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Old Dominion Freight Line, Inc. (NASDAQ: ODFL) closed the day trading at $193.50 down -0.64% from the previous closing price of $194.75. In other words, the price has decreased by -$0.64 from its previous closing price. On the day, 0.81 million shares were traded. ODFL stock price reached its highest trading level at $195.9634 during the session, while it also had its lowest trading level at $193.07.
Ratios:
For a better understanding of ODFL, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 396.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.79. For the most recent quarter (mrq), Quick Ratio is recorded 1.46 and its Current Ratio is at 1.46. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on September 06, 2024, Reiterated its Hold rating but revised its target price to $209 from $214 previously.
On June 25, 2024, Evercore ISI Downgraded its rating to In-line which previously was Outperform and also lowered its target price recommendation from $225 to $196.
On June 07, 2024, Wells Fargo started tracking the stock assigning a Underweight rating and target price of $175.Wells Fargo initiated its Underweight rating on June 07, 2024, with a $175 target price.
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 Aug 29 ’24 when CONGDON DAVID S sold 10,000 shares for $195.17 per share. The transaction valued at 1,951,700 led to the insider holds 1,391,621 shares of the business.
CONGDON DAVID S sold 10,025 shares of ODFL for $1,906,655 on Aug 30 ’24. The Executive Chairman now owns 1,381,596 shares after completing the transaction at $190.19 per share. On Aug 30 ’24, another insider, CONGDON DAVID S, who serves as the Affiliate of the company, bought 10,025 shares for $190.19 each.
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 41466466304 and an Enterprise Value of 41421791232. As of this moment, Old’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.18, and their Forward P/E ratio for the next fiscal year is 30.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.95 while its Price-to-Book (P/B) ratio in mrq is 10.11. Its current Enterprise Value per Revenue stands at 6.939 whereas that against EBITDA is 20.588.
Stock Price History:
Over the past 52 weeks, ODFL has reached a high of $227.80, while it has fallen to a 52-week low of $165.49. The 50-Day Moving Average of the stock is -1.44%, while the 200-Day Moving Average is calculated to be -1.95%.
Shares Statistics:
Over the past 3-months, ODFL traded about 1.52M shares per day on average, while over the past 10 days, ODFL traded about 1583930 shares per day. A total of 217.93M shares are outstanding, with a floating share count of 185.07M. Insiders hold about 13.64% of the company’s shares, while institutions hold 77.92% stake in the company. Shares short for ODFL as of 1726185600 were 6078434 with a Short Ratio of 4.00, compared to 1723680000 on 5760891. Therefore, it implies a Short% of Shares Outstanding of 6078434 and a Short% of Float of 4.77.
Dividends & Splits
ODFL’s forward annual dividend rate is 1.44, up from 0.92 a year ago. Against a Trailing Annual Dividend Yield of 0.0047240052The stock’s 5-year Average Dividend Yield is 0.35.
