Old Dominion Freight Line (NASDAQ:ODFL) Upgraded at StockNews.com

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other equities analysts have also commented on ODFL. Stifel Nicolaus upped their price target on shares of Old Dominion Freight Line from $176.00 to $193.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their price target 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. Robert W. Baird decreased their price objective on Old Dominion Freight Line from $204.00 to $200.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. BMO Capital Markets cut their target price on Old Dominion Freight Line from $210.00 to $205.00 and set a "market perform" rating on the stock in a research note on Thursday, October 24th. Finally, TD Cowen decreased their price target on Old Dominion Freight Line from $203.00 to $196.00 and set a "hold" rating for the company in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $203.33.

Old Dominion Freight Line Stock Performance

ODFL traded up $2.35 on Friday, hitting $208.69. 254,598 shares of the company's stock were exchanged, compared to its average volume of 1,475,048. The firm has a market cap of $44.56 billion, a PE ratio of 38.06, a P/E/G ratio of 5.30 and a beta of 1.05. Old Dominion Freight Line has a twelve month low of $165.49 and a twelve month high of $233.26. The stock has a fifty day moving average of $189.39 and a two-hundred day moving average of $197.76. The company has a current ratio of 1.33, a quick 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 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%. On average, research analysts anticipate that Old Dominion Freight Line will post 5.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Old Dominion Freight Line

A number of institutional investors have recently bought and sold shares of ODFL. Avanza Fonder AB acquired a new position in shares of Old Dominion Freight Line in the fourth quarter worth about $3,741,000. Toronto Dominion Bank boosted its stake in Old Dominion Freight Line by 77.7% in the 3rd quarter. Toronto Dominion Bank now owns 98,061 shares of the transportation company's stock worth $19,479,000 after purchasing an additional 42,880 shares during the period. AustralianSuper Pty Ltd acquired a new position in Old Dominion Freight Line in the 4th quarter worth approximately $128,221,000. Board of the Pension Protection Fund purchased a new position in Old Dominion Freight Line during the 4th quarter worth approximately $600,000. Finally, Sequoia Financial Advisors LLC raised its stake in Old Dominion Freight Line by 20.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,979 shares of the transportation company's stock valued at $1,188,000 after purchasing an additional 1,017 shares during the period. Hedge funds and other 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.