Stock Rating Downgrade
The Value Trend Rating for The ODP Corporation (NASDAQ: ODP) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 8/1/24, The ODP Corporation (NASDAQ: ODP) stock declined by -3.9%, closing at $40.61. However, below average trading volume at 79% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -2.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ODP is expected to continue to be a major Value Builder.
ODP has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. ODP has a neutral Appreciation Score of 58 but a very low Power Rating of 13, with the Negative Value Trend Rating the result.
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