The stock of Old Dominion Freight Line, Inc. (NASDAQ: ODFL) has increased by 0.76 when compared to last closing price of 198.05.Despite this, the company has seen a loss of -0.95% in its stock price over the last five trading days. benzinga.com reported 2024-10-18 that Old Dominion Freight Line, Inc. ODFL shares are trading slightly lower on Friday. BMO Capital Markets analyst Fadi Chamoun downgraded the company to Market Perform from Outperform and lowered the price target to $210 from $214.
Is It Worth Investing in Old Dominion Freight Line, Inc. (NASDAQ: ODFL) Right Now?
The price-to-earnings ratio for Old Dominion Freight Line, Inc. (NASDAQ: ODFL) is above average at 34.21x, Company’s 36-month beta value is 0.99.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for ODFL is 185.07M, and currently, short sellers hold a 3.59% ratio of that floaft. The average trading volume of ODFL on October 23, 2024 was 1.41M shares.
ODFL’s Market Performance
The stock of Old Dominion Freight Line, Inc. (ODFL) has seen a -0.95% decrease in the past week, with a 1.72% rise in the past month, and a 2.53% gain in the past quarter. The volatility ratio for the week is 2.14%, and the volatility levels for the past 30 days are at 2.27% for ODFL. The simple moving average for the last 20 days is 1.38% for ODFL’s stock, with a simple moving average of 1.24% for the last 200 days.
Analysts’ Opinion of ODFL
Many brokerage firms have already submitted their reports for ODFL stocks, with Stifel repeating the rating for ODFL by listing it as a “Hold.” The predicted price for ODFL in the upcoming period, according to Stifel is $197 based on the research report published on October 21, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see ODFL reach a price target of $210, previously predicting the price at $214. The rating they have provided for ODFL stocks is “Market Perform” according to the report published on October 18th, 2024.
Citigroup gave a rating of “Neutral” to ODFL, setting the target price at $206 in the report published on October 09th of the current year.
ODFL Trading at 1.91% 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 -12.40% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 2.14%, as shares surge +0.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.68% upper at present.
During the last 5 trading sessions, ODFL fell by -0.95%, which changed the moving average for the period of 200-days by +3.99% in comparison to the 20-day moving average, which settled at $196.83. In addition, Old Dominion Freight Line, Inc. saw -1.54% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ODFL starting from CONGDON DAVID S, who sale 10,000 shares at the price of $195.17 back on Aug 29 ’24. After this action, CONGDON DAVID S now owns 1,391,621 shares of Old Dominion Freight Line, Inc., valued at $1,951,700 using the latest closing price.
CONGDON DAVID S, the Executive Chairman of Old Dominion Freight Line, Inc., sale 10,025 shares at $190.19 during a trade that took place back on Aug 30 ’24, which means that CONGDON DAVID S is holding 1,381,596 shares at $1,906,655 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 0.35. 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 27.97. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 4880.9.
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 7.16. The receivables turnover for the company is 9.88for trailing twelve months and the total asset turnover is 1.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.46.
Conclusion
In a nutshell, Old Dominion Freight Line, Inc. (ODFL) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
