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How to buy Old Dominion Freight Line stock in Canada | $289.65

Own Old Dominion Freight Line shares in just a few minutes.

Old Dominion Freight Line Inc
NASDAQ: ODFL - USD
TRUCKING
$289.65
- $1.85 ( - 0.63%)

Old Dominion Freight Line is a trucking business based in the US. Old Dominion Freight Line stocks (ODFL.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $256.44 – a decrease of 0.62% over the previous week. Old Dominion Freight Line employs 21,050 staff and has a trailing 12-month revenue of around $4.6 billion.

How to buy Old Dominion Freight Line stock in Canada

  1. Choose a platform. If you're a beginner, our stock trading table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: ODFL in this case.
  5. Research Old Dominion Freight Line stocks. The platform should provide the latest information available.
  6. Buy your Old Dominion Freight Line stocks. It's that simple.

Is it a good time to buy Old Dominion Freight Line stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

How has Coronavirus impacted Old Dominion Freight Line's stock price?

Since the stock market crash in March caused by coronavirus, Old Dominion Freight Line's stock price has had significant positive movement.

Its last market close was $289.65, which is 23.17% up on its pre-crash value of $222.55 and 140.67% up on the lowest point reached during the March crash when the stocks fell as low as $120.35.

If you had bought $1,000 worth of Old Dominion Freight Line stocks at the start of February 2020, those stocks would have been worth $864.46 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,456.94.

Old Dominion Freight Line stock price

Use our graph to track the performance of ODFL stocks over time.

Old Dominion Freight Line stocks at a glance

Information last updated 2021-09-17.
Latest market close$289.65
52-week range$175.799 - $304.22
50-day moving average $284.0497
200-day moving average $258.9692
Wall St. target price$276.3
PE ratio 39.5049
Dividend yield $0.7 (0.24%)
Earnings per share (TTM) $7.332

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Old Dominion Freight Line price performance over time

Historical closes compared with the last close of $289.65

1 week (2021-09-09) 289.65
1 month (2021-08-19) 3.63%
3 months (2021-06-18) 17.58%
6 months (2021-03-19) 25.60%
1 year (2020-09-18) 57.36%
2 years (2019-09-18) 66.57%
3 years (2018-09-18) 77.86%
5 years (2016-09-16) 321.55%

Is Old Dominion Freight Line under- or over-valued?

Valuing Old Dominion Freight Line stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Old Dominion Freight Line's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Old Dominion Freight Line's P/E ratio

Old Dominion Freight Line's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 40x. In other words, Old Dominion Freight Line stocks trade at around 40x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the stocks or simply that they're over-valued.

Old Dominion Freight Line's PEG ratio

Old Dominion Freight Line's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.9138. A low ratio can be interpreted as meaning the stocks offer better value, while a higher ratio can be interpreted as meaning the stocks offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Old Dominion Freight Line's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.

Old Dominion Freight Line's EBITDA

Old Dominion Freight Line's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$1.4 billion.

The EBITDA is a measure of a Old Dominion Freight Line's overall financial performance and is widely used to measure a its profitability.

Old Dominion Freight Line financials

Revenue TTM USD$4.6 billion
Operating margin TTM 25.35%
Gross profit TTM USD$1.5 billion
Return on assets TTM 16.84%
Return on equity TTM 26.96%
Profit margin 18.8%
Book value $29.379
Market capitalisation USD$33.5 billion

TTM: trailing 12 months

How to short and sell Old Dominion Freight Line stocks

  1. Create a CFD or spread betting account.
  2. Search for the stock code. E.g. "ODFL.US"
  3. Choose your position size.
  4. Select "sell" rather than "buy".
  5. Confirm your position and keep tabs on it. You may wish to set limits on your position.

There are currently 2.0 million Old Dominion Freight Line stocks held short by investors – that's known as Old Dominion Freight Line's "short interest". This figure is 70% up from 1.2 million last month.

There are a few different ways that this level of interest in shorting Old Dominion Freight Line stocks can be evaluated.

Old Dominion Freight Line's "short interest ratio" (SIR)

Old Dominion Freight Line's "short interest ratio" (SIR) is the quantity of Old Dominion Freight Line stocks currently shorted divided by the average quantity of Old Dominion Freight Line stocks traded daily (recently around 423200). Old Dominion Freight Line's SIR currently stands at 4.84. In other words for every 100,000 Old Dominion Freight Line stocks traded daily on the market, roughly 4840 stocks are currently held short.

However Old Dominion Freight Line's short interest can also be evaluated against the total number of Old Dominion Freight Line stocks, or, against the total number of tradable Old Dominion Freight Line stocks (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Old Dominion Freight Line's short interest could be expressed as 0.02% of the outstanding stocks (for every 100,000 Old Dominion Freight Line stocks in existence, roughly 20 stocks are currently held short) or 0.0199% of the tradable stocks (for every 100,000 tradable Old Dominion Freight Line stocks, roughly 20 stocks are currently held short).

Such a low SIR usually points to an optimistic outlook for the stock price, with fewer people currently willing to bet against Old Dominion Freight Line.

Find out more about how you can short Old Dominion Freight Line stock.

Old Dominion Freight Line stock dividends

10%

Dividend payout ratio: 10.23% of net profits

Recently Old Dominion Freight Line has paid out, on average, around 10.23% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.28% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Old Dominion Freight Line shareholders could enjoy a 0.28% return on their shares, in the form of dividend payments. In Old Dominion Freight Line's case, that would currently equate to about $0.7 per share.

While Old Dominion Freight Line's payout ratio might seem low, this can signify that Old Dominion Freight Line is investing more in its future growth.

Old Dominion Freight Line's most recent dividend payout was on 15 September 2021. The latest dividend was paid out to all shareholders who bought their stocks by 31 August 2021 (the "ex-dividend date").

Have Old Dominion Freight Line stocks ever split?

Old Dominion Freight Line stocks were split on a 3:2 basis on 25 March 2020. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Old Dominion Freight Line stocks – just the quantity. However, indirectly, the new 33.3% lower stock price could have impacted the market appetite for Old Dominion Freight Line stocks which in turn could have impacted Old Dominion Freight Line's stock price.

Old Dominion Freight Line stock price volatility

Over the last 12 months, Old Dominion Freight Line's stocks have ranged in value from as little as $175.799 up to $304.22. A popular way to gauge a stock's volatility is its "beta".

ODFL.US volatility(beta: 0.99)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a stocks volatility in relation to the market. The market (NASDAQ average) beta is 1, while Old Dominion Freight Line's is 0.9902. This would suggest that Old Dominion Freight Line's stocks are less volatile than average (for this exchange).

Old Dominion Freight Line overview

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. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting. It owns 9,288 tractors and 42 maintenance centers. As of August 3, 2021, it owned 248 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is based in Thomasville, North Carolina.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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