ODP (NASDAQ:ODP) PT Lowered to $41.00 at UBS Group

ODP (NASDAQ:ODP – Get Rating) had its price target lowered by investment analysts at UBS Group from $50.00 to $41.00 in a report issued on Thursday, Marketbeat Ratings reports. The brokerage presently has a “neutral” rating on the specialty retailer’s stock. UBS Group’s target price would indicate a potential upside of 10.42% from the company’s current price.

Separately, StockNews.com upgraded shares of ODP from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 30th.

ODP Price Performance

NASDAQ:ODP opened at $37.13 on Thursday. The stock has a fifty day moving average price of $34.53 and a 200 day moving average price of $40.62. ODP has a 12-month low of $28.85 and a 12-month high of $48.00. The company has a current ratio of 1.06, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12.

ODP (NASDAQ:ODP – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The specialty retailer reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.33. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.04 billion. ODP had a positive return on equity of 14.99% and a negative net margin of 1.08%. The company’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. Equities analysts expect that ODP will post 4.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ODP

Hedge funds have recently made changes to their positions in the stock. Mascoma Wealth Management LLC acquired a new position in ODP in the first quarter valued at about $74,000. Nisa Investment Advisors LLC raised its position in shares of ODP by 15.7% in the second quarter. Nisa Investment Advisors LLC now owns 3,470 shares of the specialty retailer’s stock valued at $105,000 after purchasing an additional 470 shares during the period. Gladius Capital Management LP bought a new position in shares of ODP in the fourth quarter valued at about $106,000. KBC Group NV acquired a new position in shares of ODP in the second quarter valued at about $119,000. Finally, PNC Financial Services Group Inc. grew its stake in ODP by 9.7% during the first quarter. PNC Financial Services Group Inc. now owns 3,052 shares of the specialty retailer’s stock worth $139,000 after buying an additional 270 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

ODP Company Profile

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The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses. The company operates in two divisions, Business Solutions and Retail. The Business Solutions division offers office supply products and services, cleaning and breakroom supplies, technology services, copy and print services, and office furniture products and services through sales forces, catalogs, and telesales, as well as through Internet Websites in the United States, Puerto Rico, the U.S.