The leading market experts have placed a mean price target of $5.110 on Office Depot, Inc. (NASDAQ:ODP) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.100 a share for the upcoming quarter and $0.400 for the current fiscal.
The technical analysis of Office Depot, Inc. plainly substantiates that the 50-day moving average of Office Depot, Inc. is $3.404, and stock is trading $0.161 points away or +4.730% from its 50-day moving average of $3.404. Further it is trading $-1.220 or -25.495% away its 200-day moving average of $4.785. Office Depot, Inc. (NASDAQ:ODP) 52-week high is $8.010 and the 52-week low is $3.110.
This explains if the stock moves $-4.445, it will post a 52-week high. In event of +14.630% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Office Depot, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Office Depot, Inc. (NASDAQ:ODP) ratio came in at 7.320.
The stock last ended the trading session at $3.565 and registered a market cap of $1.94B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Office Depot, Inc. (NASDAQ:ODP) PEG ratio is at 0.500.
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