Citi Sticks to Its Hold Rating for Old Dominion Freight (ODFL)
Citi analyst Ariel Rosa maintained a Hold rating on Old Dominion Freight on February 20 and set a price target of $216.00. The company’s shares closed last Friday at $201.39.
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Rosa covers the Industrials sector, focusing on stocks such as XPO, Knight Transportation, and Old Dominion Freight. According to TipRanks, Rosa has an average return of 19.1% and a 77.00% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Old Dominion Freight with a $193.68 average price target, which is a -3.83% downside from current levels. In a report released on February 19, Barclays also maintained a Hold rating on the stock with a $185.00 price target.
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 54 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, Bradley R Gabosch, a Director at ODFL sold 3,134.00 shares for a total of $608,842.18.
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