Yahoo Finance Here's Why Olin (OLN) is a Strong Value Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
Olin (OLN)
Based in Clayton, MO, Olin Corporation is a vertically-integrated global producer and distributor of chemical products and U.S. maker of ammunition. Internationally, the company operates in regions including Latin America, Asia Pacific and Europe.
OLN is a Zacks Rank #3 (Hold) stock, with a Value Style Score of A and VGM Score of A. Shares are currently trading at a forward P/E of 15.2X for the current fiscal year compared to the Chemical - Diversified industry's P/E of 18.2X. Additionally, OLN has a PEG Ratio of 0.3 and a Price/Cash Flow ratio of 7.1X. Value investors should also note OLN's Price/Sales ratio of 1X.
Many value investors pay close attention to a company's earnings as well. For OLN, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.12 to $3.75 per share for 2024. Per share OLN boasts an average earnings surprise of 17.9%.
OLN should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.
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Olin Corporation (OLN) : Free Stock Analysis Report
