Alert: Positive Investment/Fundamental Signals (11/17/23)-The ODP Corporation (NASDAQ: ODP)


Extremely significant positive changes in The ODP Corporation (NASDAQ: ODP) investment behavior have recently occurred: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Recent important positive changes in fundamentals have benefitted The ODP Corporation (NASDAQ: ODP): the stock’s power rating rose above 70, and the consensus estimate for December, 2023 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

ODP is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

ODP has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. ODP has a slightly negative Appreciation Score of 39 but a good Power Rating of 70, leading to the Neutral Value Trend Rating.

Recent Price Action

The ODP Corporation (NASDAQ: ODP) stock closed at $48.08 on 11/17/23 after an increase of 1.8%. The stock has risen 9.0% during the last week and has been strong relative to the market over the last nine months.

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