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Hot Stocks
Old Dominion reports May revenue per day up 26% » 07:15
06/06/22
06/06
07:15
06/06/22
07:15
ODFL

Old Dominion

$268.18 /

+0.42 (+0.16%)

Old Dominion reported…

Old Dominion reported certain less-than-truckload, or LTL, operating metrics for May . Revenue per day increased 26% as compared to May 2021 due to a 2.3% increase in LTL tons per day and an increase in LTL revenue per hundredweight. The change in LTL tons per day was attributable to a 2.8% increase in LTL shipments per day that was partially offset by a 0.6% decrease in LTL weight per shipment. For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased 22.4% and 9.6%, respectively, as compared to the same period last year.

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ODFL Old Dominion
$268.18 /

+0.42 (+0.16%)

ODFL Old Dominion
$268.18 /

+0.42 (+0.16%)

05/19/22 Citi
Old Dominion price target lowered to $265 from $295 at Citi
04/28/22 Cowen
Old Dominion price target raised to $232 from $213 at Cowen
04/28/22 Wells Fargo
Old Dominion price target raised to $280 from $255 at Wells Fargo
04/28/22 Susquehanna
Old Dominion price target raised to $285 from $275 at Susquehanna
ODFL Old Dominion
$268.18 /

+0.42 (+0.16%)

ODFL Old Dominion
$268.18 /

+0.42 (+0.16%)

Over a month ago
Recommendations
Old Dominion price target lowered to $265 from $295 at Citi » 05:44
05/19/22
05/19
05:44
05/19/22
05:44
ODFL

Old Dominion

$236.52 /

-34.99 (-12.89%)

Citi analyst Christian…

Citi analyst Christian Wetherbee lowered the firm's price target on Old Dominion to $265 from $295 and keeps a Neutral rating on the shares. The analyst downgraded three stocks in U.S. rails and lowered estimates across the board for the group. He sees near-term risk in a decelerating freight and economic environment and notes that rail valuations have actually improved relative to the market while earnings growth expectations are at their highest. A more cautious approach is warranted given "freight warning signs" and "persistent" service issues, Wetherbee tells investors in a research note. He believes these can result in a "delayed operational reaction to a true downturn."

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ODFL Old Dominion
$236.52 /

-34.99 (-12.89%)

ODFL Old Dominion
$236.52 /

-34.99 (-12.89%)

04/28/22 Cowen
Old Dominion price target raised to $232 from $213 at Cowen
04/28/22 Wells Fargo
Old Dominion price target raised to $280 from $255 at Wells Fargo
04/28/22 Susquehanna
Old Dominion price target raised to $285 from $275 at Susquehanna
04/20/22 Raymond James
Old Dominion price target lowered to $305 from $365 at Raymond James
ODFL Old Dominion
$236.52 /

-34.99 (-12.89%)

ODFL Old Dominion
$236.52 /

-34.99 (-12.89%)

Recommendations
Old Dominion price target raised to $232 from $213 at Cowen » 07:33
04/28/22
04/28
07:33
04/28/22
07:33
ODFL

Old Dominion

$272.42 /

+0.17 (+0.06%)

Cowen analyst Jason Seidl…

Cowen analyst Jason Seidl raised the firm's price target on Old Dominion to $232 from $213 and keeps a Market Perform rating on the shares. The analyst said they reported a 1Q above his forecast and consensus expectations as both pricing and volume held up in the quarter while April data suggests revenue growth of 28% driven by continued strength in consumer and industrial shipments.

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ODFL Old Dominion
$272.42 /

+0.17 (+0.06%)

ODFL Old Dominion
$272.42 /

+0.17 (+0.06%)

04/28/22 Wells Fargo
Old Dominion price target raised to $280 from $255 at Wells Fargo
04/28/22 Susquehanna
Old Dominion price target raised to $285 from $275 at Susquehanna
04/20/22 Raymond James
Old Dominion price target lowered to $305 from $365 at Raymond James
04/04/22 Deutsche Bank
Transportation selloff likely to become 'rare' opportunity, says Deutsche Bank
ODFL Old Dominion
$272.42 /

+0.17 (+0.06%)

ODFL Old Dominion
$272.42 /

+0.17 (+0.06%)

Recommendations
Old Dominion price target raised to $280 from $255 at Wells Fargo » 07:21
04/28/22
04/28
07:21
04/28/22
07:21
ODFL

Old Dominion

$272.42 /

+0.17 (+0.06%)

Wells Fargo analyst…

Wells Fargo analyst Allison Poliniak-Cusic raised the firm's price target on Old Dominion to $280 from $255 and keeps an Equal Weight rating on the shares. Old Dominion appears on track for another year 200+ bps of OR improvement with a sub-70% possible in Q2, the analyst contends.

