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.
Several price targets were given for ODFL by the analysts covering the stock. The highest price target was 110, implying a possible profit of 9.55 percent. The lowest price target was 70, implying a possible loss of -30.29 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0.93 percent. 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. If we look at the last 90 days instead, we find a net average change of 1.53 percent in FY estimates.
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, while 0 analysts revised their estimates downwards. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's 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. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. 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. ODFL has a PEG ratio of 2.9.
ODFL has traded between a high of 100.71 and a low of 66.33 over the past year. Today's price is 51.38 percent above the 52-week low, and 0.3 percent below the high. 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 stock has a market capitalization of $8.24 billion. ODFL will post this quarters earnings in days, on 0000-00-00.