The Latest Breaking News from Old Dominion Freight Line

Old Dominion Freight Line (NASDAQ:ODFL) has outperformed the market over the past 15 years by 18.6% on an annualized basis producing an average annual return of 24.8%. Currently, Old Dominion Freight Line has a market capitalization of $29.05 billion.

Old Dominion Freight Line's (NASDAQ:ODFL) short percent of float has risen 7.87% since its last report. The company recently reported that it has 3.75 million shares sold short, which is 3.84% of all regular shares that are available for trading.

Citigroup has decided to maintain its Neutral rating of Old Dominion Freight Line (NASDAQ:ODFL) and lower its price target from $295.00 to $265.00. Shares of Old Dominion Freight Line are trading up 1.76% over the last 24 hours, at $240.63 per share.

Old Dominion Freight Line (NASDAQ:ODFL) has observed the following analyst ratings within the last quarter:

  Old Dominion Freight Line (NASDAQ:ODFL) reported its Q1 earnings results on Wednesday, April 27, 2022 at 07:00 AM. Here's what investors need to know about the announcement.

Over the past 3 months, 5 analysts have published their opinion on Old Dominion Freight Line (NASDAQ:ODFL) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

If history is any guide, there may be trouble ahead for shares of Old Dominion Freight Line (NASDAQ:ODFL). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Wells Fargo analyst Allison Poliniak-Cusic raised the price target on Old Dominion Freight Line Inc (NASDAQ:ODFL) to $348 (an upside of 12.5%) from $335 and maintained an Equal Weight rating on the shares. The analyst notes that as the best-in-class LTL provider, Q4 results reflected the strength in its growth and execution strategy. Related: Old Dominion Freight…

Within the last quarter, Old Dominion Freight Line (NASDAQ:ODFL) has observed the following analyst ratings: