News stories about Office Depot (NASDAQ:ODP) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Office Depot earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the specialty retailer an impact score of 44.8305808074408 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Factors Likely to Influence Office Depot’s (ODP) Q4 Earnings (finance.yahoo.com)
- How Analysts View Office Depot before Its Upcoming Earnings (finance.yahoo.com)
- Factors Likely to Influence Office Depot's (ODP) Q4 Earnings (finance.yahoo.com)
- Office Depot, Inc. (ODP) Stock in the Investor Spotlight – Wall Street Morning (wallstreetmorning.com)
- Only 3 Days Left To Office Depot Inc (NASDAQ:ODP)’s Ex-Dividend Date, Is It Worth Buying? (finance.yahoo.com)
Office Depot (NASDAQ ODP) opened at $2.90 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.52 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1,538.03, a price-to-earnings ratio of 4.92, a P/E/G ratio of 0.46 and a beta of 2.47. Office Depot has a 1-year low of $2.89 and a 1-year high of $6.26.
ODP has been the topic of a number of research reports. ValuEngine downgraded Office Depot from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research raised Office Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, BidaskClub downgraded Office Depot from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Office Depot currently has a consensus rating of “Hold” and a consensus target price of $5.08.
WARNING: This piece was first published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3228216/somewhat-positive-media-coverage-somewhat-unlikely-to-affect-office-depot-odp-stock-price.html.
About Office Depot
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.
Receive News & Ratings for Office Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Office Depot and related companies with MarketBeat.com's FREE daily email newsletter.