Old Dominion Freight Line, Inc. (NASDAQ: ODFL) has a higher price-to-earnings ratio of 36.04x compared to its average ratio, The 36-month beta value for ODFL is at 0.99. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 5 rating it as “overweight,” 11 as “hold,” and 1 as “sell.”
The public float for ODFL is 188.02M, and currently, shorts hold a 3.38% of that float. The average trading volume for ODFL on August 01, 2024 was 1.88M shares.
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ODFL) stock’s latest price update
The stock price of Old Dominion Freight Line, Inc. (NASDAQ: ODFL) has surged by 2.51 when compared to previous closing price of 205.03, but the company has seen a 8.00% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-28 that Old Dominion Freight Lines (ODFL) is a top dividend growth stock, excelling in the less-than-truckload (“LTL”) segment with remarkable efficiency and service. In 2Q24, ODFL showcased strong pricing power, improved volumes, and a lowered operating ratio, reflecting its operational excellence and strategic investments. With minimal debt, proactive buybacks, and impressive dividend growth, ODFL stands out as a resilient investment, poised for long-term gains in any market condition.
ODFL’s Market Performance
ODFL’s stock has risen by 8.00% in the past week, with a monthly rise of 17.62% and a quarterly rise of 15.67%. The volatility ratio for the week is 4.32% while the volatility levels for the last 30 days are 3.43% for Old Dominion Freight Line, Inc. The simple moving average for the past 20 days is 9.10% for ODFL’s stock, with a 6.46% simple moving average for the past 200 days.
Analysts’ Opinion of ODFL
Many brokerage firms have already submitted their reports for ODFL stocks, with Evercore ISI repeating the rating for ODFL by listing it as a “In-line.” The predicted price for ODFL in the upcoming period, according to Evercore ISI is $196 based on the research report published on June 25, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see ODFL reach a price target of $175. The rating they have provided for ODFL stocks is “Underweight” according to the report published on June 07th, 2024.
BMO Capital Markets gave a rating of “Outperform” to ODFL, setting the target price at $210 in the report published on June 05th of the current year.
ODFL Trading at 15.80% from the 50-Day Moving Average
After a stumble in the market that brought ODFL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.73% of loss for the given period.
Volatility was left at 3.43%, however, over the last 30 days, the volatility rate increased by 4.32%, as shares surge +15.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.81% upper at present.
During the last 5 trading sessions, ODFL rose by +8.00%, which changed the moving average for the period of 200-days by -0.87% in comparison to the 20-day moving average, which settled at $194.05. In addition, Old Dominion Freight Line, Inc. saw 3.71% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ODFL starting from Stith Thomas A. III, who proposed sale 550 shares at the price of $207.35 back on Jul 30 ’24. After this action, Stith Thomas A. III now owns shares of Old Dominion Freight Line, Inc., valued at $114,042 using the latest closing price.
Gantt Greg C, the Director of Old Dominion Freight Line, Inc., proposed sale 25,000 shares at $201.50 during a trade that took place back on Jul 29 ’24, which means that Gantt Greg C is holding shares at $5,037,500 based on the most recent closing price.
Stock Fundamentals for ODFL
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.36 for the gross margin
The net margin for Old Dominion Freight Line, Inc. stands at 0.21. The total capital return value is set at 0.34. Equity return is now at value 32.14, with 24.73 for asset returns.
Based on Old Dominion Freight Line, Inc. (ODFL), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 26.3. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 5461.96.
Currently, EBITDA for the company is 1.97 billion with net debt to EBITDA at -0.01. When we switch over and look at the enterprise to sales, we see a ratio of 7.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.46.
Conclusion
In conclusion, Old Dominion Freight Line, Inc. (ODFL) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
