On Oct 24, major Wall Street analysts update their ratings for $Old Dominion Freight Line (ODFL.US)$, with price targets ranging from $160 to $205.
Barclays analyst Brandon Oglenski maintains with a hold rating, and adjusts the target price from $195 to $190.
Wells Fargo analyst Christian Wetherbee maintains with a sell rating, and maintains the target price at $160.
TD Cowen analyst Jason Seidl maintains with a hold rating, and adjusts the target price from $209 to $196.
BMO Capital analyst Fadi Chamoun maintains with a hold rating, and adjusts the target price from $210 to $205.
Benchmark Co. analyst Christopher Kuhn maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Old Dominion Freight Line (ODFL.US)$'s main analysts recently are as follows:
Old Dominion's Q3 operating results fell slightly short of expectations, influenced by persistent demand softness and ongoing cost inflation.
After Old Dominion posted its quarterly figures, a decline in revenues by 3% from the previous year has put pressure on results due to negative fixed cost leverage. This led to an operating ratio of 72.7%, a year-over-year increase of 210 basis points and 30 basis points above expectations. Forecasts for Q4 along with the fiscal years 2024 and 2025 have been adjusted downwards. Nevertheless, the outlook remains cautiously optimistic as the company's 30% excess capacity positions it to potentially benefit from an upswing in freight activity.
Old Dominion's third-quarter results were marginally below projections concerning EBIT, yet the company maintains its status as a premier transportation entity, distinguished by superior execution. Positioned favorably for future growth cycles, the company's outlook remains somewhat uncertain. Cyclical challenges leading to negative leverage have prompted a revision of the anticipated earnings per share, reflecting a conservative stance on future financial performance.
The firm noted that Old Dominion slightly missed expectations in the third quarter, and observations of October trends indicate a continued weakness in tonnage and pricing going into the fourth quarter.
The firm noted that not all trends are negative. Pricing continues to be sensible, the company is not forfeiting market share, and October's volume marks the most seasonally aligned start to a quarter during the current economic downturn. It has been suggested that short-term estimates have been adjusted to more realistic levels, and the shares retain compelling earnings potential in the event of an economic recovery.
Here are the latest investment ratings and price targets for $Old Dominion Freight Line (ODFL.US)$ from 5 analysts:
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美東時間10月24日，多家華爾街大行更新了$Old Dominion Freight Line (ODFL.US)$的評級，目標價介於160美元至205美元。
巴克萊銀行分析師Brandon Oglenski維持持有評級，並將目標價從195美元下調至190美元。
富國集團分析師Christian Wetherbee維持賣出評級，維持目標價160美元。
TD Cowen分析師Jason Seidl維持持有評級，並將目標價從209美元下調至196美元。
BMO資本市場分析師Fadi Chamoun維持持有評級，並將目標價從210美元下調至205美元。
本臻力行分析師Christopher Kuhn維持持有評級。
此外，綜合報道，$Old Dominion Freight Line (ODFL.US)$近期主要分析師觀點如下：
Old Dominion的第三季度運營結果略低於預期，受持續需求疲軟和持續成本通貨膨脹的影響。
Old Dominion公佈季度業績後，與去年同期相比，營收下降3%，由於負面的固定成本槓桿，對業績造成壓力。這導致營運比率達到72.7%，同比增長210個點子，高於預期的30個點子。針對2024年和2025年以及第四季度的預測已經下調。然而，展望仍然保持謹慎樂觀，因爲公司有30%的過剩產能，有望從貨運活動回暖中受益。
Old Dominion的第三季度業績略低於EBIt的預期，但該公司保持着作爲一家傑出的運輸實體的地位，以卓越的執行力著稱。公司在未來增長週期中處於有利位置，展望仍然有些不確定。循環性挑戰導致負面槓桿，促使對預期每股收益的修訂，反映出對未來財務表現的保守態度。
公司指出Old Dominion在第三季度略低於預期，並且觀察十月份的趨勢表明貨運量和定價進入第四季度仍然疲弱。
公司指出，並非所有趨勢都是負面的。定價繼續保持合理，公司並未放棄市場份額，而十月份的成交量標誌着當前經濟衰退期間季度的最具季節性的開始。據建議，已將短期預估調整到更爲現實的水平，且股票在經濟復甦的情況下仍具備可觀的盈利潛力。
以下爲今日5位分析師對$Old Dominion Freight Line (ODFL.US)$的最新投資評級及目標價：
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