Old Dominion Freight Stock Buy Hold or Sell Recommendation
| ODFL Stock | USD 225.14 1.03 0.46% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Old Dominion Freight is 'Hold'. The recommendation algorithm takes into account all of Old Dominion's available fundamental, technical, and predictive indicators you will find on this site.
Check out Old Dominion Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Old and provide practical buy, sell, or hold advice based on investors' constraints. Old Dominion Freight. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
Old |
Execute Old Dominion Buy or Sell Advice
The Old recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Old Dominion Freight. Macroaxis does not own or have any residual interests in Old Dominion Freight or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Old Dominion's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Old Dominion Trading Alerts and Improvement Suggestions
| Old Dominion Freight is unlikely to experience financial distress in the next 2 years | |
| Old Dominion Freight has a strong financial position based on the latest SEC filings | |
| Over 80.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: Brooklyn Investment Group Has 231,000 Position in Old Dominion Freight Line, Inc. |
Old Dominion Returns Distribution Density
The distribution of Old Dominion's historical returns is an attempt to chart the uncertainty of Old Dominion's future price movements. The chart of the probability distribution of Old Dominion daily returns describes the distribution of returns around its average expected value. We use Old Dominion Freight price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Old Dominion returns is essential to provide solid investment advice for Old Dominion.
| Mean Return | 0.25 | Value At Risk | -3.52 | Potential Upside | 2.68 | Standard Deviation | 2.30 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Old Dominion historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Old Stock Institutional Investors
| Shares | Goldman Sachs Group Inc | 2024-06-30 | 2.6 M | Capital World Investors | 2024-09-30 | 2.5 M | Norges Bank | 2024-06-30 | 2.4 M | Northern Trust Corp | 2024-09-30 | 1.7 M | Legal & General Group Plc | 2024-06-30 | 1.7 M | Jacobs Levy Equity Management, Inc. | 2024-09-30 | 1.4 M | First Trust Advisors L.p. | 2024-06-30 | 1.4 M | Ubs Asset Mgmt Americas Inc | 2024-09-30 | 1.3 M | Lazard Asset Management Llc | 2024-06-30 | 1.2 M | Vanguard Group Inc | 2024-09-30 | 22.3 M | T. Rowe Price Associates, Inc. | 2024-06-30 | 16.3 M |
Old Dominion Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 62.8M | (2.1M) | 61.1M | (276.3M) | 247.5M | 259.9M | |
| Free Cash Flow | 311.8M | 707.9M | 662.5M | 916.4M | 811.8M | 852.4M | |
| Depreciation | 230.4M | 261.3M | 259.9M | 276.1M | 324.4M | 340.7M | |
| Other Non Cash Items | 477K | 12.7M | 14.3M | 13.2M | (3.9M) | (3.7M) | |
| Dividends Paid | 42.6M | 71.0M | 92.4M | 134.5M | (175.1M) | (166.3M) | |
| Capital Expenditures | 588.3M | 225.1M | 550.1M | 775.1M | 757.3M | 795.2M | |
| Net Income | 605.7M | 672.7M | 1.0B | 1.4B | 1.2B | 1.3B | |
| End Period Cash Flow | 190.3M | 401.4M | 462.6M | 186.3M | 433.8M | 455.5M | |
| Change To Netincome | 35.9M | (28.9M) | 44.6M | 74.5M | 85.6M | 89.9M | |
| Change Receivables | 30.3M | (49.0M) | (125.6M) | (13.0M) | (11.7M) | (12.3M) | |
| Investments | 3.1M | (330.2M) | 75.7M | 205.6M | (659.8M) | (626.8M) |
Old Dominion Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Old Dominion or Ground Transportation sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Old Dominion's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Old stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.0081 | |
β | Beta against Dow Jones | 1.96 | |
σ | Overall volatility | 2.35 | |
Ir | Information ratio | 0.05 |
Old Dominion Volatility Alert
Old Dominion Freight currently demonstrates below-average downside deviation. It has Information Ratio of 0.05 and Jensen Alpha of -0.01. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Old Dominion's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Old Dominion's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Old Dominion Fundamentals Vs Peers
Comparing Old Dominion's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Old Dominion's direct or indirect competition across all of the common fundamentals between Old Dominion and the related equities. This way, we can detect undervalued stocks with similar characteristics as Old Dominion or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Old Dominion's fundamental indicators could also be used in its relative valuation, which is a method of valuing Old Dominion by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Old Dominion to competition |
| Fundamentals | Old Dominion | Peer Average |
| Return On Equity | 0.3 | -0.31 |
| Return On Asset | 0.19 | -0.14 |
| Profit Margin | 0.21 % | (1.27) % |
| Operating Margin | 0.27 % | (5.51) % |
| Current Valuation | 47.83 B | 16.62 B |
| Shares Outstanding | 213.5 M | 571.82 M |
| Shares Owned By Insiders | 10.12 % | 10.09 % |
| Shares Owned By Institutions | 80.40 % | 39.21 % |
| Number Of Shares Shorted | 8.74 M | 4.71 M |
| Price To Earning | 46.55 X | 28.72 X |
| Price To Book | 11.46 X | 9.51 X |
| Price To Sales | 8.11 X | 11.42 X |
| Revenue | 5.87 B | 9.43 B |
| Gross Profit | 2.49 B | 27.38 B |
| EBITDA | 1.97 B | 3.9 B |
| Net Income | 1.24 B | 570.98 M |
| Cash And Equivalents | 375.56 M | 2.7 B |
| Cash Per Share | 3.37 X | 5.01 X |
| Total Debt | 200.38 M | 5.32 B |
| Debt To Equity | 0.03 % | 48.70 % |
| Current Ratio | 1.74 X | 2.16 X |
| Book Value Per Share | 19.53 X | 1.93 K |
| Cash Flow From Operations | 1.57 B | 971.22 M |
| Short Ratio | 5.48 X | 4.00 X |
| Earnings Per Share | 5.71 X | 3.12 X |
| Price To Earnings To Growth | 3.35 X | 4.89 X |
| Target Price | 197.82 | |
| Number Of Employees | 22.69 K | 18.84 K |
| Beta | 0.99 | -0.15 |
| Market Capitalization | 48.07 B | 19.03 B |
| Total Asset | 5.51 B | 29.47 B |
| Retained Earnings | 4 B | 9.33 B |
| Working Capital | 598.67 M | 1.48 B |
Note: Disposition of 7577 shares by Earl Congdon of Old Dominion at 211.8 subject to Rule 16b-3 [view details]
Old Dominion Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Old . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Old Dominion Buy or Sell Advice
When is the right time to buy or sell Old Dominion Freight? Buying financial instruments such as Old Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Check out Old Dominion Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Cargo Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Old Dominion. If investors know Old will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Old Dominion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.07) | Dividend Share 0.98 | Earnings Share 5.71 | Revenue Per Share 27.363 | Quarterly Revenue Growth (0.03) |
The market value of Old Dominion Freight is measured differently than its book value, which is the value of Old that is recorded on the company's balance sheet. Investors also form their own opinion of Old Dominion's value that differs from its market value or its book value, called intrinsic value, which is Old Dominion's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Old Dominion's market value can be influenced by many factors that don't directly affect Old Dominion's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Old Dominion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Old Dominion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Old Dominion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.