SIG analyst Bascome Majors maintains $Old Dominion Freight Line (ODFL.US)$ with a buy rating, and adjusts the target price from $225 to $218.
According to TipRanks data, the analyst has a success rate of 60.7% and a total average return of 10.3% 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:
The company's Q3 operating results slightly missed expectations due to ongoing demand weakness and persistent cost inflation.
After Old Dominion disclosed its quarterly results, a notable decline in revenue of 3% from the previous year placed stress on outcomes due to negative fixed cost leverage. This situation manifested in a 72.7% operating ratio, marking a 210 basis point increase from the previous year and falling short of expectations by 30 basis points. Future earnings per share estimates for Q4, 2024, and 2025 have been adjusted. Nonetheless, the neutral stance is maintained as the company, with 30% excess capacity, is well-positioned to capitalize on any potential freight market recovery.
Old Dominion's third-quarter performance was marginally below expectations on an EBIT basis. Despite this, the company stands out in the transportation sector due to its exceptional execution. It is poised to benefit from potential upturns in the cycle, although the timing remains uncertain. Challenges from cyclical pressures have led to adjustments in earnings projections for the coming years.
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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海纳国际分析师Bascome Majors维持$Old Dominion Freight Line (ODFL.US)$买入评级，并将目标价从225美元下调至218美元。
根据TipRanks数据显示，该分析师近一年总胜率为60.7%，总平均回报率为10.3%。
此外，综合报道，$Old Dominion Freight Line (ODFL.US)$近期主要分析师观点如下：
由于持续需求疲弱和成本通胀，该公司Q3营运结果略低于预期。
Old Dominion公布季度业绩后，去年同期营业收入下降3%，由于负面固定成本杠杆效应，导致压力增大。这种情况体现在营运比率72.7%，比去年增加210个基点，但比预期低30个基点。对2024年和2025年Q4未来每股收益预估已有调整。尽管如此，鉴于公司拥有30%的多余产能，可在货运市场恢复中获利，中立立场仍然保持。
Old Dominion的第三季度表现在EBIt基础上略低于预期。尽管如此，该公司在运输板块脱颖而出，表现出色。虽然时机尚不确定，但它将受益于周期性好转。来自周期性压力的挑战已导致未来几年盈利预测的调整。
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