ODP Corporation (The) (ODP) Stock Forecast & Predictions

ODP Corporation (The) ODP: $40.68

6600 N Military Trl, Boca Raton, Florida, US. | Sector: Retail Trade | Exchange: NASDAQ/NGS (GLOBAL SELECT MARKET) | Web: https://www.officedepot.com/

  • Market Cap$2.04B
  • Change (52 Weeks)110.87%
  • Low (52 Weeks)$17.5
  • ODP Corporation (The) (ODP) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for ODP Corporation (The) (ODP) is based on 8 Institutional Analyst Ratings where 25.00% are on Strong Buy, 25.00% on Moderate Buy, 50.00% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 8 Institutional Analysts, majority recommended ODP stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of ODP Corporation (The).

    ODP Corporation (The) (ODP) Stock Price Prediction By Analysts


    HighLowAverage
    $63.00$43.43$52.53
    $52.5329.13% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for ODP set by the institutional analysts is $52.53 where High Estimate is $63.00, Median $52.53 and Low $43.43.

    The average price target for ODP by Institutional Analysts is $52.53, which is 29.13% Upside from the current price. So according to the Institutional Analysts, ODP Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    ODP Corporation (The) (ODP) Stock Forecast Based on News Sentiment


    Bullish
    Based on 3 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about ODP, it shows that ODP Corporation (The) had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that ODP stock price may surge in the next few weeks.

    ODP Corporation (The) (ODP) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    JP MorganNeutralUpgraded
    UBSSellMaintained
    Bank of AmericaUnderperformDowngraded
    JP MorganUnderweightDowngraded
    Deutsche BankHoldMaintained
    Loop CapitalHoldInitiated
    UBSSellMaintained
    UBSSellDowngraded
    Telsey Advisory GroupMarket PerformDowngraded
    JefferiesSellDowngraded
    Credit SuisseOutperformMaintained
    Deutsche BankHoldMaintained
    KeyBancSector WeightDowngraded
    B. Riley FBRBuyUpgraded
    Telsey Advisory GroupOutperformUpgraded
    JefferiesBuyUpgraded
    JefferiesHoldMaintained
    BB&T CapitalHoldDowngraded
    BB&T CapitalBuyUpgraded
    Goldman SachsNeutralDowngraded
    KeyBancBuyMaintained
    Deutsche BankHoldMaintained
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightInitiated
    Goldman SachsBuyUpgraded
    Credit SuisseOutperformUpgraded
    Bank of AmericaBuyUpgraded
    B. Riley FBRBuyUpgraded
    Janney CapitalBuyUpgraded
    Bank of AmericaUnderperformMaintained
    UBSNeutralMaintained
    KeyBancBuyUpgraded
    Janney CapitalNeutralDowngraded
    JefferiesHoldMaintained
    BarclaysEqual-WeightMaintained
    UBSNeutralMaintained
    UBSNeutralMaintained
    JefferiesHoldMaintained
    BarclaysEqual-WeightMaintained
    UBSNeutralMaintained
    JefferiesHoldMaintained
    Bank of AmericaUnderperformMaintained
    UBSNeutralMaintained
    BernsteinMarket PerformDowngraded
    JefferiesHoldMaintained
    UBSNeutralMaintained
    UBSNeutralMaintained
    JefferiesHoldMaintained
    UBSNeutralMaintained

    ODP Corporation (The) (ODP) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.653
    The average consensus EPS for ODP is $0.653 with a high estimate of $0.903 and Low of $0.461 for the period 2021-06-30 and based on 5 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $1.8$1.09837499999999992020-09-30


    The latest average Earning Per Share Estimate for ODP Corporation (The) is $0.65, which is lower than ODP's last EPS, $1.80. This means that Analysts are expecting ODP Corporation (The) to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of ODP Corporation (The).

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $1.8$1.09837499999999992020-09-30
    $-0.07$0.08082020-06-30
    $12$7.072020-03-31
    $12$8.753672019-12-31
    $15$13.4663300000000012019-09-30
    $7$4.78742019-06-30
    $7$6.850832019-03-31
    $9$7.65582018-12-31
    $13$12.26142018-09-30
    $5$3.568332018-06-30
    $8$7.7941699999999992018-03-31
    $8$7.254832017-12-31
    $14$13.48352017-09-30
    $6$7.9792017-06-30
    $16$11.951332017-03-31
    $11$10.488852016-12-31
    $16$15.5075399999999992016-09-30
    $3$5.982232016-06-30
    $10$12.5320799999999992016-03-31
    $7$11.032232015-12-31
    $16$16.424622015-09-30
    $6$6.335732015-06-30
    $13$13.5138000000000022015-03-31
    $7$3.768312014-12-31
    $10$9.022332014-09-30
    $-2$-1.537222014-06-30
    $7$2.760332014-03-31
    $-3$3.13100000000000022013-12-31
    $2$5.744882013-09-30
    $-10$-9.987892013-06-30
    $0$4.982332013-03-31
    $0$3.56428999999999972012-12-31
    $6$0.897892012-09-30
    $-14$-8.865782012-06-30
    $5$5.052012-03-31
    $3$-0.189882011-12-31
    $0$1.012011-09-30
    $-6$-11.942242011-06-30
    $0$1.957382011-03-31
    $9$-3.346132010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).