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 most optimistic analyst gave a price target of 110, which equates to a potential upside of 9.55 percent. The minimum price target given was 70, which equates to a potential downside of -30.29 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0.93 percent. The average change in earnings estimates over the last 90 days is 1.87 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.5 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 1.53 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 5 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
ODFL has an estimated earnings growth rate of 9.47 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of ODFL is 2.9.
In the last 52-weeks, ODFL has achieved a high of 100.71 and a low of 66.33. Currently the stock is 51.38 percent higher than its low, 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 stock has a market capitalization of $8.24 billion. ODFL is estimated to release their earnings results for the quarter on 0000-00-00, days from today.