How to Buy Old Dominion Freight Line Stock
Old Dominion Freight Line Inc
Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation.
Old Dominion Freight Line stock last closed at $219.95, down 0.53% from the previous day, and has increased 29.07% in one year. It has underperformed other stocks in the Trucking industry by 0.25 percentage points. Old Dominion Freight Line stock is currently +48.72% from its 52-week low of $147.90, and -3.45% from its 52-week high of $227.80.
There are currently 217.67M ODFL shares outstanding. The market value of ODFL is $47.88B. In the last 24 hours, 1.1M ODFL shares were traded.
How to Buy Old Dominion Freight Line Stock
Not sure how to invest in Old Dominion Freight Line stock? Here's how.
- Choose where to buy Old Dominion Freight Line stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you figure out where to buy Old Dominion Freight Line stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Pick your payment method and add your information.
- Evaluate Old Dominion Freight Line stock: The Old Dominion Freight Line ticker symbol is ODFL. Is Old Dominion Freight Line stock a good investment? Should you buy shares of ODFL? How do ODFL's underlying business fundamentals look? Do top analysts think Old Dominion Freight Line is a good buy? Why has ODFL's stock price moved recently? (Hint: Our stock market research website can help you evaluate if ODFL is a good stock to buy).
- Make your ODFL buy order: Decide if you will purchase ODFL shares at the current market price or use a limit order to purchase ODFL shares at a specific price.
- Keep tabs on your ODFL investment: Create a watchlist to key updates about your position in Old Dominion Freight Line shares.
Step 1: Choose where to buy Old Dominion Freight Line stock
You will need a brokerage account in order to access the NASDAQ market and buy ODFL stock.
Our favorite brokerage: eToro
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Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, you need to fill out some personal information so you are able to invest in ODFL today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open your new brokerage account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've filled out your info on a investment app, you need to deposit funds:
Watch this video walkthrough if you need help transferring money into your new investment account.
Step 4: Evaluate Old Dominion Freight Line stock
Once you have selected the best place to buy Old Dominion Freight Line stock, it's very important to research their stock prior to investing, so you can wrap your head around the risk as well as the upside.
Old Dominion Freight Line quick stats
Fundamentals of ODFL
WallStreetZen was built to help everyday investors do more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on ODFL's stock page.
Is ODFL stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge ODFL's true value.
Using relative valuations measures:
- ODFL may be undervalued based on its P/E ratio of 38.83x, relative to Trucking industry P/E ratio of 53.28x
- ODFL could be overvalued based on its P/B ratio of 11.24x, relative to Trucking industry P/B ratio of 4.36x
- ODFL may be overvalued based on its PEG ratio of 3.36x
You can do additional valuation analysis on ODFL's stock here.
ODFL Financials at a glance
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the ODFL balance sheet.
- Total ODFL debt is lower than 5 years ago, relative to shareholder equity.
- ODFL has a low debt to equity ratio of 0.3.
- ODFL earnings of $1.65B is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the ODFL balance sheet.
- ODFL's operating cash flow of $1.57B allows it to safely service it's debt of $79.98M.
Negative Financial Indicators:
- ODFL profit margin has gone down from 22% to 21.1% in the past year.
Do Wall Street analysts think it's a good time to buy Old Dominion Freight Line stock
Out of 11 Equities analysts who give recommendations on ODFL, the consensus analyst rating on Old Dominion Freight Line is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent ODFL Analyst Forecasts
Bascome Majors, a top 23% analyst from Susquehanna maintains ODFL with a strong buy rating and raises their ODFL price target from $232.50 to $257.50, on Feb 8, 2024.
J. Bruce Chan, a bottom 10% analyst from Stifel Nicolaus maintains ODFL with a strong buy rating and raises their ODFL price target from $208.00 to $217.00, on Jan 10, 2024.
Amit Mehrotra, a top 14% analyst from Deutsche Bank downgrades ODFL to a hold rating and lowers their ODFL price target from $237.50 to $193.00, on Nov 27, 2023.
Christian Wetherbee, a top 4% analyst from Citigroup maintains ODFL with a hold rating and lowers their ODFL price target from $225.00 to $210.00, on Oct 26, 2023.
Allison Poliniak Cusic, a top 5% analyst from Wells Fargo maintains ODFL with a strong buy rating and lowers their ODFL price target from $252.50 to $217.50, on Oct 26, 2023.
You can dive deeper into what analysts are saying on the Old Dominion Freight Line stock forecast page.
ODFL Technicals
ODFL Earnings
Last year, ODFL earnings were $1.24B. Over the last 5 year, ODFL's earnings have gone up by 18.11% per year. This was faster than the Trucking industry average of 8.81%.
Last year, ODFL revenue was $5.87B. During the past five year, ODFL's revenue has grown by 7.72% per year. This was faster than the Trucking industry average of 5.08%.
Dig into ODFL's earnings and revenue performance here.
What are ODFL insiders up to?
Over the last year, executives and large shareholders at ODFL have sold more shares than they have bought.
Greg C. Gantt, Director of ODFL, was the latest ODFL insider to sell. They sold $466,033.75 worth of ODFL shares on Apr 1, 2024.
Get more info about who owns ODFL stock here.
Can I rely on ODFL as an income stream?
Old Dominion Freight Line pays a dividend of 0.39%, compared to the Trucking industry's average dividend yield of 1%. If you owned $1,000 worth of ODFL stock, you would have received $3.91 last year.
Old Dominion Freight Line dividend payments have consistently grown over the past 8 years and have remained stable.
Dig into more analysis about Old Dominion Freight Line dividend yield and history here.
ODFL Social Trading Data
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your ODFL buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, use a limit order.
Press the Open Trade button and eToro will place the order.
If you want more assistance buying stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your ODFL investment
Now that you own some ODFL stock, you'll want to stay up-to-date on your shares.
Start a watchlist to keep track of your ODFL stock.
ODFL Feed
How to Buy Stock in Old Dominion Freight Line
To reiterate, here are the 6 steps to buy Old Dominion Freight Line stock:
- Choose where to buy Old Dominion Freight Line stock
- Open your brokerage account
- Put funds into your investment account
- Evaluate Old Dominion Freight Line stock
- Make your ODFL buy order
- Keep tabs on your ODFL investment
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to track your investment in Old Dominion Freight Line, hit the button below to create your watchlist.
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