OLD DOMINION FREIGHT

ODFL
Delayed Quote. Delayed  - 03/05 04:00:00 pm
219.85USD +2.25%

Old Dominion Freight Line, Inc. : Technically solid

02/22/2021 | 02:36am
Jordan Dufee
Senior Analyst

Strategy published on : 02/22/2021 | 02:36

long trade
Live

Entry price : 214.28$
Target : 270$
Stop-loss : 185$
Potential : 26%

Shares in Old Dominion Freight Line, Inc. show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed.
Investors have an opportunity to buy the stock and target the $ 270.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The company returns high margins, thereby supporting business profitability.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● Historically, the company has been releasing figures that are above expectations.

● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 157.88 USD


Weaknesses

● The company's enterprise value to sales, at 6.21 times its current sales, is high.

● The firm trades with high earnings multiples: 38.24 times its 2020 earnings per share.

● The company is not the most generous with respect to shareholders' compensation.

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