Barclays Sticks to Their Hold Rating for Old Dominion Freight (ODFL)
In a report released today, Eric Morgan from Barclays maintained a Hold rating on Old Dominion Freight, with a price target of $185.00.
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Morgan covers the Industrials sector, focusing on stocks such as XPO, Old Dominion Freight, and Saia. According to TipRanks, Morgan has an average return of 18.9% and a 59.46% success rate on recommended stocks.
In addition to Barclays, Old Dominion Freight also received a Hold from Susquehanna’s Bascome Majors in a report issued on February 11. However, on February 12, Argus Research upgraded Old Dominion Freight (NASDAQ: ODFL) to a Buy.
Based on Old Dominion Freight’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.41 billion and a net profit of $270.95 million. In comparison, last year the company earned a revenue of $1.47 billion and had a net profit of $308.58 million
Based on the recent corporate insider activity of 53 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. Earlier this month, Greg Gantt, a Director at ODFL sold 12,024.00 shares for a total of $2,361,874.32.
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