ODFL

BMO Capital Initiates Coverage of Old Dominion Freight Line (ODFL) with Outperform Recommendation

Fintel reports that on June 5, 2024, BMO Capital initiated coverage of Old Dominion Freight Line (NasdaqGS:ODFL) with a Outperform recommendation.

Analyst Price Forecast Suggests 21.88% Upside

As of June 1, 2024, the average one-year price target for Old Dominion Freight Line is 214.15. The forecasts range from a low of 175.74 to a high of $257.25. The average price target represents an increase of 21.88% from its latest reported closing price of 175.70.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Old Dominion Freight Line is 6,687MM, an increase of 13.65%. The projected annual non-GAAP EPS is 12.78.

What is the Fund Sentiment?

There are 1,799 funds or institutions reporting positions in Old Dominion Freight Line. This is an increase of 21 owner(s) or 1.18% in the last quarter. Average portfolio weight of all funds dedicated to ODFL is 0.32%, an increase of 3.56%. Total shares owned by institutions increased in the last three months by 88.75% to 174,148K shares. ODFL / Old Dominion Freight Line, Inc. Put/Call Ratios The put/call ratio of ODFL is 0.60, indicating a bullish outlook.

What are Other Shareholders Doing?

ODFL / Old Dominion Freight Line, Inc. Shares Held by Institutions

Price T Rowe Associates holds 13,727K shares representing 6.32% ownership of the company. In its prior filing, the firm reported owning 6,325K shares , representing an increase of 53.92%. The firm increased its portfolio allocation in ODFL by 7.11% over the last quarter.

CIBC Private Wealth Group holds 7,364K shares representing 3.39% ownership of the company. In its prior filing, the firm reported owning 2,102K shares , representing an increase of 71.46%. The firm increased its portfolio allocation in ODFL by 73.88% over the last quarter.

Capital Research Global Investors holds 6,593K shares representing 3.03% ownership of the company. In its prior filing, the firm reported owning 4,145K shares , representing an increase of 37.12%. The firm decreased its portfolio allocation in ODFL by 20.87% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,161K shares representing 2.84% ownership of the company. In its prior filing, the firm reported owning 3,086K shares , representing an increase of 49.91%. The firm decreased its portfolio allocation in ODFL by 1.52% over the last quarter.

Bank of New York Mellon holds 5,940K shares representing 2.73% ownership of the company. In its prior filing, the firm reported owning 3,052K shares , representing an increase of 48.62%. The firm decreased its portfolio allocation in ODFL by 88.99% over the last quarter.

Old Dominion Freight Line Background Information
(This description is provided by the company.)

Old Dominion Freight Line, Inc. is a leading, less-than-truckload ('LTL'), union-free motor carrier providing regional, inter-regional and national LTL services through a single integrated organization. Its service offerings, which include expedited transportation, are provided through an expansive network of service centers located throughout the continental United States. Through strategic alliances, the Company also provides LTL services throughout North America. In addition to its core LTL services, the Company offers a range of value-added services including container drayage, truckload brokerage and supply chain consulting.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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