Yahoo Finance Here's Why ODP Corp. (ODP) is a Strong Value Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
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
Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and 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 #2 (Buy) rating. Shares of ODP Corp. are trading at a forward earnings multiple of 6.3X, as well as a PEG Ratio of 0.5, a Price/Cash Flow ratio of 4.2X, and a Price/Sales ratio of 0.2X.
A company's earnings performance is important for value investors as well. For fiscal 2024, one analyst revised their earnings estimate higher in the last 60 days for ODP, while the Zacks Consensus Estimate has increased $0.32 to $6.03 per share. ODP also holds an average earnings surprise of 8.6%.
Investors should take the time to consider ODP for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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The ODP Corporation (ODP) : Free Stock Analysis Report
