One inventory that may be an in
One inventory that may be an intriguing alternative for buyers proper now’s Outdated Dominion Freight Line, Inc. ODFL. It’s because this safety within the Transportation – Truck area is seeing stable earnings estimate revision exercise, and is in nice firm from a Zacks Trade Rank perspective.
That is necessary as a result of, usually instances, a rising tide will carry all boats in an trade, as there will be broad tendencies going down in a phase which might be boosting securities throughout the board. That is arguably going down within the Transportation – Truck area because it presently has a Zacks Trade Rank of 25 out of greater than 250 industries, suggesting it’s well-positioned from this angle, particularly when in comparison with different segments on the market.
In the meantime, Outdated Dominion is definitely trying fairly good by itself too. The agency has seen stable earnings estimate revision exercise over the previous month, suggesting analysts have gotten a bit extra bullish on the agency’s prospects in each the quick and long run.
Outdated Dominion Freight Line, Inc. Value and Consensus
Outdated Dominion Freight Line, Inc. price-consensus-chart | Outdated Dominion Freight Line, Inc. Quote
The truth is, over the previous month, present quarter estimates have risen from $1.97 per share to $2.13 per share, whereas present yr estimates have risen from $7.72 per share to $7.90 per share. This has helped ODFL to earn a Zacks Rank #2 (Purchase), additional underscoring the corporate’s stable place. You’ll be able to see the whole record of in the present day’s Zacks #1 Rank (Sturdy Purchase) shares right here.
So, in case you are searching for an honest choose in a robust trade, think about Outdated Dominion. Not solely is its trade presently within the prime third, however it’s seeing stable estimate revisions as of late, suggesting it may very well be a really fascinating alternative for buyers searching for a reputation on this nice trade phase.
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Outdated Dominion Freight Line, Inc. (ODFL): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.