Citi downgrades Old Dominion Freight (ODFL) to a Sell
Old Dominion Freight received a Sell rating and price target from Citi analyst Ariel Rosa today.
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According to TipRanks, Rosa is a top 100 analyst with an average return of 22.5% and a 77.81% success rate. Rosa covers the Industrials sector, focusing on stocks such as CH Robinson, ArcBest, and XPO.
Currently, the analyst consensus on Old Dominion Freight is a Moderate Buy with an average price target of $226.94.
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.
Read More on ODFL:
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