Streetbeat News

ODFL

Old Dominion Freight Line, Inc.

https://www.odfl.com

Industry

Trucking

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting. As of December 31, 2021, it owned and operated 10,403 tractors, 27,917 linehaul trailers, and 13,303 pickup and delivery trailers; 3 fleet maintenance centers; and 251 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina.

Open

223.15

Mkt cap

46B

Volume

1.7M

High

223.15

P/E Ratio

37.69

52-wk high

233.26

Low

215.13

Div yield

0.01

52-wk low

165.49

Old Dominion Freight Line (NASDAQ:ODFL) has delivered an impressive average annual return of 31.3% over the past 15 years, turning a $1000 investment into $56,096.70 today. With a current market cap of $42.64 billion, ODFL's performance highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 8:00 pm

Susquehanna analyst Bascome Majors has upgraded Old Dominion Freight Line (NASDAQ:ODFL) from Neutral to Positive, indicating a more favorable outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 1:36 pm

Old Dominion Freight Line (NASDAQ:ODFL) has significantly outperformed the market, with an average annual return of 27.66% over the past 10 years. An initial investment of $1000 in ODFL a decade ago would now be worth $11,376.06. The company's current market capitalization stands at $43.87 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 9:30 pm

Raymond James analyst Patrick Tyler Brown has maintained an Outperform rating on Old Dominion Freight Line (NASDAQ:ODFL) but has reduced the price target from $425 to $415.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 3:42 pm

Over the past 10 years, Old Dominion Freight Line (NASDAQ:ODFL) has produced an average annual return of 27.37%, outperforming the market by 17.67% on an annualized basis. With a current market capitalization of $43.08 billion, a $1000 investment in ODFL a decade ago would be worth $10,986.90 today. This showcases the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 7:30 pm

Old Dominion Freight Line's stock is trading lower following the announcement of a year-over-year decline in their November revenues per day.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:22 pm

Old Dominion Freight Line Inc (NASDAQ:ODFL) reported a 0.9% Y/Y decline in revenue per day for November 2023, driven by a 2.3% drop in LTL tons per day, despite higher LTL revenue per hundredweight. The decrease in LTL tons per day was due to a 2.9% decline in LTL weight per shipment. Quarter-to-date, LTL revenue per hundredweight was up 3.1%, and excluding fuel surcharges, up 7.6%. The company attributes the revenue decrease to a soft domestic economy but notes improvement in yield metrics and a slight increase in LTL shipments per day. In Q3 FY23, revenue fell 5.5% Y/Y to $1.515 billion, slightly below consensus, while EPS of $3.09 exceeded expectations. ODFL shares closed down 2.16% at $394.79 on Tuesday.

Portfolio Pulse from Lekha Gupta

December 06, 2023 | 1:16 pm

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) reported a 0.9% decrease in revenue per day for November 2023 compared to November 2022. This was due to a 2.3% drop in LTL tons per day, despite an increase in LTL revenue per hundredweight. The decrease in LTL tons per day was driven by a 2.9% reduction in LTL weight per shipment, slightly offset by a 0.6% rise in LTL shipments per day. For the quarter-to-date, LTL revenue per hundredweight rose by 3.1% and 7.6% excluding fuel surcharges. CEO Marty Freeman attributes the revenue decrease to the soft domestic economy but remains positive about the company's yield metrics improvement and slight increase in LTL shipments per day.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:18 pm

Wall Street analysts have updated their price targets and ratings for several companies. Keybanc raised Synopsys' target to $600, maintaining an Overweight rating. Berenberg downgraded Corteva to Hold, reducing the target to $52. UBS upgraded Teva Pharmaceutical to Buy, increasing the target to $13. Morgan Stanley downgraded Southern Copper to Underweight, cutting the target to $68. Deutsche Bank downgraded Canadian Pacific Kansas City and Old Dominion Freight Line to Hold, with reduced targets of $77 and $386, respectively. UBS downgraded GE HealthCare to Sell, slashing the target to $66. Needham raised CrowdStrike's target to $245, maintaining a Buy rating. JP Morgan downgraded Afya to Neutral, with a target of $23. Keybanc reduced IAC's target to $68 but kept an Overweight rating.

Portfolio Pulse from Lisa Levin

November 27, 2023 | 12:22 pm

Old Dominion Freight Line (NASDAQ:ODFL) has received a mix of analyst ratings in the last quarter, with 1 bullish, 2 somewhat bullish, and 7 indifferent. The average 12-month price target among 10 analysts is $401.5, which is a 3.12% decrease from the previous target of $414.44. Analysts rate stocks to guide investors, and these ratings can influence stock performance.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 12:00 pm

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