Analyst Ratings for Old Dominion Freight Line Inc. (ODFL)

Updated: 2017-07-26

An average rating of Overweight has been given to Old Dominion Freight Line Inc. (NASDAQ:ODFL) by analysts covering the stock. About 30 days ago, ODFL was issued an average rating of Overweight.

A buy rating was issued by 7 analysts, 0 gave an overweight rating, 8 gave a hold rating, 0 gave an underweight rating, and 1 issued a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

Investment analysts gave a few price targets for ODFL. The highest price target was 110, implying a possible profit of 9.55 percent. The lowest price target was 70, which equates to a potential downside of -30.29 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0.93 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 1.87 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.5 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.53 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 5 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 4 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

ODFL has an estimated earnings growth rate of 9.47 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of ODFL is 2.9.

ODFL has a 52-week high of 100.71 and a 52-week low of 66.33. The current market price is above the trailing year's low by 51.38 percent, and below the high by 0.3 percent. ODFL has a price/earnings ratio of 27.51. Investors typically compare the P/E ratio to a company's peers in the industry. The ODFL value stock report compares ODFL to some of its peers using value stock charts. The market cap of ODFL is $8.24 billion. ODFL's next earnings release will be on 0000-00-00, which is days away.