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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美东时间10月24日，多家华尔街大行更新了$Old Dominion Freight Line (ODFL.US)$的评级，目标价介于160美元至205美元。
巴克莱银行分析师Brandon Oglenski维持持有评级，并将目标价从195美元下调至190美元。
富国集团分析师Christian Wetherbee维持卖出评级，维持目标价160美元。
TD Cowen分析师Jason Seidl维持持有评级，并将目标价从209美元下调至196美元。
BMO资本市场分析师Fadi Chamoun维持持有评级，并将目标价从210美元下调至205美元。
本臻力行分析师Christopher Kuhn维持持有评级。
此外，综合报道，$Old Dominion Freight Line (ODFL.US)$近期主要分析师观点如下：
Old Dominion的第三季度运营结果略低于预期，受持续需求疲软和持续成本通胀影响。
Old Dominion发布季度数据后，收入较上年同期下降3%，由于负面固定成本杠杆压力导致结果受到压力。这导致运营比率达到72.7%，同比增加210个基点，比预期高出30个基点。对第四季度以及2024年和2025年的预测已经下调。尽管如此，公司的前景仍然保持谨慎乐观，因为公司30%的过剩产能使其有望从货运活动的反弹中获益。
Old Dominion的第三季度业绩略低于EBIt的预期，但公司仍保持其作为一家一流运输实体的地位，以出色的执行力著称。公司有利地面向未来增长周期，前景仍然有些不确定。循环性挑战导致负面杠杆，促使对预期每股收益的修订，反映出对未来财务表现的保守态度。
该公司指出Old Dominion在第三季度略低于预期，并且观察十月趋势表明去年继续下滑。吨位和价格走向有所下降，预示着第四季度的出现。
该公司指出，并非所有的趋势都是负面的。定价仍然合理，公司不会放弃市场份额，十月份的成交量标志着当前经济衰退期间季度开始最符合季节性。人们已经建议将短期预期调整到更现实的水平，并在经济复苏的情况下，股票保留了吸引人的盈利潜力。
以下为今日5位分析师对$Old Dominion Freight Line (ODFL.US)$的最新投资评级及目标价：
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