Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Receives Consensus Recommendation of "Hold" from Analysts

Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Get Free Report) has been assigned an average recommendation of "Hold" from the twenty-one ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $183.37.

A number of equities analysts have recently issued reports on ODFL shares. Bank of America dropped their price objective on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Morgan Stanley set a $185.00 target price on Old Dominion Freight Line in a research report on Wednesday, April 2nd. Raymond James set a $185.00 price objective on Old Dominion Freight Line and gave the company an "outperform" rating in a research report on Thursday, April 24th. Stifel Nicolaus cut their target price on Old Dominion Freight Line from $188.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Susquehanna decreased their price target on shares of Old Dominion Freight Line from $171.00 to $168.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th.

Old Dominion Freight Line Stock Performance

Shares of NASDAQ:ODFL opened at $158.28 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $33.58 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 2.89 and a beta of 1.31. The firm's 50 day simple moving average is $159.88 and its 200-day simple moving average is $184.55. Old Dominion Freight Line has a one year low of $144.90 and a one year high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.38 billion. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The business's revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.34 EPS. As a group, equities analysts predict that Old Dominion Freight Line will post 5.68 EPS for the current year.

Institutional Trading of Old Dominion Freight Line

Large investors have recently made changes to their positions in the business. Larson Financial Group LLC boosted its holdings in Old Dominion Freight Line by 234.8% in the first quarter. Larson Financial Group LLC now owns 154 shares of the transportation company's stock valued at $25,000 after purchasing an additional 108 shares during the last quarter. American National Bank & Trust acquired a new stake in Old Dominion Freight Line during the first quarter worth about $30,000. Whipplewood Advisors LLC purchased a new position in Old Dominion Freight Line during the fourth quarter valued at approximately $35,000. Wayfinding Financial LLC acquired a new position in Old Dominion Freight Line in the first quarter valued at approximately $39,000. Finally, Itau Unibanco Holding S.A. boosted its position in Old Dominion Freight Line by 518.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company's stock worth $40,000 after purchasing an additional 192 shares in the last quarter. 77.82% of the stock is owned by hedge funds and other institutional investors.

About Old Dominion Freight Line

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.

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