At the time of writing, Old Dominion Freight Line, Inc [ODFL] stock is trading at $186.86, up 1.76%. An important factor to consider is whether the stock is rising or falling in short-term value. The ODFL shares have gain 3.44% over the last week, with a monthly amount drifted -7.97%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Old Dominion Freight Line, Inc [NASDAQ: ODFL] stock has seen the most recent analyst activity on January 07, 2025, when Susquehanna downgraded its rating to a Neutral but kept the price target unchanged to $195 for it. Previously, Argus downgraded its rating to Hold on November 12, 2024. On October 21, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $197 on the stock. BMO Capital Markets downgraded its rating to a Market Perform and decreased its price target to $210 on October 18, 2024. Citigroup initiated its recommendation with a Neutral and recommended $206 as its price target on October 09, 2024. TD Cowen reiterated a Hold rating for this stock on September 06, 2024, and downed its price target to $209. In a note dated June 25, 2024, Evercore ISI downgraded an In-line rating on this stock and revised its target price from $225 to $196.
For the past year, the stock price of Old Dominion Freight Line, Inc fluctuated between $165.49 and $233.26. Currently, Wall Street analysts expect the stock to reach $204.86 within the next 12 months. Old Dominion Freight Line, Inc [NASDAQ: ODFL] shares were valued at $186.86 at the most recent close of the market. An investor can expect a potential return of 9.63% 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 0.28%, 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 0.29 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 185.30 points at the first support level, and at 183.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 189.16, and for the 2nd resistance point, it is at 191.46.
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. On the other hand, the Quick Ratio is 1.33, and the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 6.73, the price to book ratio is 9.57 and price to earnings (TTM) ratio is 32.66.
Transactions by insiders
Recent insider trading involved CONGDON EARL E, Affiliate, that happened on Nov 19 ’24 when 7577.0 shares were purchased. Director, SUGGS LEO H completed a deal on Nov 08 ’24 to sell 3000.0 shares. Meanwhile, Executive Chairman CONGDON DAVID S sold 60000.0 shares on Nov 06 ’24.
