How to buy Old Dominion Freight Line (ODFL) stocks in Canada
Learn how to easily invest in Old Dominion Freight Line stocks.
Old Dominion Freight Line is a trucking business based in the US. Old Dominion Freight Line shares (ODFL.US) are listed on the NASDAQ and all prices are listed in US dollars. Its last market close was $387.38 – a decrease of 2.83% over the previous day. Old Dominion Freight Line employs 22,587 staff and has a trailing 12-month revenue of around $5.9 billion.
How to buy shares in Old Dominion Freight Line
- Choose a platform. If you're a beginner, our stock trading table below can help you choose.
- Open your account. Provide your personal information and sign up.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: ODFL in this case.
- Research stocks. The platform should provide the latest information available.
- Buy your stocks. Place a market order or limit order with your preferred number of shares. It's that simple.
- Easy-to-use platform
- Low fees
- Student and young investor discounts
- Access to international stock exchanges
- Low margin rates
- Powerful research tools
- $50 in free trades
- Low commissions
- Easy-to-use app
Is it a good time to buy Old Dominion Freight Line stock?
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Share price volatility
Over the last 12 months, Old Dominion Freight Line's shares have ranged in value from as little as $276.5508 up to $437.6362. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Old Dominion Freight Line's is 1.077. This would suggest that Old Dominion Freight Line's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
|1 week (2023-11-22)||-4.05%|
|1 month (2023-10-29)||2.17%|
|3 months (2023-08-29)||-9.27%|
|6 months (2023-05-29)||21.45%|
|1 year (2022-11-29)||33.22%|
|2 years (2021-11-29)||9.34%|
|3 years (2020-11-29)||93.96%|
|5 years (2018-11-29)||334.74%|
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.
Buy Old Dominion Freight Line stocks from these online trading platformsCompare special offers, low fees and a wide range of investment options among top trading platforms.
Note: The dollar amounts in the table below are in Canadian dollars.
Is Old Dominion Freight Line under- or over-valued?
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Old Dominion Freight Line P/E ratio, PEG ratio and EBITDA
Old Dominion Freight Line's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 34x. In other words, Old Dominion Freight Line stocks trade at around 34x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 10, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Old Dominion Freight Line's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.4593. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.
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 (earnings before interest, taxes, depreciation and amortisation) is a whopping $2 billion ($2.7 billion CAD).
The EBITDA is a measure of a Old Dominion Freight Line's overall financial performance and is widely used to measure a its profitability.
Frequently asked questions
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