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After finishing at $203.00 in the prior trading day, Old Dominion Freight Line, Inc (NASDAQ: ODFL) closed at $203.93, up 0.46%. In other words, the price has increased by $0.46 from its previous closing price. On the day, 1.31 million shares were traded. ODFL stock price reached its highest trading level at $205.0537 during the session, while it also had its lowest trading level at $202.845.
Ratios:
Our goal is to gain a better understanding of ODFL by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 587.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 44.05. For the most recent quarter (mrq), Quick Ratio is recorded 1.33 and its Current Ratio is at 1.33. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
On October 21, 2024, Stifel Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $209 to $197.
BMO Capital Markets Downgraded its Outperform to Market Perform on October 18, 2024, whereas the target price for the stock was revised from $214 to $210.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 19 ’24 when CONGDON EARL E bought 7,577 shares for $213.99 per share.
SUGGS LEO H sold 3,000 shares of ODFL for $676,320 on Nov 08 ’24. The Director now owns 7,383 shares after completing the transaction at $225.44 per share. On Nov 06 ’24, another insider, CONGDON DAVID S, who serves as the Executive Chairman of the company, sold 60,000 shares for $226.30 each. As a result, the insider received 13,578,000 and left with 1,321,596 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ODFL now has a Market Capitalization of 43538644992 and an Enterprise Value of 43524374528. As of this moment, Old’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.64, and their Forward P/E ratio for the next fiscal year is 35.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.35 while its Price-to-Book (P/B) ratio in mrq is 10.44. Its current Enterprise Value per Revenue stands at 7.346 whereas that against EBITDA is 22.078.
Stock Price History:
Over the past 52 weeks, ODFL has reached a high of $233.26, while it has fallen to a 52-week low of $165.49. The 50-Day Moving Average of the stock is -1.84%, while the 200-Day Moving Average is calculated to be 2.63%.
Shares Statistics:
The stock has traded on average 1.38M shares per day over the past 3-months and 1310140 shares per day over the last 10 days, according to various share statistics. A total of 213.79M shares are outstanding, with a floating share count of 184.46M. Insiders hold about 13.60% of the company’s shares, while institutions hold 78.26% stake in the company. Shares short for ODFL as of 1731628800 were 8741258 with a Short Ratio of 6.32, compared to 1728950400 on 7083848. Therefore, it implies a Short% of Shares Outstanding of 8741258 and a Short% of Float of 6.9.
Dividends & Splits
In the trailing 12 months, ODFL’s forward annual dividend rate was 0.98, compared to 1.30 this year. Against a Trailing Annual Dividend Yield of 0.0048275865The stock’s 5-year Average Dividend Yield is 0.35.
