Head-To-Head Analysis: Old Dominion Freight Line (ODFL) versus Con-way (CNW)
Con-way (NYSE: CNW) and Old Dominion Freight Line (NASDAQ:ODFL) are both services companies, but which is the superior business? We will contrast the two businesses based on the strength of their profitabiliy, analyst recommendations, institutional ownership, dividends, risk, earnings and valuation.
This table compares Con-way and Old Dominion Freight Line’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Old Dominion Freight Line||9.89%||16.69%||11.21%|
Institutional & Insider Ownership
77.8% of Old Dominion Freight Line shares are owned by institutional investors. 14.6% of Old Dominion Freight Line shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Valuation & Earnings
This table compares Con-way and Old Dominion Freight Line’s gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Old Dominion Freight Line||$3.04 billion||2.48||$687.79 million||$3.56||25.67|
Old Dominion Freight Line has higher revenue and earnings than Con-way.
This is a summary of recent recommendations and price targets for Con-way and Old Dominion Freight Line, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Old Dominion Freight Line||1||2||3||1||2.57|
Old Dominion Freight Line has a consensus target price of $93.50, suggesting a potential upside of 2.32%. Given Old Dominion Freight Line’s higher possible upside, analysts clearly believe Old Dominion Freight Line is more favorable than Con-way.
Old Dominion Freight Line beats Con-way on 9 of the 9 factors compared between the two stocks.
Con-way Company Profile
Con-way Inc. (Con-way) provides transportation, logistics and supply-chain management services for a range of manufacturing, industrial and retail customers. The Company’s business units operate in regional, inter-regional and transcontinental less-than-truckload and full-truckload freight transportation, multimodal freight brokerage and trailer manufacturing. The Company operates in three segments: Freight, Logistics and Truckload. The Freight segment consists of the operating results of the Con-way Freight business unit. Con-way Freight is a less-than-truckload motor carrier that utilizes a network of freight service centers to provide day-definite regional, inter-regional and transcontinental less-than-truckload freight services. The Logistics segment consists of the operating results of the Menlo Logistics (Menlo) business unit, which develops contract-logistics solutions. The Truckload segment consists of the operating results of the Con-way Truckload business unit.
Old Dominion Freight Line Company Profile
Old Dominion Freight Line, Inc. is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America. In addition to its LTL services, the Company offers a range of other value-added services that include container drayage, truckload brokerage, supply chain consulting and warehousing. As of December 31, 2016, the Company operated 226 service center locations, of which it owned 182 and leased 44. As of December 31, 2016, its network included 10 breakbulk facilities located in Rialto, California; Atlanta, Georgia; Columbus, Ohio; Indianapolis, Indiana; Greensboro, North Carolina; Harrisburg, Pennsylvania; Memphis and Morristown, Tennessee; Dallas, Texas, and Salt Lake City, Utah. As of December 31, 2016, the Company owned 7,994 tractors.
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