Old Dominion Freight Line (ODFL) PT Lowered to $154.00

Old Dominion Freight Line (NASDAQ:ODFL) had its target price reduced by equities research analysts at Buckingham Research from $162.00 to $154.00 in a report released on Friday, Stock Target Advisor reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Buckingham Research’s target price indicates a potential upside of 12.76% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. Bank of America increased their price target on Old Dominion Freight Line from $139.00 to $143.00 and gave the stock an “underperform” rating in a research report on Thursday, August 30th. ValuEngine upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. BidaskClub cut Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Stifel Nicolaus reiterated a “hold” rating on shares of Old Dominion Freight Line in a research report on Friday, July 27th. Finally, Morgan Stanley increased their price target on Old Dominion Freight Line from $154.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $146.92.

Shares of Old Dominion Freight Line stock opened at $136.57 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market cap of $13.22 billion, a PE ratio of 31.32, a P/E/G ratio of 0.92 and a beta of 1.18. Old Dominion Freight Line has a twelve month low of $106.20 and a twelve month high of $170.22.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Thursday, July 26th. The transportation company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.17. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Old Dominion Freight Line had a return on equity of 20.31% and a net margin of 15.37%. The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.19 EPS. As a group, research analysts expect that Old Dominion Freight Line will post 6.94 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of ODFL. Financial Architects Inc acquired a new stake in Old Dominion Freight Line in the 2nd quarter valued at approximately $120,000. Signaturefd LLC increased its position in Old Dominion Freight Line by 2,308.6% in the 2nd quarter. Signaturefd LLC now owns 843 shares of the transportation company’s stock valued at $126,000 after acquiring an additional 808 shares during the period. Gradient Investments LLC acquired a new stake in Old Dominion Freight Line in the 3rd quarter valued at approximately $137,000. Qube Research & Technologies Ltd acquired a new stake in Old Dominion Freight Line in the 2nd quarter valued at approximately $145,000. Finally, Captrust Financial Advisors increased its position in Old Dominion Freight Line by 4,831.8% in the 2nd quarter. Captrust Financial Advisors now owns 1,085 shares of the transportation company’s stock valued at $162,000 after acquiring an additional 1,063 shares during the period. Hedge funds and other institutional investors own 72.45% of the company’s stock.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including ground and air expedited transportation, and consumer household pickup and delivery. The company also offers various value-added services comprising container drayage, truckload brokerage, supply chain consulting, and warehousing.

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