Old Dominion Freight Line (ODFL) has seen a mixture of developments as indicated by analyst coverage initiation by
Deutsche Bank Aktiengesellschaft, price target revisions, and significant investment activities. Various investment firms like
Oppenheimer & Co. Inc,
Aigen Investment Management LP,
Charles Schwab Investment Management Inc, and
Versor Investments LP have boosted their positions in the company. Despite the recent downtrend in ODFL's
revenue and freight volumes, certain analysts remain optimistic about the company's potential recovery. February's
revenue per day reported a drop of 5%, and freight volumes fell by 7.1%. However, the stock was upgraded to 'Buy' at
Stifel Nicolaus. Yet, the company's share price took a 9.9% hit and is currently seeing a
decline. Institutional investors such as the
National Pension Service and
Bridges Investment Management Inc have reduced their respective stakes. Despite these fluctuations, long-term returns for investors remain impressive with a 204% return over the last five years. The company's Q1 2025 expectations were updated recently and an average price target of $203.33 has been projected by brokerages.
Old Dominion Freight Line ODFL News Analytics from Wed, 04 Sep 2024 07:00:00 GMT to Sat, 08 Mar 2025 20:21:44 GMT -
Rating -3
- Innovation 0
- Information 7
- Rumor -6
