Old Dominion Freight Line (ODFL) has encountered a variety of responses from the market in recent times. Its
stock price target has been lowered to
$210.00 at Barclays and $176.00 at Stifel Nicolaus, while Jefferies Financial Group increased the price target to $190.00. There's substantial interest from institutional investors, including Avanza Fonder AB's investment of
$3.74 million and Gateway Investment Advisers LLC's $14.36 million stake.
ODFL is often recognized as a top trucking stock choice, despite some opinions classifying it as risky.
Furthermore, the firm announced its
Q4 and Full-Year 2024 Earnings Release for February 5, and a 4.9% rate increase for 2024, citing rising costs. Achievements include a
28% CAGR over five years and recognition as the #1 National LTL Carrier for Quality by Mastio & Company for 15 consecutive years. Despite these, some caution is advised due to signs of weak industrial demand and slightly lower Q3 revenues. Notwithstanding, ODFL still impresses with a robust
78% institutional ownership.
Old Dominion Freight Line ODFL News Analytics from Wed, 24 Apr 2024 07:00:00 GMT to Sat, 18 Jan 2025 15:55:57 GMT -
Rating 3
- Innovation 2
- Information 8
- Rumor 4