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ODFL Old Dominion
$272.42 /

+0.17 (+0.06%)

ODFL Old Dominion
$272.42 /

+0.17 (+0.06%)

04/28/22 Susquehanna
Old Dominion price target raised to $285 from $275 at Susquehanna
04/20/22 Raymond James
Old Dominion price target lowered to $305 from $365 at Raymond James
04/04/22 Deutsche Bank
Transportation selloff likely to become 'rare' opportunity, says Deutsche Bank
03/31/22 Deutsche Bank
Old Dominion named 'Catalyst Call Buy' ahead of Q1 at Deutsche Bank
ODFL Old Dominion
$272.42 /

+0.17 (+0.06%)

ODFL Old Dominion
$272.42 /

+0.17 (+0.06%)

Recommendations
Old Dominion price target raised to $285 from $275 at Susquehanna » 06:51
04/28/22
04/28
06:51
04/28/22
06:51
ODFL

Old Dominion

$272.42 /

+0.17 (+0.06%)

Susquehanna analyst…

Susquehanna analyst Bascome Majors raised the firm's price target on Old Dominion to $285 from $275 and keeps a Neutral rating on the shares. The analyst noted they reported an operating beat led by better than seasonal margin and said he believes earnings still have room to grow into a late-cycle multiple, with ODFL the only truck-related transport still trading above its long-term average P/E.

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ODFL Old Dominion
$272.42 /

+0.17 (+0.06%)

ODFL Old Dominion
$272.42 /

+0.17 (+0.06%)

04/20/22 Raymond James
Old Dominion price target lowered to $305 from $365 at Raymond James
04/04/22 Deutsche Bank
Transportation selloff likely to become 'rare' opportunity, says Deutsche Bank
03/31/22 Deutsche Bank
Old Dominion named 'Catalyst Call Buy' ahead of Q1 at Deutsche Bank
02/10/22 Stifel
Old Dominion price target raised to $335 from $320 at Stifel
ODFL Old Dominion
$272.42 /

+0.17 (+0.06%)

ODFL Old Dominion
$272.42 /

+0.17 (+0.06%)

Hot Stocks
Old Dominion: Month to-date revenue per day has increased 28% vs. last year » 10:17
04/27/22
04/27
10:17
04/27/22
10:17
ODFL

Old Dominion

$266.47 /

-5.78 (-2.12%)

Comments taken from Q1…

Comments taken from Q1 earnings conference call.

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ODFL Old Dominion
$266.47 /

-5.78 (-2.12%)

ODFL Old Dominion
$266.47 /

-5.78 (-2.12%)

04/20/22 Raymond James
Old Dominion price target lowered to $305 from $365 at Raymond James
04/04/22 Deutsche Bank
Transportation selloff likely to become 'rare' opportunity, says Deutsche Bank
03/31/22 Deutsche Bank
Old Dominion named 'Catalyst Call Buy' ahead of Q1 at Deutsche Bank
02/10/22 Stifel
Old Dominion price target raised to $335 from $320 at Stifel
ODFL Old Dominion
$266.47 /

-5.78 (-2.12%)

ODFL Old Dominion
$266.47 /

-5.78 (-2.12%)

Earnings
Old Dominion reports Q1 EPS $2.60, consensus $2.39 » 07:29
04/27/22
04/27
07:29
04/27/22
07:29
ODFL

Old Dominion

$272.25 /

-7.39 (-2.64%)

Reports Q1 revenue $1.5B,…

Reports Q1 revenue $1.5B, consensus $1.45B. Greg Gantt, president and CEO of Old Dominion, commented, "Old Dominion is off to a successful start in 2022 with first quarter financial results that include new Company records for revenue and earnings per diluted share. The increase in revenue for the quarter reflects the consistent strength in demand for our superior service that was supported by a favorable domestic economy. We continue to provide best-in-class service at a fair price while also offering available network capacity, both of which differentiate Old Dominion in the marketplace and support our ongoing ability to win market share."

