Analysts Set Old Dominion Freight Line, Inc. (NASDAQ:ODFL) PT at $202.44

Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Get Free Report) have been assigned an average recommendation of "Hold" from the twenty-one analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $202.44.

A number of brokerages have recently issued reports on ODFL. TD Cowen cut their target price on shares of Old Dominion Freight Line from $203.00 to $196.00 and set a "hold" rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on Old Dominion Freight Line from $186.00 to $205.00 and gave the company a "neutral" rating in a report on Friday, December 6th. BMO Capital Markets lowered their target price on shares of Old Dominion Freight Line from $210.00 to $205.00 and set a "market perform" rating for the company in a research note on Thursday, October 24th. Jefferies Financial Group raised their price target on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a "hold" rating in a research report on Friday, January 10th. Finally, Evercore ISI cut their target price on shares of Old Dominion Freight Line from $199.00 to $188.00 and set an "in-line" rating on the stock in a report on Thursday, October 3rd.

Insiders Place Their Bets

In other Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $225.44, for a total value of $676,320.00. Following the completion of the transaction, the director now directly owns 7,383 shares in the company, valued at $1,664,423.52. This trade represents a 28.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 9.90% of the stock is currently owned by company insiders.

Institutional Trading of Old Dominion Freight Line

Hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP lifted its position in shares of Old Dominion Freight Line by 109.5% in the third quarter. Wellington Management Group LLP now owns 1,435,228 shares of the transportation company's stock worth $285,094,000 after purchasing an additional 750,073 shares in the last quarter. AustralianSuper Pty Ltd acquired a new position in shares of Old Dominion Freight Line in the fourth quarter worth $128,221,000. International Assets Investment Management LLC boosted its position in Old Dominion Freight Line by 19,764.0% during the third quarter. International Assets Investment Management LLC now owns 685,308 shares of the transportation company's stock valued at $136,130,000 after purchasing an additional 681,858 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Old Dominion Freight Line by 74.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,022,812 shares of the transportation company's stock valued at $207,068,000 after buying an additional 437,700 shares in the last quarter. Finally, State Street Corp grew its position in Old Dominion Freight Line by 3.8% in the third quarter. State Street Corp now owns 7,633,531 shares of the transportation company's stock worth $1,516,324,000 after acquiring an additional 279,946 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company's stock.

Old Dominion Freight Line Stock Up 0.5 %

Shares of ODFL traded up $0.94 during trading on Thursday, reaching $186.78. The company's stock had a trading volume of 1,587,915 shares, compared to its average volume of 1,333,816. Old Dominion Freight Line has a twelve month low of $165.49 and a twelve month high of $233.26. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The company has a market cap of $39.88 billion, a price-to-earnings ratio of 32.65, a P/E/G ratio of 5.03 and a beta of 1.05. The company has a fifty day moving average of $194.87 and a two-hundred day moving average of $198.10.

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.