ODFL stock: buy or sell?
August 22nd, 2019
Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America.
Should I buy ODFL stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to define your own trading plan that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, Old Dominion Freight Line stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Old Dominion Freight Line stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we detected 11 ratings published for ODFL stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-26||Credit Suisse Group||n/a||Neutral|
|2019-7-11||Credit Suisse Group||Outperform||Neutral|
|2019-6-6||Bank of America||n/a||Neutral|
|2019-6-20||Bank of America||Neutral||Neutral|
|2019-2-26||Bank of America||Buy||Neutral|
ODFL stock analysis
Old Dominion Freight Line shares depreciated -0.44% to $164.80 today.
Old Dominion Freight Line depreciated an unpleasant -0.44% and closed at $164.80. Since price and SMA200d lines crossed up on June, ODFL climbed $23.97 (17.02%). On May, SMA100d and SMA200d crossed up triggering a rise of 13.74%. On Aug 13th, ODFL hit a new all time high, pushing higher than on Aug 8th tops. Check different trading setups that use ATHs as triggers.
Old Dominion Freight Line shares depreciated -0.54% this week, ending at $164.80. Late July ODFL skyrocketed a dazzling 5.85% in just one week.
In a weekly time frame, Old Dominion Freight Line stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, ODFL might consolidate in a flat-base, waiting to break out over or down under . Not so far away is the last all-time high Old Dominion Freight Line marked last week. By mid June ODFL price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since early May when SMA20w and SMA40w crossed up, ODFL price gained $11.71 per share (7.65%).
ODFL stock price history
ODFL stock went public on October 24th, 1991 with a price of $1.761. Since then, ODFL stock surged a 9,263.60%, with a yearly average of 343.10%. If you had invested $1,000 in ODFL stock in 1991, it would worth $92,636.00 today.
1: Adjusted price after possible price splits or reverse-splits.
ODFL stock historical price chart
ODFL stock reached all-time highs on August 13th with a price of $171.87.
ODFL stock price target is $154.40Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' ODFL stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we found 10 price predictions for Old Dominion Freight Line stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-8||Morgan Stanley||Set Price Target||n/a||$144.00||-|
|2019-7-26||Credit Suisse Group||Raises Target||$152.00||$160.00||5.3%|
|2019-6-6||Bank of America||Lowers Target||$157.00||$144.00||-8.3%|
|2019-6-20||Bank of America||Reiterates||$144.00||$150.00||4.2%|
|2019-2-26||Bank of America||Downgrades||$154.00||$158.00||2.6%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Old Dominion Freight Line reported its latest financial data, posting a remarkable gain for the Earnings per Share (EPS). Experts expected $1.74 per share, but Old Dominion Freight Line posted $1.95.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw a super good gain of 20.42% to $4,043.70 million dollars. When comparing 2018 vs 2017, in contrast, profit margin (that is, the net income divided by revenues) appreciated a 1.17% to 14.98%.
|2013||$2,340 M||-||$206 M8.8%||-|
|2014||$2,788 M||19.14%||$268 M9.6%||29.79%|
|2015||$2,972 M||6.62%||$305 M10.3%||13.90%|
|2016||$2,992 M||0.64%||$296 M9.9%||-2.93%|
|2017||$3,358 M||12.25%||$464 M13.8%||56.80%|
|2018||$4,044 M||20.42%||$606 M15.0%||30.60%|
Quarterly financial resultsOld Dominion Freight Line posted $1,026.94 M in sales for 2018-Q4, a -2.96% less compared to previous quarter. Reported quarter income marked $159.46 million with a profit margin of 15.53%. Profit margin remained stable a -0.86% compared to previous quarter when profit margin was 16.39%. When comparing turnover to same quarter last year, Old Dominion Freight Line sales marked an exceptional increase and boosted a 15.24%.
|2017-Q2||$840 M||-||$98 M11.7%||-|
|2017-Q3||$873 M||3.94%||$102 M11.7%||3.95%|
|2017-Q4||$891 M||2.08%||$197 M22.1%||92.80%|
|2018-Q1||$925 M||3.80%||$109 M11.8%||-44.57%|
|2018-Q2||$1,034 M||11.73%||$163 M15.8%||49.48%|
|2018-Q3||$1,058 M||2.39%||$173 M16.4%||6.12%|
|2018-Q4||$1,027 M||-2.96%||$159 M15.5%||-8.06%|
|2019-Q1||$991 M||-3.52%||$133 M13.5%||-16.39%|
Old Dominion Freight Line ownershipWhen you are planning to buy shares of a company, it's always worth to have a look its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Old Dominion Freight Line, 12.32% of all outstanding shares are owned by its staff.
In case of Old Dominion Freight Line stock, 74.21% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for ODFL stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Old Dominion Freight Line:
|Market cap||$13.3 B||$754.3 M||$41.8 B||$1.7 B||$11.1 B|
|Total shares||81.0 M||25.5 M||264.4 M||82.0 M||108.7 M|
|Float shares||71.2 M||24.8 M||240.4 M||45.1 M||84.4 M|
|- Institutional holdings (%)||74.2%||97.1%||72.8%||61.0%||73.5%|
|- Insider holdings (%)||12.3%||1.5%||5.9%||48.9%||20.4%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Thursday, August 22nd, 2019|
|Day range||$163.42 - $166.46|
|Average true range||$4.39|
|50d mov avg||$155.42|
|100d mov avg||$150.84|
|200d mov avg||$143.42|
Old Dominion Freight Line performanceTo measure stock performance is always good to benchmark with competitors or related stocks. We picked ArcBest, FedEx, Heartland Express, J.B. Hunt Transport Services, Knight Transportation, Saia, Universal Logistics and Werner Enterprises as the bechmarking frame for Old Dominion Freight Line stock.
|ODFLOld Dominion Frei...||19.16%||8.79%||12.96%|
|JBHTJ.B. Hunt Transpo...||14.49%||-6.07%||-16.85%|
Old Dominion Freight Line competitorsOne check before investing in any stock is to have a look a list of its competitors, in this case for Old Dominion Freight Line. We picked 8 companies as Old Dominion Freight Line competitors as they are in the same industry or have similar market objectives.
- ArcBest (ARCB)
- FedEx (FDX)
- Heartland Express (HTLD)
- J.B. Hunt Transport Services (JBHT)
- Knight Transportation (KNX)
- Saia (SAIA)
- Universal Logistics (ULH)
- Werner Enterprises (WERN)
Latest ODFL stock news
- InvestorPlaceLoad Up On Old Dominion Freight Line for Gains in Trucking StocksJune 1, 2018