KeyBanc Believes ODFL Won’t Stop HereBy Jason Carr
KeyBanc analyst Todd Fowler maintained a Buy rating on Old Dominion Freight (NASDAQ: ODFL) today and set a price target of $95. The company’s shares opened today at $87.18, close to its 52-week high of $89.10.
According to TipRanks.com, Fowler is a 5-star analyst with an average return of 15.1% and a 73.2% success rate. Fowler covers the Services sector, focusing on stocks such as Knight Transportation, Quality Distribution, and Universal Logistics.
Old Dominion Freight has an analyst consensus of Moderate Buy, with a price target consensus of $88.33.
Old Dominion Freight’s market cap is currently $7.19B and has a P/E ratio of 24.30. The company has a book value ratio of 4.0063.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. Earlier this month, David Congdon, the Vice Chairman and CEO of ODFL sold 2,400 shares for a total of $207,744.
Old Dominion Freight Line, Inc. engages in the provision of less-than-truckload services, which include 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.