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ODP

Office Depot

$4.53

-1.58 (-25.86%)

11:51
08/10/17
08/10
11:51
08/10/17
11:51

Office Depot turnaround potential keeps BofA/Merrill at Buy

BofA Merrill Lynch noted that Office Depot's revenue declines in both its commercial and retail segments were worse than the firm had anticipated, but the firm remains positive on the company's ability to grow in adjacent categories and services and expects sales declines will moderate through the year. The firm keeps a Buy rating and $6 price target on Office Depot shares.

ODP Office Depot
$4.53

-1.58 (-25.86%)

07/31/17
LOOP
07/31/17
NO CHANGE
LOOP
Hold
Loop struggles to see long-term rationale for Office Depot buying Staples stores
After the New York Post said Staples (SPLS) has held talks to sell its 1,500 North American retail stores to Office Depot (ODP), Anthony Chukumba said he believes buying the stores would result in significant synergies for Office Depot and could make near-term sense, but he has a hard time understanding the long-term strategic rationale to "double down" on the secularly declining retail business. Any short-term benefits would be more than offset by the negative long-term implications, believes Chukumba, who keeps a Hold rating on Office Depot shares.
07/12/17
LOOP
07/12/17
NO CHANGE
LOOP
Hold
Office Depot LBO potential doesn't offer significant upside, says Loop Capital
After the recent agreement struck by Staples (SPLS) to go private, Loop Capital analyst Anthony Chukumba examined the leveraged buyout potential of peer Office Depot (ODP). He estimates that a takeover by a private equity sponsor at $7 per share would generate "acceptable, but not awesome" returns, which he concludes provides some level of downside protection but not a significant amount of upside potential for Office Depot shares. Chukumba keeps a Hold rating on Office Depot.
04/04/17
KEYB
04/04/17
NO CHANGE
KEYB
Staples would be of interest to PE buyers, says KeyBanc
Following The Wall Street Journal report that Staples (SPLS) is exploring a sale and holding talks with possible private equity bidders, KeyBanc analyst Bradley Thomas said he believes the company would be of interest given its strong free cash flow generation and recent actions taken to make its operations more streamlined. Additionally, the rise of Amazon's (AMZN) delivery segment could provide the "silver lining" of making another attempt at a combination of Staples and Office Depot (ODP) possible, Thomas tells investors.
01/30/17
LOOP
01/30/17
NO CHANGE
LOOP
Hold
Loop says Office Depot CEO pick positive, but doesn't change fundamentals
Loop Capital analyst Anthony Chukumba said he views Office Depot's appointment of Gerry Smith as CEO as a positive given his strong technology background and the fact that the hiring reduces senior management uncertainty. However, this one appointment does not eliminate management uncertainty completely and does not change the company's fundamental outlook, said Chukumba, who keeps a Hold rating on the shares.

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Kansas City Southern

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Windstream

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0.06 (3.13%)

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CVM

CEL-SCI

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Trinity Industries

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LPTN

Lpath

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PGR

Progressive

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0.12 (0.25%)

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TMO

Thermo Fisher

$172.57

-0.32 (-0.19%)

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  • 06

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SMBC

Southern Missouri Bancorp

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-0.05 (-0.16%)

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IEP

Icahn Enterprises

$50.00

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IEP

Icahn Enterprises

$50.00

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IEP

Icahn Enterprises

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IEP

Icahn Enterprises

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NVTA

Invitae

$9.60

0.05 (0.52%)

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NVTA

Invitae

$9.60

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MU

Micron

$30.38

0.76 (2.57%)

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INSY

Insys Therapeutics

$9.17

-0.11 (-1.19%)

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AKTX

Akari Therapeutics

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JMBA

Jamba

$9.11

-0.04 (-0.44%)

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HIL

Hill International

$4.50

0.2 (4.65%)

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TGT

Target

$55.65

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Options
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NBEV

New Age Beverages

$3.51

-0.49 (-12.25%)

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ATW

Atwood Oceanics

$6.26

0.22 (3.64%)

, ESV

Ensco

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0.12 (2.88%)

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ATW

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ESV

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NSRGY

Nestle

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