Analyst Views And Outlook On Two Stocks: Office Depot, Inc. (ODP), HDFC Bank Limited (HDB)

Office Depot, Inc. (NASDAQ:ODP) recorded a trading volume of 6.14 million shares, above its 90-day volume average of 5.32 million shares. The stock kicked off the session at $2.4 and later approached $2.36 with a change of -0.42%.

Office Depot, Inc. (ODP) Analyst Opinion

Office Depot, Inc. has a consensus hold rating from 7 Wall Street analysts, and the number of shares currently sold short amount to at least 4.04% of shares outstanding. The stock spiked 3.06% last month and is down -33.33 this year. Wall Street is only getting more bearish on the stock, with 1 of analysts who cover ODP having a buy-equivalent rating. Analysts have placed a $2.71 price target on Office Depot, Inc., suggesting a 14.83% gain from recent close. It’s currently trading about -62.27% below its 52-week high.

Office Depot, Inc. Earnings Surprise

Office Depot, Inc. (ODP) failed to surprise the stock market in its last reported earnings when it earned $0.08 a piece versus the consensus-estimated $0.08. Its revenue totaled $2.72 billion up 5.42% from the previous quarter.

Office Depot, Inc. (NASDAQ:ODP) Intraday View

This stock (ODP) is ahead of its 52-week low with 18%. Its last month’s stock price volatility remained 3.83% which for the week stands at 5.49%. The share price has moved forward from its 20 days moving average, trading at a distance of 0.83% and stays 6.1% away from its 50 days moving average. Over the last five days, shares have managed 1.72% gains and now is down -26.29% since hitting its 200-day moving average of $2.82. Office Depot, Inc. (ODP) has made its way to a 12-month decline of -53.45%.

Turning to HDFC Bank Limited (NYSE:HDB), its shares were trading at $105.17 a gain of $8.35, on the trading floor. The stock, after opening at $97.97, touched a high of $105.44 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 1.5. HDFC Bank Limited has 1 buy ratings, 0 holds and 0 sells even after the stock tumbled -5.06% from its high of $110.77 to a $81.85 billion market value through last close.

HDFC Bank Limited (HDB) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 1.5 to 1.5 during a month. Analysts set a 12-month price target of $124.25 a share. The target implies a 18.14% spike from where the shares are currently trading. Also, the current price highlights a discount of 20.53% to analysts’ high consensus price target.

HDFC Bank Limited (NYSE:HDB) Intraday Trading

The counter witnessed a trading volume of 2.52 million shares versus an average volume of 0.8 million shares during last trading session. Its last month’s stock price volatility remained 2.68% which for the week approaches 1.61%. The lowest price the stock reached in the last trading day was $97.85 and compares with the $85.56 52-week low. The stock recovered 22.92% since its low point and has performed 3.44% year-to-date.

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