Old Dominion Freight Line (NASDAQ:ODFL) Given New $160.00 Price Target at Susquehanna

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) had its price objective dropped by analysts at Susquehanna from $168.00 to $160.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the transportation company's stock. Susquehanna's price objective suggests a potential upside of 1.07% from the company's previous close.

Several other equities analysts also recently issued reports on ODFL. UBS Group cut their price objective on shares of Old Dominion Freight Line from $196.00 to $158.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Benchmark restated a "hold" rating and set a $102.00 price target on shares of Old Dominion Freight Line in a research report on Thursday, June 12th. Evercore ISI cut their price objective on Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. Citigroup upgraded Old Dominion Freight Line from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $186.00 to $183.00 in a report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Old Dominion Freight Line in a research report on Friday, March 7th. They issued a "buy" rating and a $236.00 target price for the company. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $176.10.

Old Dominion Freight Line Trading Up 1.0%

NASDAQ:ODFL traded up $1.64 during midday trading on Wednesday, hitting $158.31. 197,675 shares of the company traded hands, compared to its average volume of 1,632,680. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.01. The firm's fifty day moving average is $159.58 and its 200-day moving average is $174.95. The firm has a market capitalization of $33.45 billion, a P/E ratio of 29.70, a P/E/G ratio of 3.28 and a beta of 1.26. Old Dominion Freight Line has a 12-month low of $144.90 and a 12-month high of $233.26.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. Old Dominion Freight Line had a return on equity of 27.40% and a net margin of 20.04%. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the business posted $1.34 EPS. The firm's quarterly revenue was down 5.8% on a year-over-year basis. On average, sell-side analysts predict that Old Dominion Freight Line will post 5.68 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blueshift Asset Management LLC acquired a new position in Old Dominion Freight Line in the fourth quarter valued at $630,000. Ameriprise Financial Inc. grew its holdings in shares of Old Dominion Freight Line by 2.9% during the fourth quarter. Ameriprise Financial Inc. now owns 1,267,640 shares of the transportation company's stock worth $223,281,000 after buying an additional 35,778 shares during the last quarter. Flossbach Von Storch SE increased its holdings in shares of Old Dominion Freight Line by 119.5% in the fourth quarter. Flossbach Von Storch SE now owns 362,706 shares of the transportation company's stock valued at $63,981,000 after purchasing an additional 197,461 shares during the period. Callan Family Office LLC purchased a new position in Old Dominion Freight Line during the 4th quarter worth $307,000. Finally, one8zero8 LLC purchased a new position in Old Dominion Freight Line during the fourth quarter worth about $431,000. Institutional investors and hedge funds own 77.82% of the company's stock.

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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