How to buy Old Dominion Freight Line shares

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

Picture not described

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Old Dominion Freight Line, Inc (ODFL) is a leading trucking business with stocks listed in the US. It opened the day at US$249.16 after a previous close of US$248.41. During the day the price has varied from a low of USD249.16 to a high of USD252.26. The latest price was USD251.03 (25 minute delay). Old Dominion Freight Line is listed on the NASDAQ. All prices are listed in US Dollars.

How to buy shares in Old Dominion Freight Line

  1. Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Old Dominion Freight Line. Find the share by name or ticker symbol: ODFL. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Old Dominion Freight Line reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of US$260.27, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Old Dominion Freight Line, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Old Dominion Freight Line. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Old Dominion Freight Line share price

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

Old Dominion Freight Line shares at a glance

Information last updated 2021-06-11.
OpenUS$249.16
HighUS$252.26
LowUS$249.16
CloseUS$251.03
Previous closeUS$248.41
Change US$2.62
Change % 1.0547%
Volume 657,500
Information last updated 2021-06-10.
52-week rangeUS$153.0895 - US$275.8838
50-day moving average US$261.4643
200-day moving average US$227.0407
Target priceUS$266.33
PE ratio 39.5513
Dividend yield US$0.65 (0.26%)
Earnings per share (TTM) US$6.274

Compare share trading platforms to buy stock

Name Product Standard brokerage for US shares Inactivity fee Currency conversion fee Markets
eToro Share Trading (US stocks)
US$0
US$10 per month if there’s been no login for 12 months
0.50%
US shares, ETFs
Zero brokerage share trading on US stocks with trades as low as $50.
Join the world’s biggest social trading network when you trade stocks, commodities and currencies from the one account.
IG Share Trading
Finder Award
IG Share Trading
US$0
$50 per quarter if you make fewer than three trades in that period
0.70%
ASX shares, Global shares
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
Saxo Capital Markets (Classic account)
US$9.9
No
0.75%
ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, ETFs
Acess 19,000+ stocks on 37 exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
CMC Markets Stockbroking
US$0
No
0.60%
ASX shares, Global shares, mFunds, ETFs
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, ETFs and managed funds, plus access up to 15 major global and Australian stock exchanges.
loading

Compare up to 4 providers

The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

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.

Old Dominion Freight Line price performance over time

Historical closes compared with the last close of $251.03

1 month (2021-05-14) -6.88%
3 months (2021-03-12) 7.36%
6 months (2020-12-14) 28.50%
1 year (2020-06-12) 59.00%
2 years (2019-06-14) 165.10%
3 years (2018-06-14) 134.93%
5 years (2016-06-14) 546.54%

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 shares 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 shares 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 2.3526. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares 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 share 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 US$1.3 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 US$4.2 billion
Operating margin TTM 23.91%
Gross profit TTM US$1.5 billion
Return on assets TTM 14.98%
Return on equity TTM 23.8%
Profit margin 17.79%
Book value 27.525
Market capitalisation US$28.8 billion

TTM: trailing 12 months

Shorting Old Dominion Freight Line shares

There are currently 1.2 million Old Dominion Freight Line shares held short by investors – that's known as Old Dominion Freight Line's "short interest". This figure is 20.4% down from 1.5 million last month.

There are a few different ways that this level of interest in shorting Old Dominion Freight Line shares 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 shares currently shorted divided by the average quantity of Old Dominion Freight Line shares traded daily (recently around 672588.13559322). Old Dominion Freight Line's SIR currently stands at 1.77. In other words for every 100,000 Old Dominion Freight Line shares traded daily on the market, roughly 1770 shares 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 shares, or, against the total number of tradable Old Dominion Freight Line shares (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 0.01% of the outstanding shares (for every 100,000 Old Dominion Freight Line shares in existence, roughly 10 shares are currently held short) or 0.0117% of the tradable shares (for every 100,000 tradable Old Dominion Freight Line shares, roughly 12 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share 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 share dividends

11%

Dividend payout ratio: 11.16% of net profits

Recently Old Dominion Freight Line has paid out, on average, around 11.16% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.32% 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 0.32% return on their shares, in the form of dividend payments. In Old Dominion Freight Line's case, that would currently equate to about $0.65 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 June 2021. The latest dividend was paid out to all shareholders who bought their shares by 31 May 2021 (the "ex-dividend date").

Have Old Dominion Freight Line's shares ever split?

Old Dominion Freight Line's shares were split on a 3:2 basis on 24 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 shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Old Dominion Freight Line shares which in turn could have impacted Old Dominion Freight Line's share price.

Old Dominion Freight Line share price volatility

Over the last 12 months, Old Dominion Freight Line's shares have ranged in value from as little as US$153.0895 up to US$275.8838. A popular way to gauge a stock's volatility is its "beta".

ODFL.US volatility(beta: 1.02)Avg. volatility(beta: 1.00)LowHigh

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 1.0212. 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).

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. As of December 31, 2020, it owned 9,288 tractors, as well as operated 244 service and 42 maintenance centers. Old Dominion Freight Line, Inc. was founded in 1934 and is based in Thomasville, North Carolina.

Frequently asked questions

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site
Not sure what platform to go with?
Take this quick quiz to find the right share trading platform