Baird analyst Garrett Holland maintains $Old Dominion Freight Line (ODFL.US)$ with a buy rating, and adjusts the target price from $204 to $200.
According to TipRanks data, the analyst has a success rate of 53.0% and a total average return of 3.2% over the past year.
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 were slightly below expectations, influenced by persistent demand softness and ongoing cost inflation.
After Old Dominion's quarterly results showed a 3% decline in revenue compared to the previous year, the company faced pressure on results due to negative fixed cost leverage, leading to a 72.7% operating ratio. This ratio increased by 210 basis points year-over-year and was 30 basis points higher than anticipated. Furthermore, earnings per share estimates for the fourth quarter, as well as for 2024 and 2025, have been revised downwards. Nevertheless, the company is well-positioned with 30% excess capacity, which could provide a significant advantage in case of a freight market rebound.
Old Dominion's third-quarter results were marginally lower than expected on an EBIT basis, yet it continues to distinguish itself as a top-tier transportation entity, recognized for its exceptional operational execution. Although well-placed for a future upcycle, the visibility on this remains somewhat obscure. Furthermore, in light of the cyclical challenges leading to negative de-leveraging, there is a revision in the forecasted earnings per share for the fiscal years ahead.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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貝雅分析師Garrett Holland維持$Old Dominion Freight Line (ODFL.US)$買入評級，並將目標價從204美元下調至200美元。
根據TipRanks數據顯示，該分析師近一年總勝率為53.0%，總平均回報率為3.2%。
此外，綜合報道，$Old Dominion Freight Line (ODFL.US)$近期主要分析師觀點如下：
受持續需求疲軟和持續成本上漲的影響，Old Dominion的第三季度經營業績略低於預期。
Old Dominion的季度業績顯示收入與上年相比下降了3％，此後，由於固定成本槓桿率爲負，該公司面臨業績壓力，運營比率爲72.7％。該比率同比增長210個點子，比預期高出30個點子。此外，第四季度以及2024年和2025年的每股收益估計已下調。儘管如此，該公司處於有利地位，運力過剩 30%，如果貨運市場反彈，這可能會提供顯著的優勢。
按息稅前利潤計算，Old Dominion第三季度的業績略低於預期，但它繼續以其卓越的運營執行力脫穎而出，成爲頂級運輸實體。儘管爲未來的升級週期做好了充分的準備，但其可見性仍然有些模糊。此外，鑑於週期性挑戰導致負去槓桿化，對未來財政年度的每股收益預測進行了修訂。
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