NYSE:OPY
$24.20
(2/9 3:43PM)
-1.2%
| Open | $24.83 |
Mkt Cap | $320.5 Million |
| High | $24.83 |
52Wk High | $34.16 |
| Low | $24.15 |
52Wk Low | $6.70 |
| Volume | 69,441 |
Avg Vol 10D | 53,800 |
Ockham's Rating/Recommendation Summary
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OPY Revenue
As a value investing shop, we are interested in seeing how OPY's revenues measure up against past performances. One easily understandable way of doing that is to compare Price to Sales per share levels over a given time frame. Assuming it is available, Ockham prefers to look at ten years of history (for this stock there are 10 years of history available) and we weigh recent years more heavily. This allows us to find weighted average historical high and low Price to Sales ratios, which give us a better idea of the stock's current underlying value. Using this method, we have established a high range for Price to Sales of 0.72x and the low end of the range at 0.34x.
With respect to these historically rational metrics, notice that the current Price to Sales per share ratio for OPY of 0.37x is well below its normal historic Price to Sales levels. At a price of $25.89, OPY is 30% below where we would expect to see it. Clearly, this stock looks undervalued compared to historical levels, at least on a Price to Sales basis. This will positively affect our analysis because it is rare to find a stock this far below historical norms, and we would expect some price appreciation to bring this metric back towards a more normal range.
OPY Cash Earnings
As a value investment framework, Ockham Research is similar to a private equity firm in terms of our valuation methods. We are always on the lookout for value in the form of sales and cash numbers. In the case of OPY, Ockham views their current Cash Earnings as significantly above their historical average multiples of Cash Earnings, as calculated by our proprietary analysis. It is incredibly important to understand that for OPY, the current level of Cash Earnings compared to its historical levels helps identify where OPY is in relation to what the investing community was willing to pay for this level of Cash Earnings in the past. With a historical high Cash Earnings per share ratio of 26.11 and a historical low Cash Earnings per share ratio of 11.13, an investor can relate where value becomes optimal.
Just recall that when a stock's price, as in the cases of OPY, is significantly elevated to the level of Cash Earnings being generated, the market has already priced in much of that value. For example, the historical average for OPY's Price to Cash Earnings ratio is 98% below the current ratio of 36.99. That is not an insignificant amount, and diminishes our overall outlook on OPY. However, you need to review several areas of a company's potential, and as management would point out, one metric is not the end-all-be-all of any analysis.
OPY Dividends
A strong dividend payment history is looked upon as a favorable characteristic on a company’s future and potentially can receive a positive Ockham rating. That being said, we don't require dividend payments for company's whose management has elected to forgo them entirely.
When reviewing dividend yields for OPY, we compare the historic high and low levels over the past, which is similar to our evaluation of Sales and Cash Earnings per share. Paying a dividend is not necessary for any company, but changes in dividend often can lend clues as to the health of the business. A rising dividend is a strong sign for an established company, as it reflects management's confidence in the company. OPY’s estimated annual dividend is $0.44 resulting in a current dividend yield of 1.70%. The highest dividend yield from OPY over recent history was 6.57% while the lowest dividend yield was 0.66%. While it is quite common for a growth stock to pay no dividend at all, but for a mature company such as OPY that has a history of paying dividends it is disappointing to see their dividend yield drop so significantly. At this time, the current dividend yield is 52.97% below the median yield.
Dividends and Oppenheimer Holdings, Incorporated - Shs -A- Non-Voting Among the Topics Covered on Closing Bell
For income investors, dividend news is obviously important. OPY's dividends were discussed recently on Closing Bell.
At the current price, value investors will want to look elsewhere for a buying opportunity as this stock has heated up and is currently Overvalued. Ranking all stocks in terms of news coverage offers some interesting data. In the case of OPY, it is getting significantly more attention in recent news coverage than we are used to seeing. A significant sell off of $1.30 is underway right now, so investors in OPY should pay close attention to the news. Crowd sentiment is leaning to the bearish side, according to the robust data set collected by the Motley Fool CAPS survey.
“… we're talking about OPPENHEIMER. He points to a new many reasons why this is timely and lucrative which is good to investors. …”
OPY Gets Mentioned in the Financial Media
News has broken via the television and viral blogs regarding OPY, so investors should take an interest in learning what was said.
When looking at our entire coverage universe and ranking stocks by the attention they receive on RazorWire, it is clear that Oppenheimer Holdings, Incorporated - Shs -A- Non-Voting has been talked about more than normal recently. At Ockham, we are not advising buying Oppenheimer Holdings, Incorporated - Shs -A- Non-Voting at the current price level because according to our methodology it is not supported by the fundamentals. The Motley Fool CAPS data suggests that investors believe Oppenheimer Holdings, Incorporated - Shs -A- Non-Voting will beat the market in the foreseeable future.
“… the fast money grew, the negotiator, guy adami and carter worth of OPPENHEIMER asset manageme management. Guy, I want to kick it off with you. Is this it? …”
Stay Current on OPY's News on Power Lunch
Staying informed on the news is invaluable for investors, and RazorWire has captured a recently discussion on OPY from Power Lunch.
