Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) had its target price decreased by investment analysts at Raymond James Financial from $180.00 to $165.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the transportation company's stock. Raymond James Financial's price target would indicate a potential upside of 16.32% from the company's current price.
Several other analysts also recently issued reports on the company. Morgan Stanley set a $185.00 price target on Old Dominion Freight Line in a report on Wednesday, April 2nd. Citigroup raised Old Dominion Freight Line from a "neutral" rating to a "buy" rating and cut their target price for the company from $186.00 to $183.00 in a research note on Tuesday, April 8th. Wells Fargo & Company lifted their target price on Old Dominion Freight Line from $150.00 to $160.00 and gave the company an "underweight" rating in a research note on Monday, July 7th. Baird R W raised Old Dominion Freight Line to a "hold" rating in a research note on Tuesday, July 1st. Finally, The Goldman Sachs Group raised Old Dominion Freight Line from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $190.00 to $200.00 in a research note on Monday, June 2nd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $168.38.
Read Our Latest Stock Report on Old Dominion Freight Line
Old Dominion Freight Line Stock Performance
Shares of ODFL traded down $7.40 during mid-day trading on Thursday, hitting $141.85. The stock had a trading volume of 2,653,868 shares, compared to its average volume of 1,744,677. The company has a market cap of $29.98 billion, a PE ratio of 27.71, a PEG ratio of 3.41 and a beta of 1.25. The company's fifty day simple moving average is $162.22 and its two-hundred day simple moving average is $168.73. The company has a quick ratio of 1.32, a current ratio of 1.38 and a debt-to-equity ratio of 0.04. Old Dominion Freight Line has a fifty-two week low of $141.73 and a fifty-two week high of $233.26.
Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.02). The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Old Dominion Freight Line had a return on equity of 25.94% and a net margin of 19.42%. The company's revenue for the quarter was down 6.1% on a year-over-year basis. During the same period last year, the business posted $1.48 EPS. On average, equities analysts expect that Old Dominion Freight Line will post 5.68 earnings per share for the current year.
Institutional Trading of Old Dominion Freight Line
Institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in Old Dominion Freight Line by 234.8% during 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. Rossby Financial LCC acquired a new stake in shares of Old Dominion Freight Line in the second quarter worth about $28,000. American National Bank & Trust acquired a new stake in shares of Old Dominion Freight Line in the first quarter worth about $30,000. Wayfinding Financial LLC acquired a new stake in shares of Old Dominion Freight Line in the first quarter worth about $39,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Old Dominion Freight Line in the first quarter worth about $39,000. Institutional investors and hedge funds own 77.82% of the company's stock.
Old Dominion Freight Line Company Profile
(
Get Free Report)
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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