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ODFL Old Dominion
$272.25 /

-7.39 (-2.64%)

ODFL Old Dominion
$272.25 /

-7.39 (-2.64%)

04/20/22 Raymond James
Old Dominion price target lowered to $305 from $365 at Raymond James
04/04/22 Deutsche Bank
Transportation selloff likely to become 'rare' opportunity, says Deutsche Bank
03/31/22 Deutsche Bank
Old Dominion named 'Catalyst Call Buy' ahead of Q1 at Deutsche Bank
02/10/22 Stifel
Old Dominion price target raised to $335 from $320 at Stifel
ODFL Old Dominion
$272.25 /

-7.39 (-2.64%)

ODFL Old Dominion
$272.25 /

-7.39 (-2.64%)

Recommendations
Old Dominion price target lowered to $305 from $365 at Raymond James » 07:11
04/20/22
04/20
07:11
04/20/22
07:11
ODFL

Old Dominion

$273.88 /

+8.77 (+3.31%)

Raymond James analyst…

Raymond James analyst Patrick Tyler Brown lowered the firm's price target on Old Dominion to $305 from $365 and keeps an Outperform rating on the shares. Brown continues to see durability in the firm's secular LTL pricing thesis and believes that Old Dominion's high-quality network and industry-leading door ownership position carries more value and competitive advantages than the market appreciates, the analyst tells investors in a research note.

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ODFL Old Dominion
$273.88 /

+8.77 (+3.31%)

ODFL Old Dominion
$273.88 /

+8.77 (+3.31%)

04/04/22 Deutsche Bank
Transportation selloff likely to become 'rare' opportunity, says Deutsche Bank
03/31/22 Deutsche Bank
Old Dominion named 'Catalyst Call Buy' ahead of Q1 at Deutsche Bank
02/10/22 Stifel
Old Dominion price target raised to $335 from $320 at Stifel
02/03/22 Wells Fargo
Old Dominion price target raised to $348 from $335 at Wells Fargo
ODFL Old Dominion
$273.88 /

+8.77 (+3.31%)

ODFL Old Dominion
$273.88 /

+8.77 (+3.31%)

Recommendations
Transportation selloff likely to become 'rare' opportunity, says Deutsche Bank » 06:31
04/04/22
04/04
06:31
04/04/22
06:31
XPO

XPO Logistics

$69.89 /

-2.9 (-3.98%)

, GXO

GXO Logistics

$69.21 /

-2.11 (-2.96%)

, SAIA

Saia

$233.69 /

-10.3 (-4.22%)

, ODFL

Old Dominion

$278.44 /

-20.46 (-6.85%)

, UPS

UPS

$206.62 /

-7.94 (-3.70%)

, CNI

Canadian National

$127.80 /

-6.34 (-4.73%)

, KNX

Knight-Swift

$47.31 /

-3.165 (-6.27%)

, CNQ

Canadian Natural

$63.04 /

+1.01 (+1.63%)

, UNP

Union Pacific

$259.86 /

-13.405 (-4.91%)

, CSX

CSX

$35.50 /

-1.95 (-5.21%)

The recent sharp sell-off…

The recent sharp sell-off in transportation equities "is likely to soon become a rare and compelling buying opportunity," Deutsche Bank analyst Amit Mehrotra tells investors in a research note. Equity markets "almost always overshoot during periods of macro transition," and the transition poses the greatest risk to cyclicals as "fear" takes hold, says the analyst. He believes that over time, the "rules of cyclical investing emerge, which allow valuation to re-rate higher as greater clarity is reached on peak-to-trough declines." Mehrotra thinks the current "air pocket" in consumer freight flows reflects China's COVID-19-related lockdowns, with volume likely to come back strongly as restrictions ease. He cautions, though, that there is potential for 40% further downside in transportation equities under a "fear" scenario, which is not his base case.