Crowd sentiment is leaning to the bearish side, according to the robust data set collected by the Motley Fool CAPS survey. Ranking all stocks in terms of news coverage offers some interesting data. In the case of OPY, it is getting significantly more attention in recent news coverage than we are used to seeing. At the current price, value investors will want to look elsewhere for a buying opportunity as this stock has heated up and is currently Overvalued.
“… This also has triggered the selloff has t OPPENHEIMER to say we aggressively buy this market. They're not going away. So swm, single white male, easy to remember, squitser. > ... …”
Oppenheimer Holdings, Incorporated - Shs -A- Non-Voting Was Talked About by Closing Bell
The latest news from business television and influential blogs is always available through Ockham's RazorWire, and this news is in relation to Oppenheimer Holdings, Incorporated - Shs -A- Non-Voting.
As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, OPY has been less covered in the news compared to the rest of our universe of stocks. The Motley Fool CAPS data suggests that investors believe Oppenheimer Holdings, Incorporated - Shs -A- Non-Voting will beat the market in the foreseeable future. Please be aware that OPY is trading off $2.34 today, and is clearly being affected by the latest news. At Ockham, we are not advising buying Oppenheimer Holdings, Incorporated - Shs -A- Non-Voting at the current price level because according to our methodology it is not supported by the fundamentals.
“… And burger king downgraded to perform from outperform at OPPENHEIMER because of increasingly stretched franchisy balance sheets. Take a look at burger king shares there. > > …”
The Latest News for OPY Was Just on Fast Money
The latest news from business television and influential blogs is always available through Ockham's RazorWire, and this news is in relation to Oppenheimer Holdings, Incorporated - Shs -A- Non-Voting.
At the current price, value investors will want to look elsewhere for a buying opportunity as this stock has heated up and is currently Overvalued. Crowd sentiment is leaning to the bearish side, according to the robust data set collected by the Motley Fool CAPS survey. We noticed recently that in comparison to all other stocks we analyze in the news; OPY has received less coverage from the financial media in business television and blogs.
“… Op OPPENHEIMER was talking about it. Do they free up the network to trade on other networks? If you do, you double or triple the amount of things sold. …”
Check Out Fast Money and News on OPY
As always, the latest news on OPY is available to Ockham clients through RazorWire, and it was mentioned recently on Fast Money.
At the current price, value investors will want to look elsewhere for a buying opportunity as this stock has heated up and is currently Overvalued. Crowd sentiment is leaning to the bearish side, according to the robust data set collected by the Motley Fool CAPS survey. We noticed recently that in comparison to all other stocks we analyze in the news; OPY has received less coverage from the financial media in business television and blogs.
“… OPPENHEIMER had a report out that these guys may be opting out the phone to other services. Maybe t-mobile, maybe other guys. …”
Check Out The Call and News on OPY
As always, the latest news on OPY is available to Ockham clients through RazorWire, and it was mentioned recently on The Call.
At the current price, value investors will want to look elsewhere for a buying opportunity as this stock has heated up and is currently Overvalued. Crowd sentiment is leaning to the bearish side, according to the robust data set collected by the Motley Fool CAPS survey. We noticed recently that in comparison to all other stocks we analyze in the news; OPY has received less coverage from the financial media in business television and blogs.
“… And igt results with an outperform with OPPENHEIMER. Back to you. > > that's going to do it it for us on "the call. " > > you have a lot to cover on "the kudlow report. …”
Squawk On The Street Has News on OPY
The latest news on Squawk On The Street in regards to OPY came through on RazorWire recently.
As of this week's report, we have an Overvalued valuation on OPY because the price has gotten too high to be justified by the fundamentals. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Oppenheimer Holdings, Incorporated - Shs -A- Non-Voting has actually sunk a bit in comparison to the others. Crowd sentiment is favorable on this stock, as measured by the Motley Fool CAPS survey.
“… 5% on the back of its earnings which were apparently not good enough for the outsized expectations of investors though OPPENHEIMER this morning is raising its target from 650 to ... …”
Notice a Discussion Covering OPY Appeared Recently in the Financial News
The latest news from business television and influential blogs is always available through Ockham's RazorWire, and this news is in relation to Oppenheimer Holdings, Incorporated - Shs -A- Non-Voting.
Crowd sentiment is favorable on this stock, as measured by the Motley Fool CAPS survey. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Oppenheimer Holdings, Incorporated - Shs -A- Non-Voting has actually sunk a bit in comparison to the others. As of this week's report, we have an Overvalued valuation on OPY because the price has gotten too high to be justified by the fundamentals.
“… We heard midday OPPENHEIMER raising estimate on bank of america to an outperform. You saw it move higher and highlighted why you were in the market. …”
Closing Bell Has the Latest News on OPY
Staying informed on the news is invaluable for investors, and RazorWire has captured a recently discussion on OPY from Closing Bell.
At the current price, value investors will want to look elsewhere for a buying opportunity as this stock has heated up and is currently Overvalued. We noticed recently that in comparison to all other stocks we analyze in the news; OPY has received less coverage from the financial media in business television and blogs. Crowd sentiment is leaning to the bearish side, according to the robust data set collected by the Motley Fool CAPS survey.
“… Maintained an outperformed rating over at OPPENHEIMER after channel techs. 29 bucks. Oracle's weaker. Mentioned with what is happening with yahoo! . …”