Yahoo Finance Why This 1 Value Stock Could Be a Great Addition to Your Portfolio
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
ODP Corp. (ODP)
The ODP Corporation is one of the leading providers of business services, products and digital workplace technology solutions through an integrated B2B distribution platform. The ODP Corporation replaces Office Depot, Inc. as the public company trading on Nasdaq under the ticker symbol — ODP.
ODP boasts a Value Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of ODP Corp. are trading at a forward earnings multiple of 9.2X, as well as a PEG Ratio of 0.7, a Price/Cash Flow ratio of 5.8X, and a Price/Sales ratio of 0.2X.
A company's earnings performance is important for value investors as well. For fiscal 2024, two analysts revised their earnings estimate higher in the last 60 days for ODP, while the Zacks Consensus Estimate has increased $0.08 to $5.71 per share. ODP also holds an average earnings surprise of 23.5%.
ODP 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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The ODP Corporation (ODP) : Free Stock Analysis Report
