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Why This 1 Value Stock Could Be a Great Addition to Your Portfolio

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

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.

O-I Glass (OI)

Perrysburg, OH-based O-I Glass, Inc. is the largest manufacturer of glass containers in the world. It competes in the glass container segment of the rigid packaging market. The company has 72 glass manufacturing plants spread over 20 countries.

OI is a Zacks Rank #3 (Hold) stock, with a Value Style Score of A and VGM Score of A. Shares are currently trading at a forward P/E of 6X for the current fiscal year compared to the Glass Products industry's P/E of 7.7X. Additionally, OI has a PEG Ratio of 1.3 and a Price/Cash Flow ratio of 2.7X. Value investors should also note OI's Price/Sales ratio of 0.3X.

Value investors don't just pay attention to a company's valuation ratios; positive earnings play a crucial role, too. Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $0.05 to $2.17 per share. OI has an average earnings surprise of 17.4%.

Investors should take the time to consider OI 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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