ODFL stock: buy or sell?

ODFL stock price: $128.33 -8.73% At close on March 27th, 2020

Updated on:
March 27th, 2020

2

After climbing for 4 days, Friday Old Dominion Freight Line plummed a spooky -8.73%, closing at $128.33. On Wednesday ODFL boosted an extraordinary 7.59%.

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?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Having a trading plan helps to make decisions easier, quicker and with less hesitations. 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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Old Dominion Freight Line stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't find any rating for ODFL stock for the last month.

ODFL stock analysis

Daily outlook

After climbing for 4 days, Friday Old Dominion Freight Line plummed a spooky -8.73%, closing at $128.33.

After climbing for 4 sessions, Friday Old Dominion Freight Line plummed a spooky -8.73%, closing at $128.33. Since last Tuesday when ODFL stock price broke up the SMA200d line, it gained $13.76 (12.01%). On Feb 20th, ODFL hit a new all time high, pushing higher than on February 19th tops. Check different trading setups that use ATHs as triggers.

ODFL stock chart (daily)

Weekly outlook

After sliding a dreadful -5.49% in a week last week, Old Dominion Freight Line closed this week at $128.33 and boosted a dazzling 14.12%.

Not so far away is the last all-time high Old Dominion Freight Line marked by mid February, but since then it dropped a 15.18%. This week ODFL price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since SMA20d and SMA40w crossed up early May, ODFL price climbed $26.58 per share (26.12%).

ODFL stock chart (weekly)

ODFL stock price history

ODFL stock went public on October 24th, 1991 with a price of $1.171. Since then, ODFL stock surged a 10,868.40%, with an average of 388.20% per year. If you had invested $1,000 in ODFL stock in 1991, it would worth $108,684.00 today.

1: Adjusted price after possible price splits or reverse-splits.

ODFL stock historical price chart

ODFL stock reached all-time highs on Feb 20th with a price of $151.30.

ODFL stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we have not found any price forecast for Old Dominion Freight Line stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, Old Dominion Freight Line presented its financial report, posting an excellent gain for the Earnings per Share (EPS). Experts expected $1.74 per share, but Old Dominion Freight Line posted $1.95.
ODFL earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.19n/a
2017-Q32017-10-261.161.246.9%
2017-Q42018-02-081.122.39113.4%
2018-Q12018-04-261.31.332.3%
2018-Q22018-07-261.821.999.3%
2018-Q32018-10-251.972.127.6%
2018-Q42019-02-071.741.9512.1%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Old Dominion Freight Line annual turnover boosted an outstanding 20.42% to $4,043.70 M USD from $3,358.11 marked in 2017. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) stepped up a 1.17% to 14.98%.

ODFL annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$2,340 M-$206 M8.8%-
2014$2,788 M19.14%$268 M9.6%29.79%
2015$2,972 M6.62%$305 M10.3%13.90%
2016$2,992 M0.64%$296 M9.9%-2.93%
2017$3,358 M12.25%$464 M13.8%56.80%
2018$4,044 M20.42%$606 M15.0%30.60%

Quarterly financial results

Old Dominion Freight Line reported $1,026.94 M in revenues for 2018-Q4, a -2.96% less compared to previous quarter. Reported quarter earnings 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 sales to same quarter last year, Old Dominion Freight Line sales marked an amazing gain and rocketed a 15.24%.
ODFL quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$840 M-$98 M11.7%-
2017-Q3$873 M3.94%$102 M11.7%3.95%
2017-Q4$891 M2.08%$197 M22.1%92.80%
2018-Q1$925 M3.80%$109 M11.8%-44.57%
2018-Q2$1,034 M11.73%$163 M15.8%49.48%
2018-Q3$1,058 M2.39%$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 ownership

When you are planning to invest in a stock, it's always worth to check its ownership structure.

Old Dominion Freight Line shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 12.74% of all shares.

In case of Old Dominion Freight Line stock, 78.05% 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:

ODFL
Market cap$10.2 B
Total shares79.8 M
Float shares70.7 M
  - Institutional holdings (%)78.0%
  - Insider holdings (%)12.7%
Shares in short selling0.0%

ODFL summary

Friday, March 27th, 2020
Open$134.59
Close$128.33
Day range$127.80 - $136.98
Previous close$140.60
Session gain-8.73%
Average true range$10.54
50d mov avg$133.39
100d mov avg$130.16
200d mov avg$119.41
Daily pattern
Weekly pattern

Old Dominion Freight Line performance

To better understand Old Dominion Freight Line performance you must becnhmark its gains with other related stocks in same sector or industry. In the following table, we compare Old Dominion Freight Line performance to :
Stock3m6m12m
ODFLOld Dominion Frei...2.00%12.11%33.90%

Old Dominion Freight Line competitors

Unfortunately, we could not find any public company that could be defined as Old Dominion Freight Line competitor. This doesn't mean Old Dominion Freight Line does not have any competitor in the market, it's just we could not detected it.

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