Over the past 52 weeks Realty Income Corporation (NYSE:O) has embarked on a rally that has seen it rise 39.84% and is now up by 12.2% since start of this year. The equity price rose 1.71% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that the stock has recorded a 0.9% gain over the past 30 days. Its equity price climbed by 6.83% over the past three months which led to its overall six-month increase to stand at 20.31%.
Experts from research firms are bullish about the near-term performance of Realty Income Corporation with most of them predicting a $67.22 price target on a short-term (12 months) basis. The average price target by the analysts will see a -4.96% rise in the stock and would lead to O’s market cap to surge to $20.34B. The stock has been rated an average 2.6, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 18 analysts that track Realty Income Corporation (NYSE:O) and find out that 12 of them rated it as a Hold. 5 of the 6 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.
A look at O technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 68.44 point. Its trading volume has lost -460679 shares compared to readings over the past three months as it recently exchanged 1679321 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2140000 shares, and this is 0.78 times the normal volume.
The price of Office Depot, Inc. (NASDAQ:ODP) currently stands at $3.35 after it went up by $0.02 or 0.6% and has found a strong support at $3.31 a share. If the ODP price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $3.27 mark would also be bad for the stock as it means that the stock would plunge by 2.39% from its current position. However, if the stock price is able to trade above the resistance point around $3.39, then it could likely surge higher to try and break the upward resistance which stands at $3.43 a share. Its average daily volatility over the past one month stands at 5.16%. The stock has plunged by 1.19% from its 52-weeks high of $3.31 which it reached on Apr. 03, 2019. In general, it is 40.3% above its 52-weeks lowest point which stands at $2 and this setback was observed on Apr. 16, 2018.
Analysts have predicted a price target for Office Depot, Inc. (ODP) for 1 year and it stands at an average $3.67/share. This means that it would likely increase by 9.55% from its current position. The current price of the stock has been moving between $3.31 and $3.39. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $2.5. On the other hand, one analyst is super bullish about the price, setting a target as high as $4.5.
The ODP stock Stochastic Oscillator (%D) is at 29.19%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 0.16 which compares to the 1.99 recorded by the industry or the 137.61 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 8.17, which is lower than the 19.36 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 21.1% over the past five years.
Analysts view Office Depot, Inc. (NASDAQ:ODP) as a Sell, with 3 consensus rating. Reuters surveyed 5 analysts that follow ODP and found that 2 of those analysts rated the stock as a Hold. The remaining 3 were divided, with 1 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Office Depot, Inc. (ODP) shares or sell it if they already own it.
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