Old Dominion Freight Line, Inc. [ODFL] stock prices are up 2.56% to $199.58 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ODFL shares have gain 4.02% over the last week, with a monthly amount glided 4.35%, 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 October 09, 2024, when Citigroup initiated its Neutral rating and assigned the stock a price target of $206. Previously, TD Cowen reaffirmed its Hold rating on September 06, 2024, and dropped its price target to $209. On June 25, 2024, downgrade downgraded it’s rating to In-line and revised its price target to $196 on the stock. Wells Fargo started tracking the stock assigning a Underweight rating and suggested a price target of $175 on June 07, 2024. BMO Capital Markets initiated its recommendation with a Outperform and recommended $210 as its price target on June 05, 2024. Robert W. Baird upgraded its rating to Outperform for this stock on May 08, 2024, but kept the price target unchanged to $205. In a note dated April 29, 2024, Vertical Research upgraded an Hold rating on this stock but restated the target price of $175.
The stock price of Old Dominion Freight Line, Inc. [ODFL] has been fluctuating between $165.49 and $227.80 over the past year. Currently, Wall Street analysts expect the stock to reach $286.18 within the next 12 months. Old Dominion Freight Line, Inc. [NASDAQ: ODFL] shares were valued at $199.58 at the most recent close of the market. An investor can expect a potential return of 43.39% based on the average ODFL price forecast.
Analyzing the ODFL fundamentals
The Old Dominion Freight Line, Inc. [NASDAQ:ODFL] reported sales of 5.97B for trailing twelve months, representing a surge 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 196.89 points at the first support level, and at 194.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 201.37, and for the 2nd resistance point, it is at 203.17.
Ratios To Look Out For
It’s worth pointing out that Old Dominion Freight Line, Inc. [NASDAQ:ODFL]’s Current Ratio is 1.46. As well, the Quick Ratio is 1.46, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 7.16, the price to book ratio is 10.42 and price to earnings (TTM) ratio is 34.22.
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.
