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.

ODFL was given price targets by several analysts. The most optimistic price target was 110, which equates to a potential upside of 9.55 percent. The lowest price target was 70, implying potential capital losses of -30.29 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Analysts have revised their earnings estimates upwards for this quarter, by about 0.93 percent on average, compared to last month. That number becomes 1.87 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0.5 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.53 percent.

People are often interested in whether analysts were united in the direction of their revisions. 5 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Also over the last month, 4 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.

ODFL has an estimated earnings growth rate of 9.47 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of ODFL is 2.9.

In the trailing 52-weeks, ODFL hit 100.71 at the highest peak, while it's lowest trading point was 66.33. The current market price is above the trailing year's low by 51.38 percent, and 0.3 percent lower than its 52-week high. ODFL has a P/E 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.