Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Transportation industry lower today making it today's featured Transportation laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Old Dominion Freight Lines fell $0.93 (-1.7%) to $52.80 on average volume. Throughout the day, 594,647 shares of Old Dominion Freight Lines exchanged hands as compared to its average daily volume of 717,800 shares. The stock ranged in price between $52.62-$53.97 after having opened the day at $53.81 as compared to the previous trading day's close of $53.73. Other companies within the Transportation industry that declined today were:
), down 5.9%,
), down 5.0%,
), down 5.0% and
), down 2.8%.
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Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier primarily in the United States and North America. It provides regional, inter-regional, and national LTL services. Old Dominion Freight Lines has a market cap of $4.6 billion and is part of the services sector. Shares are down 0.1% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Old Dominion Freight Lines a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Old Dominion Freight Lines
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Old Dominion Freight Lines Ratings Report.
On the positive front,
), up 14.9%,
), up 12.4%,
), up 10.5% and
), up 8.7% , were all gainers within the transportation industry with
) being today's featured transportation industry leader.
- Use our transportation section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider
) while those bearish on the transportation industry could consider
- Find other investment ideas from our top rated ETFs lists.