Barclays Lowers Old Dominion Freight Line (NASDAQ:ODFL) Price Target to $195.00

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) had its price objective dropped by research analysts at Barclays from $210.00 to $195.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the transportation company's stock. Barclays's price objective indicates a potential upside of 19.65% from the stock's current price.

Other equities research analysts have also recently issued research reports about the company. Susquehanna restated a "neutral" rating and set a $195.00 target price (down previously from $218.00) on shares of Old Dominion Freight Line in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Old Dominion Freight Line in a research report on Friday, March 7th. They set a "buy" rating and a $236.00 price objective for the company. Jefferies Financial Group increased their target price on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the company a "hold" rating in a research report on Friday, January 10th. Morgan Stanley boosted their price target on shares of Old Dominion Freight Line from $165.00 to $170.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Finally, Bank of America decreased their price objective on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $202.65.

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Old Dominion Freight Line Stock Down 0.9 %

Shares of NASDAQ:ODFL traded down $1.56 during trading hours on Monday, reaching $162.98. The stock had a trading volume of 2,044,266 shares, compared to its average volume of 1,558,537. Old Dominion Freight Line has a 1 year low of $159.45 and a 1 year high of $233.26. The firm's 50 day moving average is $186.67 and its 200-day moving average is $195.81. The stock has a market capitalization of $34.64 billion, a price-to-earnings ratio of 29.74, a P/E/G ratio of 2.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. Research analysts predict that Old Dominion Freight Line will post 5.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Old Dominion Freight Line

A number of large investors have recently modified their holdings of the business. Whipplewood Advisors LLC acquired a new position in Old Dominion Freight Line during the fourth quarter worth $35,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Old Dominion Freight Line during the 3rd quarter worth $45,000. Itau Unibanco Holding S.A. boosted its position in shares of Old Dominion Freight Line by 518.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company's stock worth $40,000 after purchasing an additional 192 shares in the last quarter. Synergy Asset Management LLC acquired a new position in shares of Old Dominion Freight Line during the 4th quarter worth $41,000. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Old Dominion Freight Line by 398.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company's stock valued at $53,000 after purchasing an additional 215 shares in the last quarter. 77.82% of the stock is owned by hedge funds and other institutional investors.

About Old Dominion Freight Line

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.