News coverage about Office Depot (NASDAQ:ODP) has been trending somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Office Depot earned a daily sentiment score of 0.02 on Accern’s scale. Accern also assigned news stories about the specialty retailer an impact score of 45.5092474663126 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

Several brokerages recently commented on ODP. BidaskClub downgraded shares of Office Depot from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research downgraded shares of Office Depot from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Loop Capital reiterated a “hold” rating and set a $5.00 price target on shares of Office Depot in a report on Wednesday, July 12th. Deutsche Bank AG reiterated a “hold” rating and set a $5.00 price target (down from $5.75) on shares of Office Depot in a report on Thursday, August 10th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $6.00 price target on shares of Office Depot in a report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $5.08.

Office Depot (ODP) traded up $0.11 during trading on Friday, reaching $3.23. 3,582,382 shares of the company’s stock traded hands, compared to its average volume of 5,963,372. The company has a market capitalization of $1.65 billion, a PE ratio of 6.51, a PEG ratio of 0.99 and a beta of 2.82. The company has a current ratio of 1.59, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57.

Office Depot (NASDAQ:ODP) last released its quarterly earnings data on Wednesday, August 9th. The specialty retailer reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Office Depot had a net margin of 2.49% and a return on equity of 13.97%. Office Depot’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. analysts anticipate that Office Depot will post 0.44 EPS for the current year.

In other Office Depot news, insider Michael R. Allison sold 360,000 shares of the business’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $3.83, for a total value of $1,378,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.43% of the stock is owned by insiders.

WARNING: This article was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at

Office Depot Company Profile

Office Depot, Inc provides a selection of products and services to consumers and businesses of various sizes. The Company’s segments include North American Retail Division and North American Business Solutions Division. 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.

Insider Buying and Selling by Quarter for Office Depot (NASDAQ:ODP)

Receive News & Ratings for Office Depot Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Office Depot Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.