ShowHide Related Items >><<
XPO XPO Logistics
$69.89 /

-2.9 (-3.98%)

UPS UPS
$206.62 /

-7.94 (-3.70%)

UNP Union Pacific
$259.86 /

-13.405 (-4.91%)

SAIA Saia
$233.69 /

-10.3 (-4.22%)

ODFL Old Dominion
$278.44 /

-20.46 (-6.85%)

KNX Knight-Swift
$47.31 /

-3.165 (-6.27%)

GXO GXO Logistics
$69.21 /

-2.11 (-2.96%)

CSX CSX
$35.50 /

-1.95 (-5.21%)

CNI Canadian National
$127.80 /

-6.34 (-4.73%)

XPO XPO Logistics
$69.89 /

-2.9 (-3.98%)

03/29/22 Stifel
Stifel keeps Buy on XPO Logistics, lowers price target to $92
03/28/22 Raymond James
XPO Logistics price target raised to $105 from $95 at Raymond James
03/28/22 Citi
XPO Logistics has begun to unlock value, says Citi
03/15/22 Evercore ISI
Duolingo, XPO Logistics added to 'Best SMID 'Core' Ideas' list at Evercore ISI
GXO GXO Logistics
$69.21 /

-2.11 (-2.96%)

03/01/22 Stifel
GXO Logistics initiated with a Buy at Stifel
03/01/22 Citi
Citi 'constructive' on GXO acquisition of Clipper Logistics
02/22/22 JPMorgan
JPMorgan sees positive GXO share reaction from possible deal
02/17/22 Wells Fargo
GXO Logistics price target raised to $110 from $105 at Wells Fargo
SAIA Saia
$233.69 /

-10.3 (-4.22%)

03/31/22 Deutsche Bank
Saia named 'Catalyst Call Buy' ahead of Q1 at Deutsche Bank
02/03/22 Susquehanna
Saia price target lowered to $380 from $400 at Susquehanna
02/03/22 Deutsche Bank
Saia price target raised to $377 from $363 at Deutsche Bank
02/03/22 Wells Fargo
Saia price target raised to $367 from $336 at Wells Fargo
ODFL Old Dominion
$278.44 /

-20.46 (-6.85%)

03/31/22 Deutsche Bank
Old Dominion named 'Catalyst Call Buy' ahead of Q1 at Deutsche Bank
02/10/22 Stifel
Old Dominion price target raised to $335 from $320 at Stifel
02/03/22 Wells Fargo
Old Dominion price target raised to $348 from $335 at Wells Fargo
02/03/22 Citi
Old Dominion price target raised to $350 from $340 at Citi
UPS UPS
$206.62 /

-7.94 (-3.70%)

02/02/22 Loop Capital
UPS price target raised to $250 from $226 at Loop Capital
02/02/22 Morgan Stanley
UPS price target raised to $150 from $135 at Morgan Stanley
02/02/22 Cowen
UPS price target raised to $232 from $203 at Cowen
02/02/22 Wells Fargo
UPS price target raised to $270 from $245 at Wells Fargo
CNI Canadian National
$127.80 /

-6.34 (-4.73%)

03/10/22 JPMorgan
Canadian National resumed with a Neutral at JPMorgan
02/17/22 Argus
Argus upgraded Canadian National to Buy on improving profitability and valuation
02/17/22 Argus
Canadian National upgraded to Buy from Hold at Argus
01/27/22 Desjardins
Canadian National price target raised to C$172 from C$170 at Desjardins
KNX Knight-Swift
$47.31 /

-3.165 (-6.27%)

04/01/22 Stephens
Knight-Swift price target lowered to $66 from $70 at Stephens
03/04/22 Susquehanna
Knight-Swift upgraded on attractive risk/reward at Susquehanna
03/04/22 Susquehanna
Knight-Swift upgraded to Positive from Neutral at Susquehanna
01/27/22 Cowen
Knight-Swift price target raised to $84 from $77 at Cowen
CNQ Canadian Natural
$63.04 /

+1.01 (+1.63%)

03/31/22 RBC Capital
Canadian Natural price target raised to C$85 from C$80 at RBC Capital
03/08/22 Scotiabank
Canadian Natural price target raised to C$80 from C$64 at Scotiabank
03/07/22 Stifel
Canadian Natural price target raised to C$100 from C$80 at Stifel
03/07/22 Credit Suisse
Canadian Natural price target raised to C$74 from C$63 at Credit Suisse
UNP Union Pacific
$259.86 /

-13.405 (-4.91%)

