Old Dominion Freight Line, Inc. [ODFL] stock prices are up 0.05% to $224.69 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ODFL shares have gain 3.01% over the last week, with a monthly amount glided 1.42%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 27, March 2024, Old Dominion Freight Line to Webcast First Quarter 2024 Conference Call. In a post published today on Yahoo Finance, Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its first quarter 2024 financial results before opening of trading on Wednesday, April 24, 2024. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, April 24, 2024.
From an analyst’s perspective:
Old Dominion Freight Line, Inc. [NASDAQ: ODFL] stock has seen the most recent analyst activity on March 11, 2024, when JP Morgan initiated its Neutral rating and assigned the stock a price target of $465. Previously, BofA Securities downgraded its rating to Neutral on March 06, 2024, and elevated its price target to $446. On January 08, 2024, upgrade upgraded it’s rating to Positive. Deutsche Bank downgraded its rating to a Hold and decreased its price target to $386 on November 27, 2023. Stifel upgraded its rating to a Buy but $416 remained the price target by the analyst firm on October 27, 2023. Barclays started tracking with a Equal Weight rating for this stock on July 17, 2023, and assigned it a price target of $375. In a note dated June 27, 2023, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $331 to $391.
The stock price of Old Dominion Freight Line, Inc. [ODFL] has been fluctuating between $147.90 and $226.17 over the past year. Currently, Wall Street analysts expect the stock to reach $380.85 within the next 12 months. Old Dominion Freight Line, Inc. [NASDAQ: ODFL] shares were valued at $224.69 at the most recent close of the market. An investor can expect a potential return of 69.5% based on the average ODFL price forecast.
Analyzing the ODFL fundamentals
The Old Dominion Freight Line, Inc. [NASDAQ:ODFL] reported sales of 5.87B for trailing twelve months, representing a surge of 0.26%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.22, Equity is 0.31 and Total Capital is 0.33. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
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 223.53 points at the first support level, and at 222.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 226.83, and for the 2nd resistance point, it is at 228.96.
Old Dominion Freight Line, Inc. [ODFL] reported earnings per share of $1.47 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 $1.42/share, meaning a difference of $0.05 and a surprise factor of 3.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.54 per share as compared to estimates of $1.46 per share, a difference of $0.08 representing a surprise of 5.50%.
Ratios To Look Out For
It’s worth pointing out that Old Dominion Freight Line, Inc. [NASDAQ:ODFL]’s Current Ratio is 2.10. Also, the Quick Ratio is 2.10, while the Cash Ratio stands at 0.8. Considering the valuation of this stock, the price to sales ratio is 8.34, the price to book ratio is 11.50 and price to earnings (TTM) ratio is 39.91.
Transactions by insiders
Recent insider trading involved Kasarda John D., Director, that happened on Feb 27 ’24 when 7972.0 shares were sold. Executive Chairman, CONGDON DAVID S completed a deal on Feb 23 ’24 to sell 34000.0 shares. Meanwhile, Executive Chairman CONGDON DAVID S sold 24100.0 shares on Nov 10 ’23.
