Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) had its price target boosted by investment analysts at Stifel Nicolaus from $175.00 to $183.00 in a report released on Thursday,Benzinga reports. The firm presently has a "buy" rating on the transportation company's stock. Stifel Nicolaus' price target would indicate a potential upside of 10.68% from the company's previous close.
Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group cut their price target on shares of Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price objective on shares of Old Dominion Freight Line from $158.00 to $146.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. Bank of America upped their price objective on shares of Old Dominion Freight Line from $167.00 to $183.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Barclays dropped their price objective on shares of Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of Old Dominion Freight Line from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $174.85.
View Our Latest Stock Analysis on ODFL
Old Dominion Freight Line Price Performance
ODFL stock traded down $0.65 on Thursday, hitting $165.34. 348,263 shares of the company's stock traded hands, compared to its average volume of 1,785,095. Old Dominion Freight Line has a 1-year low of $144.90 and a 1-year high of $233.26. The stock has a market cap of $34.94 billion, a price-to-earnings ratio of 31.03, a P/E/G ratio of 3.36 and a beta of 1.25. The stock has a fifty day moving average of $163.79 and a 200-day moving average of $169.89. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.01.
Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.05. Old Dominion Freight Line had a net margin of 20.04% and a return on equity of 27.40%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business earned $1.34 earnings per share. The firm's revenue was down 5.8% compared to the same quarter last year. On average, analysts forecast that Old Dominion Freight Line will post 5.68 EPS for the current fiscal year.
Institutional Investors Weigh In On Old Dominion Freight Line
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ODFL. Larson Financial Group LLC boosted its stake in shares of Old Dominion Freight Line by 234.8% in the 1st 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 bought a new position in shares of Old Dominion Freight Line in the 1st quarter valued at about $30,000. Wayfinding Financial LLC bought a new position in shares of Old Dominion Freight Line in the 1st quarter valued at about $39,000. Zions Bancorporation National Association UT bought a new position in shares of Old Dominion Freight Line in the 1st quarter valued at about $39,000. Finally, Itau Unibanco Holding S.A. boosted its stake in shares of 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 valued at $40,000 after purchasing an additional 192 shares during the last quarter. Institutional investors and hedge funds own 77.82% of the company's stock.
About Old Dominion Freight Line
(
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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