A share price of Old Dominion Freight Line, Inc. [ODFL] is currently trading at $220.48, up 0.24%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ODFL shares have lost -0.92% over the last week, with a monthly amount glided 4.71%, and seem to be holding up well over a long-time horizon.
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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.
Old Dominion Freight Line, Inc. experienced fluctuations in its stock price throughout the past year between $147.90 and $227.80. 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 $220.48 at the most recent close of the market. An investor can expect a potential return of 72.74% 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 0.37% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 218.62 points at the first support level, and at 216.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 221.90, and for the 2nd resistance point, it is at 223.33.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Old Dominion Freight Line, Inc. [NASDAQ:ODFL] is 2.10. As well, the Quick Ratio is 2.10, while the Cash Ratio is 0.8. Considering the valuation of this stock, the price to sales ratio is 8.18, the price to book ratio is 11.29 and price to earnings (TTM) ratio is 39.16.
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.
