Raymond James analyst Patrick Brown reiterated a Hold rating on Old Dominion Freight (ODFL) today. The company’s shares closed last Friday at $208.40, close to its 52-week high of $213.66.
According to TipRanks.com, Brown is a 5-star analyst with an average return of 18.8% and a 76.8% success rate. Brown covers the Industrial Goods sector, focusing on stocks such as Kansas City Southern, GFL Environmental, and Norfolk Southern.
Currently, the analyst consensus on Old Dominion Freight is a Moderate Buy with an average price target of $214.80.
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Based on Old Dominion Freight’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.06 billion and net profit of $202 million. In comparison, last year the company earned revenue of $1.05 billion and had a net profit of $164 million.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ODFL in relation to earlier this year.
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Old Dominion Freight Line, Inc. engages in the provision of less-than-truckload services. The company involves in the ground and air expedited transportation, and consumer household pickup and delivery. Its services include container drayage, truckload brokerage, supply chain consulting, and warehousing. The company was founded by Earl Congdon Sr. and Lillian Congdon in 1934 and is headquartered in Thomasville, NC.
