Should i buy office depot stock plus#
Should i buy office depot stock free#

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. 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.Д¬opyright 2022 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606ДЄt 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. Add this to the strength of its earnings outlook, and we can clearly see that ODP is an impressive value stock right now. Still, they help show that the stock is likely being undervalued at the moment. These are just a handful of the figures considered in Office Depot's great Value grade.

This compares to its industry's average P/S of 0.34. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. The P/S ratio is is calculated as price divided by sales. ODP's PEG has been as high as 0.94 and as low as 0.27, with a median of 0.46, all within the past year. ODP's PEG compares to its industry's average PEG of 1.35. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. We also note that ODP holds a PEG ratio of 0.82. Over the past year, ODP's Forward P/E has been as high as 7.12 and as low as 3.19, with a median of 5.23. For comparison, its industry sports an average P/E of 13.89. The stock is trading with P/E ratio of 5.63 right now. ODP is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.

Should i buy office depot stock free#

One company to watch right now 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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks.