Evercore ISI Raises Old Dominion Freight Line (NASDAQ:ODFL) Price Target to $202.00

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) had its price objective hoisted by Evercore ISI from $199.00 to $202.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an "in-line" rating on the transportation company's stock. Evercore ISI's price objective would suggest a potential upside of 0.11% from the stock's previous close.

ODFL has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their price objective on Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Susquehanna reiterated a "neutral" rating and issued a $195.00 price target (down previously from $218.00) on shares of Old Dominion Freight Line in a report on Tuesday, January 7th. Stifel Nicolaus upped their price objective on shares of Old Dominion Freight Line from $176.00 to $193.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. The Goldman Sachs Group lifted their target price on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Finally, Robert W. Baird decreased their price target on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $203.33.

Old Dominion Freight Line Trading Up 2.3 %

ODFL traded up $4.58 during trading on Thursday, hitting $201.78. 1,970,580 shares of the stock traded hands, compared to its average volume of 1,481,974. The firm has a market capitalization of $43.08 billion, a P/E ratio of 36.82, a price-to-earnings-growth ratio of 5.30 and a beta of 1.05. Old Dominion Freight Line has a 12-month low of $165.49 and a 12-month high of $233.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a 50-day moving average of $190.09 and a 200 day moving average of $197.75.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. Equities research analysts anticipate that Old Dominion Freight Line will post 5.69 EPS for the current year.

Hedge Funds Weigh In On Old Dominion Freight Line

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Whipplewood Advisors LLC purchased a new position in shares of Old Dominion Freight Line during the fourth quarter valued at approximately $35,000. RPg Family Wealth Advisory LLC bought a new stake in Old Dominion Freight Line in the 3rd quarter worth approximately $45,000. Synergy Asset Management LLC purchased a new stake in Old Dominion Freight Line during the 4th quarter valued at $41,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Old Dominion Freight Line by 398.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company's stock valued at $53,000 after buying an additional 215 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Old Dominion Freight Line in the 3rd quarter worth $64,000. Institutional investors own 77.82% of the company's stock.

Old Dominion Freight Line Company Profile

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.