03/17/22 RBC Capital
Union Pacific downgraded to Sector Perform from Outperform at RBC Capital
03/17/22 RBC Capital
Union Pacific downgraded to Sector Perform from Outperform at RBC Capital
01/24/22 Deutsche Bank
Union Pacific price target lowered to $260 from $270 at Deutsche Bank
01/21/22 RBC Capital
Union Pacific price target raised to $271 from $264 at RBC Capital
CSX CSX
$35.50 /

-1.95 (-5.21%)

03/17/22 RBC Capital
CSX upgraded to Outperform from Sector Perform at RBC Capital
03/17/22 RBC Capital
CSX upgraded to Outperform from Sector Perform at RBC Capital
01/25/22 Argus
Pullback in CSX offers buying opportunity, says Argus
01/24/22 Deutsche Bank
CSX price target lowered to $41 from $42 at Deutsche Bank
XPO XPO Logistics
$69.89 /

-2.9 (-3.98%)

UPS UPS
$206.62 /

-7.94 (-3.70%)

UNP Union Pacific
$259.86 /

-13.405 (-4.91%)

SAIA Saia
$233.69 /

-10.3 (-4.22%)

ODFL Old Dominion
$278.44 /

-20.46 (-6.85%)

KNX Knight-Swift
$47.31 /

-3.165 (-6.27%)

GXO GXO Logistics
$69.21 /

-2.11 (-2.96%)

CSX CSX
$35.50 /

-1.95 (-5.21%)

CNI Canadian National
$127.80 /

-6.34 (-4.73%)

  • 29
    Jun
XPO XPO Logistics
$69.89 /

-2.9 (-3.98%)

UPS UPS
$206.62 /

-7.94 (-3.70%)

UNP Union Pacific
$259.86 /

-13.405 (-4.91%)

ODFL Old Dominion
$278.44 /

-20.46 (-6.85%)

CSX CSX
$35.50 /

-1.95 (-5.21%)

XPO XPO Logistics
$69.89 /

-2.9 (-3.98%)

UPS UPS
$206.62 /

-7.94 (-3.70%)

UNP Union Pacific
$259.86 /

-13.405 (-4.91%)

SAIA Saia
$233.69 /

-10.3 (-4.22%)

GXO GXO Logistics
$69.21 /

-2.11 (-2.96%)

CSX CSX
$35.50 /

-1.95 (-5.21%)

CNI Canadian National
$127.80 /

-6.34 (-4.73%)

UPS UPS
$206.62 /

-7.94 (-3.70%)

UNP Union Pacific
$259.86 /

-13.405 (-4.91%)

GXO GXO Logistics
$69.21 /

-2.11 (-2.96%)

CSX CSX
$35.50 /

-1.95 (-5.21%)

CNI Canadian National
$127.80 /

-6.34 (-4.73%)

Recommendations
Old Dominion named 'Catalyst Call Buy' ahead of Q1 at Deutsche Bank » 06:25
03/31/22
03/31
06:25
03/31/22
06:25
ODFL

Old Dominion

$311.15 /

-8.05 (-2.52%)

Deutsche Bank analyst…

Deutsche Bank analyst Amit Mehrotra placed a "Catalyst Call Buy" on Hold-rated Old Dominion ahead of the company's Q1 results. He believes the spike in fuel prices in early March has the potential to boost less-than-truckload company margins in Q1, which reflects the unique mechanism of fuel surcharges equating to a percent of base rates. Given base rates have increased significantly over the last several years, Mehrotra sees higher fuel surcharge revenue being margin accretive. The analyst also sees this benefit spilling over to Q2 as fuel prices stay elevated, and more fuel surcharge revenue is realized.

ShowHide Related Items >><<
ODFL Old Dominion
$311.15 /

-8.05 (-2.52%)

ODFL Old Dominion
$311.15 /

-8.05 (-2.52%)

02/10/22 Stifel
Old Dominion price target raised to $335 from $320 at Stifel
02/03/22 Wells Fargo
Old Dominion price target raised to $348 from $335 at Wells Fargo
02/03/22 Citi
Old Dominion price target raised to $350 from $340 at Citi
01/12/22 Citi
Old Dominion price target lowered to $340 from $350 at Citi
ODFL Old Dominion
$311.15 /

-8.05 (-2.52%)

ODFL Old Dominion
$311.15 /

-8.05 (-2.52%)

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