Major Analyst Actions Under Review: Office Depot, Inc. (ODP), Legacy Reserves LP (LGCY)

The recently concluded session had traders exchanging Office Depot, Inc. (NASDAQ:ODP) low level. Roughly 8.07 million shares changed hands compared to the three-month volume average 6.75 million shares. The first trade took place at $2.87 and the stock went up 1.41% to attain the closing price of $2.88.

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 25.22% last month and is down -18.64 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 -5.9% decline from recent close. It’s currently trading about -53.96% 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 44%. Its last month’s stock price volatility remained 5.05% which for the week stands at 4.41%. The share price has moved forward from its 20 days moving average, trading at a distance of 16.39% and stays 25.44% away from its 50 days moving average. Over the last five days, shares have managed 10.34% gains and now is down -8.26% since hitting its 200-day moving average of $2.79. Office Depot, Inc. (ODP) has made its way to a 12-month decline of -48.2%.

Turning to Legacy Reserves LP (NASDAQ:LGCY), its shares were trading at $6.72 a gain of $0.59, on the trading floor. The stock, after opening at $6.44, touched a high of $6.8 before paring much of its gains. So far, analysts are sticking with their bearish recommendations with the consensus call at 4. Legacy Reserves LP has 0 buy ratings, 1 holds and 0 sells even after the stock tumbled -36.24% from its high of $10.54 to a $510.85 million market value through last close.

Legacy Reserves LP (LGCY) Consensus Price Target

The company’s consensus rating on Reuter’s scale slipped from 5 to 3 during a month. Analysts set a 12-month price target of $1.5 a share. The target implies a -77.68% decrease from where the shares are currently trading. Also, the current price highlights a discount of 19.05% to analysts’ high consensus price target.

Legacy Reserves LP (NASDAQ:LGCY) Intraday Trading

The counter witnessed a trading volume of 1.3 million shares versus an average volume of 0.91 million shares during last trading session. Its last month’s stock price volatility remained 7.33% which for the week approaches 12.74%. The lowest price the stock reached in the last trading day was $6.28 and compares with the $1.07 52-week low. The stock recovered 528.04% since its low point and has performed 317.39% year-to-date.

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