Old Dominion Freight Line Faces Sluggish Industrial Demand, Analyst Downgrades Stock
Old Dominion Freight Line Faces Sluggish Industrial Demand, Analyst Downgrades Stock
Chamoun says that industrial demand, which represents two-thirds of LTL traffic, remains sluggish.Old Dominion Freight Line, Inc. (NASDAQ:ODFL) shares are trading slightly lower on Friday. BMO Capital Markets analyst Fadi Chamoun downgraded the company to Market Perform from Outperform and lowered the price target to $210 from $214.
納斯達克的old dominion freight line股票週五略有下跌。BMO資本市場分析師法迪·查穆 downgrade 該公司的評級從Outperform降至Market Perform，並將價格目標從214美元降至210美元。
The analyst writes that consensus/BMOe F2025 earnings expectations have decreased by 13%/15%. Demand remains muted, and the timeline for a recovery in freight markets continues to be delayed.
分析師指出，一致/BMOe F2025年盈利預期下降了13%/15%。需求仍持續疲軟，貨運市場復甦時間表仍在推遲。
The downgrade reflects anticipation of further negative revisions as the recovery timeline for freight markets extends.
此次降級反映出隨着貨運市場復甦時間表的延長，進一步負面修訂的預期。
Chamoun says that industrial demand, which represents two-thirds of LTL traffic, remains sluggish.
查穆表示，佔LTL運輸量三分之二的工業需求仍然疲軟。
The analyst writes that although loosening monetary policy is expected to boost volume eventually, the delay between lower rates and a resurgence in demand extends the potential recovery timeline into H2 2025 or beyond.
分析師指出，儘管市場預計貨幣政策放寬最終將提振成交量，但較低利率與需求復甦之間的滯後導致潛在的復甦時間表延至2025年下半年或更晚。
With multiples at record highs, the near-term margin of safety is limited, adds the analyst.
分析師補充道，隨着多個指標達到歷史高位，短期安全邊際有限。
The analyst reduced the below-consensus forecast for FY25 by 2.5% to $6.00 (versus consensus at $6.27) and for FY26 by 3.3% to $7.06 (compared to consensus of $7.15).
該分析師將FY25的低於共識預測下調了2.5%，至6.00美元（共識預測爲6.27美元），將FY26的下調了3.3%，至7.06美元（共識爲7.15美元）。
Investors can gain exposure to the stock via First Trust S&P 500 Diversified Dividend Aristocrats ETF (BATS:IYT) and ProShares Trust ProShares Supply Chain Logistics ETF (NYSE:SUPL).
投資者可以通過First Trust S&P 500 Diversified 股息貴族 ETF (BATS:IYT) 和 ProShares Trust ProShares 供應鏈物流 ETF (紐交所:SUPL) 來獲得該股票的曝光。
Price Action: ODFL shares are down 0.82% at $199.86 at the last check Friday.
股價走勢：old dominion freight line股票週五最後交易價格爲199.86美元，下跌了0.82%。
Photo via Shutterstock
圖片來自shutterstock。
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譯文內容由第三人軟體翻譯。
