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TD Cowen Sticks to Its Hold Rating for Old Dominion Freight (ODFL)

Tipranks - Thu Jun 4, 1:32PM CDT

TD Cowen analyst Jason Seidl reiterated a Hold rating on Old Dominion Freight today and set a price target of $233.00.

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Seidl covers the Industrials sector, focusing on stocks such as Knight Transportation, Old Dominion Freight, and CH Robinson. According to TipRanks, Seidl has an average return of 26.4% and a 70.73% success rate on recommended stocks.

In a report released yesterday, Susquehanna also assigned a Hold rating to the stock with a $224.00 price target.

Based on Old Dominion Freight’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.33 billion and a net profit of $238.26 million. In comparison, last year the company earned a revenue of $1.37 billion and had a net profit of $254.66 million

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ODFL in relation to earlier this year. Last month, Greg Gantt, a Director at ODFL sold 22,107.00 shares for a total of $4,233,825.86.

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