ODFL stock: buy or sell?

ODFL stock price: $164.80 -0.44% At close on August 22nd, 2019

Updated on:
August 22nd, 2019

4

Shares of Old Dominion Freight Line closed today at $164.80 and depreciated an unpleasant -0.44%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean ODFL will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.

Is ODFL a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-7-8Morgan Stanleyn/aHold
2019-7-26KeyCorpn/aOverweight
2019-7-26Credit Suisse Groupn/aNeutral
2019-7-2Mizuhon/aHold
2019-7-11Credit Suisse GroupOutperformNeutral
2019-6-6Bank of American/aNeutral
2019-6-20Bank of AmericaNeutralNeutral
2019-2-8KeyCorpn/aOverweight
2019-2-8KeyCorpn/aOverweight
2019-2-7Cowenn/aMarket Perform
2019-2-26Bank of AmericaBuyNeutral

ODFL stock analysis

Daily outlook

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.

ODFL stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $154.40

Predicting 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:
ODFL stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-7-8Morgan StanleySet Price Targetn/a$144.00-
2019-7-26KeyCorpRaises Target$165.00$175.006.1%
2019-7-26Credit Suisse GroupRaises Target$152.00$160.005.3%
2019-7-2MizuhoReiteratesn/a$151.00-
2019-6-6Bank of AmericaLowers Target$157.00$144.00-8.3%
2019-6-20Bank of AmericaReiterates$144.00$150.004.2%
2019-2-8KeyCorpReiterates$150.00$160.006.7%
2019-2-8KeyCorpRaises Target$150.00$160.006.7%
2019-2-7CowenRaises Target$133.00$142.006.8%
2019-2-26Bank of AmericaDowngrades$154.00$158.002.6%
(in average)$150.60$154.403.0%
The price target for Old Dominion Freight Line stock is $154.40, moving in a range between $175.00 and $142.00. In average, analysts' outlook on ODFL price forecast is positive, increasing the prediction by a 3.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On 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.
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

Compared 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%.

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 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%.
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 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:

ODFLARCBFDXHTLDJBHT
Market cap$13.3 B$754.3 M$41.8 B$1.7 B$11.1 B
Total shares81.0 M25.5 M264.4 M82.0 M108.7 M
Float shares71.2 M24.8 M240.4 M45.1 M84.4 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 selling0.0%0.0%0.0%0.0%0.0%

ODFL summary

Thursday, August 22nd, 2019
Open$165.98
Close$164.80
Day range$163.42 - $166.46
Previous close$165.53
Session gain-0.44%
Average true range$4.39
50d mov avg$155.42
100d mov avg$150.84
200d mov avg$143.42
Daily pattern
Weekly pattern lt06a

Old Dominion Freight Line performance

To 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.
Stock3m6m12m
ODFLOld Dominion Frei...19.16%8.79%12.96%
ARCBArcBest12.22%-19.91%-36.80%
FDXFedEx-0.71%-11.69%-34.58%
HTLDHeartland Express6.82%-2.70%0.80%
JBHTJ.B. Hunt Transpo...14.49%-6.07%-16.85%
KNXKnight Transporta...13.66%1.67%4.48%
SAIASaia31.08%21.76%8.92%
ULHUniversal Logisti...-0.35%-10.09%-44.28%
WERNWerner Enterprise...9.49%3.49%-1.02%

Old Dominion Freight Line competitors

One 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.

Latest ODFL stock news