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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贝雅分析师Garrett Holland维持$Old Dominion Freight Line (ODFL.US)$买入评级，并将目标价从204美元下调至200美元。
根据TipRanks数据显示，该分析师近一年总胜率为53.0%，总平均回报率为3.2%。
此外，综合报道，$Old Dominion Freight Line (ODFL.US)$近期主要分析师观点如下：
受持续需求疲软和持续成本上涨的影响，Old Dominion的第三季度经营业绩略低于预期。
Old Dominion的季度业绩显示收入与上年相比下降了3％，此后，由于固定成本杠杆率为负，该公司面临业绩压力，运营比率为72.7％。该比率同比增长210个基点，比预期高出30个基点。此外，第四季度以及2024年和2025年的每股收益估计已下调。尽管如此，该公司处于有利地位，运力过剩 30%，如果货运市场反弹，这可能会提供显著的优势。
按息税前利润计算，Old Dominion第三季度的业绩略低于预期，但它继续以其卓越的运营执行力脱颖而出，成为顶级运输实体。尽管为未来的升级周期做好了充分的准备，但其可见性仍然有些模糊。此外，鉴于周期性挑战导致负去杠杆化，对未来财政年度的每股收益预测进行了修订。
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