Old Dominion Freight Line, Inc. (ODFL) concluded trading on Wednesday at a closing price of $194.62, with 3.33 million shares of worth about $647.83 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.27% during that period and on July 24, 2024 the price saw a gain of about 0.40%. Currently the company’s common shares owned by public are about 217.93M shares, out of which, 188.02M shares are available for trading.
Stock saw a price change of -2.04% in past 5 days and over the past one month there was a price change of 10.54%. Year-to-date (YTD), ODFL shares are showing a performance of -3.97% which decreased to -0.06% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $165.49 but also hit the highest price of $227.80 during that period. The average intraday trading volume for Old Dominion Freight Line, Inc. shares is 1.93 million. The stock is currently trading 4.53% above its 20-day simple moving average (SMA20), while that difference is up 8.36% for SMA50 and it goes to -1.51% lower than SMA200.
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Old Dominion Freight Line, Inc. (NASDAQ: ODFL) currently have 217.93M outstanding shares and institutions hold larger chunk of about 73.90% of that.
The stock has a current market capitalization of $42.29B and its 3Y-monthly beta is at 1.01. PE ratio of stock for trailing 12 months is 34.27, while it has posted earnings per share of $5.68 in the same period. Its PEG reads 2.76 and has Quick Ratio of 2.29 while making debt-to-equity ratio of 0.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ODFL, volatility over the week remained 3.99% while standing at 2.92% over the month.
Stock’s fiscal year EPS is expected to rise by 2.85% while it is estimated to increase by 16.93% in next year. EPS is likely to shrink at an annualized rate of 12.40% for next 5-years, compared to annual growth of 17.99% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Evercore ISI on June 25, 2024 offering an In-line rating for the stock and assigned a target price range of between $225 and $196 to it. Coverage by Wells Fargo stated Old Dominion Freight Line, Inc. (ODFL) stock as an Underweight in their note to investors on June 07, 2024, suggesting a price target of $175 for the stock. On June 05, 2024, BMO Capital Markets Initiated their recommendations, while on May 08, 2024, Robert W. Baird Upgrade their ratings for the stock with a price target of $205. Stock get a Hold rating from Vertical Research on April 29, 2024.
