Old Dominion Freight Line (ODFL) continues to prove its stability and growth potential in the trucking industry. Reports indicate that the company's shares are on the rise, with a noticeable gap up to $205.70. This positive momentum can be attributed to solid Q2 earnings report, wherein Old Dominion managed to exceed estimates and report higher year-on-year earnings. Because of these performance figures, a number of analysts have responded by incrementally raising their price targets for the firm. This includes TD Cowen increasing its target to $214.00, as well as a similar move to $215.00 by Robert W. Baird. Meanwhile, Forbes contributor Ken Kam argues that ODFL is a dividend growth stock that just 'keeps on giving.' Its Q2 Earnings call transcript alludes to revenue misses but EPS, showing consistent strength in their financial performance. Several investment firms, such as 1832 Asset Management and UniSuper Management, are boosting their holdings in ODFL, acknowledging the company's strong current standing and future potential.
Old Dominion Freight Line ODFL News Analytics from Thu, 01 Feb 2024 08:00:00 GMT to Sun, 28 Jul 2024 21:52:30 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor 5
