ODP (NASDAQ:ODP) Upgraded at StockNews.com

StockNews.com upgraded shares of ODP (NASDAQ:ODP) from a hold rating to a buy rating in a research note released on Friday morning.

ODP Price Performance

ODP stock opened at $13.71 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The firm has a market cap of $408.80 million, a price-to-earnings ratio of -15.07, a PEG ratio of 0.30 and a beta of 1.45. The company’s fifty day simple moving average is $15.45 and its 200 day simple moving average is $22.35. ODP has a 12-month low of $11.85 and a 12-month high of $52.69.

ODP (NASDAQ:ODP) last announced its earnings results on Wednesday, February 26th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.14). ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. On average, analysts expect that ODP will post 3.26 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Atlas FRM LLC bought a new position in shares of ODP during the 4th quarter worth about $17,856,000. D. E. Shaw & Co. Inc. grew its stake in ODP by 105.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 788,084 shares of the specialty retailer’s stock valued at $17,921,000 after acquiring an additional 404,041 shares during the period. Toronto Dominion Bank bought a new stake in shares of ODP during the fourth quarter valued at approximately $7,149,000. Findell Capital Management LLC bought a new position in shares of ODP in the 4th quarter worth $5,571,000. Finally, BNP Paribas Financial Markets acquired a new stake in ODP in the 4th quarter valued at $3,716,000. 99.56% of the stock is owned by institutional investors.

ODP Company Profile

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates through four divisions: ODP Business Solutions, Office Depot, Veyer, and Varis.