Old Dominion Freight Line, Inc. [ODFL] stock is trading at $203.82, up 1.25%. 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 8.03% over the last week, with a monthly amount glided 4.66%, 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 21, 2024, when Stifel downgraded its rating to a Hold and also revised its price target to $197 from $209. Previously, BMO Capital Markets downgraded its rating to Market Perform on October 18, 2024, and dropped its price target to $210. On October 09, 2024, Citigroup initiated with a Neutral rating and assigned a price target of $206 on the stock. TD Cowen reiterated its Hold rating and decreased its price target to $209 on September 06, 2024. Evercore ISI downgraded its rating to a In-line and reduced its price target to $196 on June 25, 2024. Wells Fargo started tracking with a Underweight rating for this stock on June 07, 2024, and assigned it a price target of $175. In a note dated June 05, 2024, BMO Capital Markets initiated an Outperform rating and provided a target price of $210 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 $271.44 within the next 12 months. Old Dominion Freight Line, Inc. [NASDAQ: ODFL] shares were valued at $203.82 at the most recent close of the market. An investor can expect a potential return of 33.18% based on the average ODFL price forecast.
Analyzing the ODFL fundamentals
Old Dominion Freight Line, Inc. [NASDAQ:ODFL] reported sales of 5.92B for the trailing twelve months, which represents a drop of -2.97%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.26%, 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 0.29 and Total Capital is 0.33. 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 200.61 points at the first support level, and at 197.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 207.93, and for the 2nd resistance point, it is at 212.03.
Ratios To Look Out For
For context, Old Dominion Freight Line, Inc.’s Current Ratio is 1.33. 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 7.37, the price to book ratio is 10.65 and price to earnings (TTM) ratio is 35.64.
Transactions by insiders
Recent insider trading involved Gantt Greg C, Director, that happened on Oct 28 ’24 when 7000.0 shares were sold. Director, Gantt Greg C completed a deal on Oct 28 ’24 to buy 7000.0 shares. Meanwhile, Executive Chairman CONGDON DAVID S sold 10000.0 shares on Aug 29 ’24.
