At the time of writing, Old Dominion Freight Line, Inc [ODFL] stock is trading at $207.01, up 1.48%. 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 2.83% over the last week, with a monthly amount glided 9.77%, 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.
For the past year, the stock price of Old Dominion Freight Line, Inc fluctuated between $165.49 and $227.80. 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 $207.01 at the most recent close of the market. An investor can expect a potential return of 31.12% based on the average ODFL price forecast.
Analyzing the ODFL fundamentals
According to Old Dominion Freight Line, Inc [NASDAQ:ODFL], the company’s sales were 5.92B for trailing twelve months, which represents an -2.97% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 204.06 points at the first support level, and at 201.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 208.56, and for the 2nd resistance point, it is at 210.12.
Ratios To Look Out For
It is important to note that Old Dominion Freight Line, Inc [NASDAQ:ODFL] has a current ratio of 1.33. In addition, the Quick Ratio stands at 1.46 and the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 7.49, the price to book ratio is 10.81 and price to earnings (TTM) ratio is 36.20.
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.
