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Old Dominion Freight (ODFL) Gets a Buy from BMO Capital

Tipranks - Fri Jun 5, 7:40AM CDT

In a report released today, Fadi Chamoun from BMO Capital maintained a Buy rating on Old Dominion Freight, with a price target of $230.00.

Claim 55% Off TipRanks

According to TipRanks, Chamoun is a 5-star analyst with an average return of 18.0% and a 67.54% success rate. Chamoun covers the Industrials sector, focusing on stocks such as Old Dominion Freight, CAE, and Canadian National Railway.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Old Dominion Freight with a $221.47 average 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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