ODFL stock: buy or sell?

ODFL stock price: $208.44 -0.26% At close on January 17th, 2020

Updated on:
January 17th, 2020

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After several days of continuous rises in past weeks, Old Dominion Freight Line remained stable -0.26% to $208.44. Friday broke a green streak of 4 sessions.

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. That's why is so important to choose your own trading plan that fits 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.

These 2 buy setups are elegible for Old Dominion Freight Line stock right now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is Old Dominion Freight Line stock a buy?

Banks and financial institutions post stock ratings everyday. At Stocks2.com, we collected 12 ratings published for ODFL stock in the last month.

Is ODFL a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-27Bank of AmericaNeutralUnderperform
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

Even the red candle ($208.44, -0.26%), Old Dominion Freight Line peaked new all time high at $210.18.

Shares of Old Dominion Freight Line closed yesterday at $208.44 after reaching a new all time high ($210.18) even it couldn't close with gains and remained steady a lame -0.26%. For the last 10 days when ODFL stock price broke up the SMA50d line, it gained $19.66 (10.41%).

ODFL stock chart (daily)

Weekly outlook

Old Dominion Freight Line touched new all time highs back again this week, setting highs to $210.18. Shares closed at $208.44 and skyrocketed 5.82% during the week. This week was the 5th green week in a row.

Since mid June 2019 when ODFL stock price broke up the SMA40w line, it gained $72.55 (53.39%). Since SMA20d and SMA40w crossed up early May, ODFL price climbed $55.65 per share (36.42%).

ODFL stock chart (weekly)

ODFL stock price history

ODFL IPO was on October 24th, 1991 at $1.75 per share1. Since then, ODFL stock surged a 11,810.90%, with a yearly average of 421.80%. If you had invested right after ODFL's IPO a $1,000 in ODFL stock in 1991, it would worth $118,109.00 today.

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

ODFL stock historical price chart

ODFL stock reached all-time highs yesterday with a price of $210.18.

ODFL stock price target is $155.50

Nobody can reliably foresee how stock prices may evolve in the future. 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. We detected 11 price predictions for Old Dominion Freight Line stock published in the last month:
ODFL stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-27Bank of AmericaDowngradesn/a$166.00-
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$155.503.0%
The price forecast for Old Dominion Freight Line stock is $155.50, moving in a range between $175.00 and $142.00. In average, analysts' outlook on ODFL price target is positive, increasing the forecast by a 3.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Old Dominion Freight Line presented great results for 2018-Q4 on February. Old Dominion Freight Line escalated Earnings per Share (EPS) by 12.10%, beating analysts of $1.74. 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 turnover report draw an extraordinary growth of 20.42% to $4,043.70 M USD. When comparing 2018 vs 2017, on the other hand, 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 reported $1,026.94 M in sales 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 stayed steady a -0.86% compared to previous quarter when profit margin was 16.39%. When comparing revenues to same quarter last year, Old Dominion Freight Line sales marked an exceptional gain and skyrocketed 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 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 12.15% of all shares.

In case of Old Dominion Freight Line stock, 78.29% 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$16.6 B
Total shares79.8 M
Float shares70.8 M
  - Institutional holdings (%)78.3%
  - Insider holdings (%)12.2%
Shares in short selling0.0%

ODFL summary

Friday, January 17th, 2020
Open$206.94
Close$208.44
Day range$205.99 - $210.18
Previous close$208.99
Session gain-0.26%
Average true range$3.38
50d mov avg$191.32
100d mov avg$181.92
200d mov avg$166.34
Daily pattern
Weekly pattern lb11c

Old Dominion Freight Line performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For Old Dominion Freight Line, the comparison is made against .
Stock3m6m12m
ODFLOld Dominion Frei...16.86%34.56%53.23%

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.

    Latest ODFL stock news