A share price of Old Dominion Freight Line, Inc. [ODFL] is currently trading at $445.89, up 1.29%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ODFL shares have gain 5.30% over the last week, with a monthly amount glided 12.76%, and seem to be holding up well over a long-time horizon.
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On 16, February 2024, Old Dominion Freight Line Declares Two-for-One Stock Split. In a post published today on Yahoo Finance, Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has approved a two-for-one stock split of its common stock. The split will be effected by issuing one additional share of common stock for every share of common stock held. The additional shares will be distributed by Computershare Trust Company, N.A., the Company’s transfer agent, on March 27, 2024, to shareholders of record as of the close of business on the record date of March 13, 2024. Upon completion of the split, the Company will have approximately 217,600,000 shares outstanding.
From an analyst’s perspective:
Old Dominion Freight Line, Inc. [NASDAQ: ODFL] stock has seen the most recent analyst activity on January 08, 2024, when Susquehanna upgraded its rating to a Positive. Previously, Deutsche Bank downgraded its rating to Hold on November 27, 2023, and dropped its price target to $386. On October 27, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $416 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $375 on July 17, 2023. BofA Securities upgraded its rating to a Buy and raised its price target to $391 on June 27, 2023. Jefferies started tracking with a Hold rating for this stock on June 12, 2023, and assigned it a price target of $350. In a note dated May 17, 2023, Evercore ISI upgraded an Outperform rating on this stock but restated the target price of $350.
Old Dominion Freight Line, Inc. experienced fluctuations in its stock price throughout the past year between $295.80 and $448.45. Currently, Wall Street analysts expect the stock to reach $349.31 within the next 12 months. Old Dominion Freight Line, Inc. [NASDAQ: ODFL] shares were valued at $445.89 at the most recent close of the market. An investor can expect a potential drop of -21.66% based on the average ODFL price forecast.
Analyzing the ODFL fundamentals
Trailing Twelve Months sales for Old Dominion Freight Line, Inc. [NASDAQ:ODFL] were 5.87B which represents 0.26% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 440.18 points at the first support level, and at 434.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 449.44, and for the 2nd resistance point, it is at 453.00.
Old Dominion Freight Line, Inc. [ODFL] reported earnings per share of $2.94 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.85/share, meaning a difference of $0.09 and a surprise factor of 3.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.09 per share as compared to estimates of $2.92 per share, a difference of $0.17 representing a surprise of 5.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Old Dominion Freight Line, Inc. [NASDAQ:ODFL] is 2.10. Further, the Quick Ratio stands at 1.73, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 8.29, the price to book ratio is 11.98 and price to earnings (TTM) ratio is 39.61.
Transactions by insiders
Recent insider trading involved CONGDON DAVID S, Executive Chairman, that happened on Nov 10 when 24100.0 shares were sold. Executive Chairman, CONGDON DAVID S completed a deal on Nov 09 to sell 2400.0 shares. Meanwhile, Executive Chairman CONGDON DAVID S sold 12000.0 shares on Nov 08.
