Old Dominion Freight Line Inc. [NASDAQ: ODFL] price plunged by -2.53 percent to reach at -$3.41. A sum of 1455788 shares traded at recent session while its average daily volume was at 912.31K shares. Old Dominion Freight Line Inc. shares reached a high of $135.97 and dropped to a low of $130.01 until finishing in the latest session at $131.26.
The one-year ODFL stock forecast points to a potential upside of 1.49. The average equity rating for ODFL stock is currently 2.70, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Old Dominion Freight Line Inc. [ODFL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ODFL shares is $133.24 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ODFL stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for Old Dominion Freight Line Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on March 23, 2020. While these analysts kept the previous recommendation, Stifel raised their target price from $153 to $155. The new note on the price target was released on March 20, 2020, representing the official price target for Old Dominion Freight Line Inc. stock. Previously, the target price had yet another drop from $190 to $180, while BofA/Merrill kept a Neutral rating on ODFL stock.
The Average True Range (ATR) for Old Dominion Freight Line Inc. is set at 9.11, with the Price to Sales ratio for ODFL stock in the period of the last 12 months amounting to 4.18. The Price to Book ratio for the last quarter was 5.09, with the Price to Cash per share for the same quarter was set at 3.08. Price to Free Cash Flow for ODFL in the course of the last twelve months was 38.21 with Quick ratio for the last quarter at 2.40.
ODFL Stock Performance Analysis:
Old Dominion Freight Line Inc. [ODFL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.80. With this latest performance, ODFL shares dropped by -1.59% in over the last four-week period, additionally plugging by 15.84% over the last 6 months – not to mention a rise of 31.90% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ODFL stock in for the last two-week period is set at 53.34, with the RSI for the last a single of trading hit 54.63, and the three-weeks RSI is set at 51.32 for Old Dominion Freight Line Inc. [ODFL]. The present Moving Average for the last 50 days of trading for this stock 133.24, while it was recorded at 134.08 for the last single week of trading, and 120.01 for the last 200 days.
Insight into Old Dominion Freight Line Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Old Dominion Freight Line Inc. [ODFL] shares currently have an operating margin of +20.62 and a Gross Margin at +27.20. Old Dominion Freight Line Inc.’s Net Margin is presently recorded at +14.98.
Return on Total Capital for ODFL is now 28.63, given the latest momentum, and Return on Invested Capital for the company is 21.04. Return on Equity for this stock inclined to 21.37, with Return on Assets sitting at 16.32. When it comes to the capital structure of this company, Old Dominion Freight Line Inc. [ODFL] has a Total Debt to Total Equity ratio set at 1.46. Additionally, ODFL Total Debt to Total Capital is recorded at 1.44, with Total Debt to Total Assets ending up at 2.79. Long-Term Debt to Equity for the company is recorded at 1.46, with the Long-Term Debt to Total Capital now at 1.44.
Old Dominion Freight Line Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.40.
ODFL Stock EPS
With the latest financial reports released by the company, Old Dominion Freight Line Inc. posted 1.09/share EPS, while the average EPS was predicted by analysts to be reported at 1.05/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ODFL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Old Dominion Freight Line Inc. go to 8.56%.
Old Dominion Freight Line Inc. [ODFL] Insider Position Details
There are presently around $12,304 million, or 78.10% of ODFL stock, in the hands of institutional investors. The top three institutional holders of ODFL stocks are: VANGUARD GROUP INC with ownership of 11,377,752, which is approximately 14.543% of the company’s market cap and around 0.10% of the total institutional ownership; CAPITAL RESEARCH GLOBAL INVESTORS, holding 10,940,991 shares of the stock with an approximate value of $1.47 billion in ODFL stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $884.96 million in ODFL stock with ownership of nearly 0.044% of the company’s market capitalization.
249 institutional holders increased their position in Old Dominion Freight Line Inc. [NASDAQ:ODFL] by around 8,833,149 shares. Additionally, 213 investors decreased positions by around 9,542,048 shares, while 69 investors held positions by with 72,985,488 shares. The mentioned changes placed institutional holdings at 91,360,685 shares, according to the latest SEC report filing. ODFL stock had 100 new institutional investments in for a total of 1,740,248 shares, while 37 institutional investors sold positions of 747,418 shares during the same period.