ODFL stock: buy or sell?
January 17th, 2020
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:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-27||Bank of America||Neutral||Underperform|
|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
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%).
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 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 $155.50Nobody 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-27||Bank of America||Downgrades||n/a||$166.00||-|
|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 ShareOld 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%.
|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 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%.
|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 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:
|Market cap||$16.6 B|
|Total shares||79.8 M|
|Float shares||70.8 M|
|- Institutional holdings (%)||78.3%|
|- Insider holdings (%)||12.2%|
|Shares in short selling||0.0%|
|Friday, January 17th, 2020|
|Day range||$205.99 - $210.18|
|Average true range||$3.38|
|50d mov avg||$191.32|
|100d mov avg||$181.92|
|200d mov avg||$166.34|
Old Dominion Freight Line performanceStocks 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 .
|ODFLOld Dominion Frei...||16.86%||34.56%||53.23%|
Old Dominion Freight Line competitorsUnfortunately, 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
- InvestorPlaceLoad Up On Old Dominion Freight Line for Gains in Trucking StocksJune 1, 2018