The monthly returns are then compounded to arrive at the annual return.
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A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
#Should i buy office depot stock plus#
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough April 4, 2022. Since 1988 it has more than doubled the S&P 500 with an average gain of +25.08% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2022 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Considering this, as well as the strength of its earnings outlook, ODP feels like a great value stock at the moment.
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These figures are just a handful of the metrics value investors tend to look at, but they help show that Office Depot is likely being undervalued right now. Over the past 52 weeks, ODP's P/CF has been as high as 7.69 and as low as 3.14, with a median of 5.03. This company's current P/CF looks solid when compared to its industry's average P/CF of 19.80. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. Over the past 52 weeks, ODP's PEG has been as high as 0.64 and as low as 0.29, with a median of 0.46.įinally, investors will want to recognize that ODP has a P/CF ratio of 5.42. ODP's PEG compares to its industry's average PEG of 1.27. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. Investors will also notice that ODP has a PEG ratio of 0.50. Over the past year, ODP's Forward P/E has been as high as 9.14 and as low as 3.19, with a median of 5.67. This compares to its industry's average Forward P/E of 13.05. The stock has a Forward P/E ratio of 5.57. ODP is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
#Should i buy office depot stock free#
One stock to keep an eye on is Office Depot ( ODP Quick Quote ODP - Free Report). When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. For example, value investors will be interested in stocks with great grades in the "Value" category. Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments.
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Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks.