A share price of Old Dominion Freight Line, Inc. [ODFL] is currently trading at $195.47, up 0.01%. An important factor to consider is whether the stock is rising or falling in short-term value. The ODFL shares have gain 2.76% over the last week, with a monthly amount glided 12.79%, 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 June 25, 2024, when Evercore ISI downgraded its rating to a In-line and also revised its price target to $196 from $225. Previously, Wells Fargo started tracking the stock with Underweight rating on June 07, 2024, and set its price target to $175. On June 05, 2024, BMO Capital Markets initiated with a Outperform rating and assigned a price target of $210 on the stock. Robert W. Baird upgraded its rating to a Outperform but stick to its price target of $205 on May 08, 2024. Vertical Research upgraded its rating to a Hold but $175 remained the price target by the analyst firm on April 29, 2024. TD Cowen reiterated a Hold rating for this stock on April 26, 2024, and downed its price target to $206. In a note dated March 11, 2024, JP Morgan initiated an Neutral rating and provided a target price of $465 on this stock.
Old Dominion Freight Line, Inc. experienced fluctuations in its stock price throughout the past year between $165.49 and $227.80. Currently, Wall Street analysts expect the stock to reach $303.06 within the next 12 months. Old Dominion Freight Line, Inc. [NASDAQ: ODFL] shares were valued at $195.47 at the most recent close of the market. An investor can expect a potential return of 55.04% based on the average ODFL price forecast.
Analyzing the ODFL fundamentals
Trailing Twelve Months sales for Old Dominion Freight Line, Inc. [NASDAQ:ODFL] were 5.88B which represents 1.24% growth. Gross Profit Margin for this corporation currently stands at 0.36% 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 0.3 and Total Capital is 0.32. 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 193.59 points at the first support level, and at 191.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 197.37, and for the 2nd resistance point, it is at 199.26.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Old Dominion Freight Line, Inc. [NASDAQ:ODFL] is 2.29. On the other hand, the Quick Ratio is 2.29, and the Cash Ratio is 1.06. Considering the valuation of this stock, the price to sales ratio is 7.22, the price to book ratio is 9.66 and price to earnings (TTM) ratio is 34.42.
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.
