ODFL stock: buy or sell?
March 27th, 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. 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.
|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 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
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.
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 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 targetHow 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%.
|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 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%.
|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 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:
|Market cap||$10.2 B|
|Total shares||79.8 M|
|Float shares||70.7 M|
|- Institutional holdings (%)||78.0%|
|- Insider holdings (%)||12.7%|
|Shares in short selling||0.0%|
|Friday, March 27th, 2020|
|Day range||$127.80 - $136.98|
|Average true range||$10.54|
|50d mov avg||$133.39|
|100d mov avg||$130.16|
|200d mov avg||$119.41|
Old Dominion Freight Line performanceTo 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 :
|ODFLOld Dominion Frei...||2.00%||12.11%||33.90%|
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