Old Dominion Freight Line, Inc. [ODFL] stock is trading at $204.52, up 3.95%. 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 6.93% over the last week, with a monthly amount glided 2.90%, 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 September 06, 2024, when TD Cowen reiterated its Hold rating and also revised its price target to $209 from $214. Previously, Evercore ISI downgraded its rating to In-line on June 25, 2024, and dropped its price target to $196. On June 07, 2024, Wells Fargo initiated with a Underweight rating and assigned a price target of $175 on the stock. BMO Capital Markets started tracking the stock assigning a Outperform rating and suggested a price target of $210 on June 05, 2024. Robert W. Baird upgraded its rating to a Outperform but $205 remained the price target by the analyst firm on May 08, 2024. Vertical Research upgraded its rating to Hold for this stock on April 29, 2024, but kept the price target unchanged to $175. In a note dated April 26, 2024, TD Cowen reiterated an Hold rating on this stock and revised its target price from $209 to $206.
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 $286.65 within the next 12 months. Old Dominion Freight Line, Inc. [NASDAQ: ODFL] shares were valued at $204.52 at the most recent close of the market. An investor can expect a potential return of 40.16% 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 0.24, Equity is 0.3 and Total Capital is 0.35. 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 202.14 points at the first support level, and at 199.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 206.72, and for the 2nd resistance point, it is at 208.92.
Ratios To Look Out For
For context, Old Dominion Freight Line, Inc.’s Current Ratio is 1.46. Further, the Quick Ratio stands at 1.46, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 7.34, the price to book ratio is 10.68 and price to earnings (TTM) ratio is 35.06.
Transactions by insiders
Recent insider trading involved CONGDON DAVID S, Executive Chairman, that happened on Aug 29 ’24 when 10000.0 shares were sold. Executive Chairman, CONGDON DAVID S completed a deal on Aug 30 ’24 to sell 10025.0 shares. Meanwhile, Affiliate CONGDON DAVID S bought 10025.0 shares on Aug 30 ’24.
