Oppenheimer Reaffirms "Buy" Rating for Home Depot (HD)

The Home Depot, Inc. (NASDAQ:ODP). Koch invested in 357,464 shares or 0.08% of the stock. Wells Fargo And Mn reported 0.7% of its portfolio in The Home Depot, Inc. Tci Wealth accumulated 9,511 shares. Convergence Inv Prtnrs Ltd Liability, a Wisconsin-based fund reported 497,563 shares. Stifel Financial Corp now owns 1,174,227 shares of the home improvement retailer's stock valued at $191,976,000 after acquiring an additional 1,159,940 shares during the period. Bowling Portfolio Management Ltd Co reported 0.22% stake. Quantitative Systematic Strategies LLC lifted its stake in shares of Home Depot by 12.2% in the 2nd quarter. (NASDAQ:ODP)'s shares owned by insiders are 0.20%, whereas shares owned by institutional owners are 99.10%. (NASDAQ:ODP) for 550 shares. Texas Yale Cap holds 1.51% of its portfolio in The Home Depot, Inc. (NASDAQ:ODP) for 28,310 shares. (NASDAQ:ODP). Us Commercial Bank De reported 3,442 shares. The other 26, though not evenly; between analysts who think you should buy The Home Depot, Inc. versus those who think you should sell it. If the published price targets set by Office Depot, Inc. analysts have any power to influence the stock's share price, the highest price target set for ODP is $5. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. Therefore 74% are positive. Office Depot has $11.0 highest and $3.10 lowest target. (HD) recently closed with rise of 5.33% to its 20-Day Simple Moving Average. The Home Depot Inc. had 92 analyst reports since August 19, 2015 according to SRatingsIntel. (NASDAQ:ODP) earned "Buy" rating by Bank of America on Friday, December 11. The company's 3-months average volume stands at 4.53 million. On Thursday, June 15 the stock rating was maintained by Jefferies with "Hold". Argus boosted their target price on shares of Home Depot from $180.00 to $190.00 and gave the company a "buy" rating in a research note on Wednesday, November 15th. Jefferies maintained Office Depot, Inc. The stock of Sealed Air Corporation (NYSE:SEE) has "Hold" rating given on Friday, August 25 by BMO Capital Markets. The firm has "Sell" rating by J.P. Morgan given on Monday, October 30. RBC Capital Markets maintained the stock with "Hold" rating in Thursday, July 13 report. The firm has "Buy" rating given on Wednesday, November 18 by UBS. The rating was maintained by Telsey Advisory Group with "Outperform" on Monday, December 7. The stock has "Sector Weight" rating by KeyBanc Capital Markets on Tuesday, December 8.

The stock decreased 0.35% or $0.02 during the last trading session, reaching $5.63. Currently, 23.53 million total shares are owned by the public and among those 21.17 million shares have been available to trade.

Office Depot, Inc. (NASDAQ:ODP) now has a Weekly Volatility of 5.57% percent while its Monthly Volatility is at 4.79% percent. It has outperformed by 34.35% the S&P500. More interesting news about The Home Depot, Inc. The company posted an earnings surprise of 7.7%. However the company reported $0.11 earnings per share for the same quarter during previous year. ODP's profit will be $41.29 million for 10.28 P/E if the $0.08 EPS becomes a reality.

On a similar note, analysts expect EPS of $0.08 in December 2017 quarter and $0.18 in March 2018 quarter, representing -27.27% and 12.5% growth, respectively. It offers office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture, as well as copy and print services. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued. The Company's segments include North American Retail Division and North American Business Solutions Division. The Price to Book ratio for this stock is 0.85, compared to the industry Price to Book ratio of 4.23.

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Office Depot, Inc., together with its subsidiaries, supplies office services and products in North America.

Office Depot, Inc. has a beta of 1.19, offering the possibility of a higher rate of return, but also posing more risk.

ILLEGAL ACTIVITY NOTICE: This report was first posted by StockNewsTimes and is the property of of StockNewsTimes. (NASDAQ:ODP) news were published by: Seekingalpha.com which released: "Office Depot: Surprisingly Good Results" on November 14, 2017, also Finance.Yahoo.com with their article: "Office Depot Inc Earnings: 14 Things to Know About Q3" published on November 09, 2017, Nasdaq.com published: "Office Depot, Inc".

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