Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) had its price objective lowered by research analysts at Susquehanna from $210.00 to $171.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the transportation company's stock. Susquehanna's price objective would suggest a potential upside of 11.74% from the stock's current price.
A number of other research analysts also recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Old Dominion Freight Line from $185.00 to $160.00 and set an "underweight" rating on the stock in a research report on Thursday, March 27th. Truist Financial started coverage on Old Dominion Freight Line in a research note on Thursday, March 13th. They set a "buy" rating and a $220.00 target price for the company. Barclays dropped their price target on shares of Old Dominion Freight Line from $210.00 to $195.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th. Evercore ISI raised their target price on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an "in-line" rating in a report on Thursday, February 6th. Finally, Bank of America cut their price objective on Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $199.70.
Check Out Our Latest Analysis on ODFL
Old Dominion Freight Line Trading Down 1.7 %
Shares of ODFL stock traded down $2.71 during mid-day trading on Monday, reaching $153.04. The company's stock had a trading volume of 1,418,154 shares, compared to its average volume of 1,632,478. The company's 50 day simple moving average is $180.59 and its 200-day simple moving average is $192.81. The firm has a market capitalization of $32.53 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. Old Dominion Freight Line has a 12-month low of $147.16 and a 12-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.
Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, beating 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%. On average, research analysts predict that Old Dominion Freight Line will post 5.68 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its stake in shares of Old Dominion Freight Line by 62.7% during the third quarter. Public Sector Pension Investment Board now owns 7,266 shares of the transportation company's stock valued at $1,443,000 after acquiring an additional 2,800 shares during the period. Hantz Financial Services Inc. raised its holdings in Old Dominion Freight Line by 3.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,513 shares of the transportation company's stock worth $301,000 after purchasing an additional 56 shares during the last quarter. Captrust Financial Advisors lifted its position in Old Dominion Freight Line by 1.7% during the 3rd quarter. Captrust Financial Advisors now owns 7,502 shares of the transportation company's stock valued at $1,490,000 after purchasing an additional 124 shares during the period. Wasatch Advisors LP boosted its stake in shares of Old Dominion Freight Line by 12.0% in the 3rd quarter. Wasatch Advisors LP now owns 6,885 shares of the transportation company's stock valued at $1,368,000 after purchasing an additional 740 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in shares of Old Dominion Freight Line during the 3rd quarter worth approximately $4,402,000. 77.82% of the stock is currently owned by institutional investors.
Old Dominion Freight Line Company Profile
(
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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