Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) had its price target increased by equities researchers at Wells Fargo & Company from $150.00 to $160.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "underweight" rating on the transportation company's stock. Wells Fargo & Company's price target points to a potential downside of 2.62% from the stock's current price.
Several other analysts have also recently issued reports on the company. UBS Group reduced their price objective on Old Dominion Freight Line from $196.00 to $158.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group upgraded Old Dominion Freight Line from a "neutral" rating to a "buy" rating and raised their price target for the company from $190.00 to $200.00 in a research note on Monday, June 2nd. Susquehanna cut their price target on Old Dominion Freight Line from $168.00 to $160.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 18th. Stifel Nicolaus cut their price target 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, Wall Street Zen upgraded 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 given a buy rating to the stock. Based on data from MarketBeat, Old Dominion Freight Line presently has an average rating of "Hold" and a consensus price target of $175.05.
Check Out Our Latest Research Report on ODFL
Old Dominion Freight Line Stock Down 3.9%
Shares of NASDAQ ODFL traded down $6.72 during mid-day trading on Monday, hitting $164.31. The company had a trading volume of 1,496,901 shares, compared to its average volume of 1,653,770. The company has a market capitalization of $34.72 billion, a PE ratio of 30.83, a price-to-earnings-growth ratio of 3.53 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.32 and a quick ratio of 1.32. Old Dominion Freight Line has a 1-year low of $144.90 and a 1-year high of $233.26. The business's 50-day simple moving average is $162.31 and its 200 day simple moving average is $170.91.
Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.38 billion. Old Dominion Freight Line had a return on equity of 27.40% and a net margin of 20.04%. The company's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the firm earned $1.34 earnings per share. On average, analysts predict that Old Dominion Freight Line will post 5.68 earnings per share for the current year.
Hedge Funds Weigh In On Old Dominion Freight Line
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lido Advisors LLC lifted its position in Old Dominion Freight Line by 3.2% in the fourth quarter. Lido Advisors LLC now owns 1,929 shares of the transportation company's stock valued at $340,000 after purchasing an additional 59 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in Old Dominion Freight Line by 5.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,169 shares of the transportation company's stock valued at $206,000 after purchasing an additional 61 shares during the period. Integrated Wealth Concepts LLC lifted its position in Old Dominion Freight Line by 1.4% in the fourth quarter. Integrated Wealth Concepts LLC now owns 4,531 shares of the transportation company's stock valued at $799,000 after purchasing an additional 63 shares during the period. Benjamin Edwards Inc. lifted its position in Old Dominion Freight Line by 3.0% in the fourth quarter. Benjamin Edwards Inc. now owns 2,297 shares of the transportation company's stock valued at $405,000 after purchasing an additional 67 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its position in Old Dominion Freight Line by 4.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,617 shares of the transportation company's stock valued at $268,000 after purchasing an additional 71 shares during the period. Hedge funds and other institutional investors 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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