ODP to grow at a rate of -35.76 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of ODP is -0.2.

In the last 52-weeks, ODP has achieved a high of 6.15 and a low of 3.01. Today's price is 94.68 percent above the 52-week low, and 4.72 percent lower than its 52-week high. ODP has a P/E ratio of 7.06. Investors typically compare the P/E ratio to a company's peers in the industry. The ODP value stock report compares ODP to some of its peers using value stock charts. The market cap of ODP is $3.05 billion. ODP's next earnings release will be on 0000-00-00, which is days away.