Old Dominion Freight Line, Inc. [ODFL] stock is trading at $205.03, up 1.75%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ODFL shares have gain 5.77% over the last week, with a monthly amount glided 16.10%, 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. [ODFL] stock has fluctuated between $165.49 and $227.80 over the past year. Currently, Wall Street analysts expect the stock to reach $292.38 within the next 12 months. Old Dominion Freight Line, Inc. [NASDAQ: ODFL] shares were valued at $205.03 at the most recent close of the market. An investor can expect a potential return of 42.6% based on the average ODFL price forecast.
Analyzing the ODFL fundamentals
Old Dominion Freight Line, Inc. [NASDAQ:ODFL] reported sales of 5.97B for the trailing twelve months, which represents a growth of 6.05%. 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 0.23, Equity is 0.3 and Total Capital is 0.34. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 202.88 points at the first support level, and at 200.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 207.59, and for the 2nd resistance point, it is at 210.15.
Ratios To Look Out For
For context, Old Dominion Freight Line, Inc.’s Current Ratio is 1.46. In addition, the Quick Ratio stands at 2.29 and the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 7.46, the price to book ratio is 10.14 and price to earnings (TTM) ratio is 35.15.
Transactions by insiders
Recent insider trading involved Stith Thomas A. III, Director, that happened on Jul 30 ’24 when 550.0 shares were purchased. Director, Gantt Greg C completed a deal on Jul 29 ’24 to buy 25000.0 shares. Meanwhile, Director Kasarda John D. sold 7972.0 shares on Feb 27 ’24.
