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

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Saturday.

A number of other research firms have also issued reports on ODFL. Jefferies Financial Group upped their target price on shares of Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a "hold" rating in a report on Friday, January 10th. Robert W. Baird dropped their target price 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. Barclays reduced their price target on Old Dominion Freight Line from $220.00 to $210.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Citigroup raised their price objective on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 12th. Finally, BMO Capital Markets cut their price target on shares of Old Dominion Freight Line from $210.00 to $205.00 and set a "market perform" rating for the company in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $203.33.

Old Dominion Freight Line Price Performance

Shares of NASDAQ:ODFL traded down $4.18 during midday trading on Friday, reaching $205.11. 1,284,875 shares of the company's stock traded hands, compared to its average volume of 1,520,439. The company has a fifty day simple moving average of $189.48 and a two-hundred day simple moving average of $197.86. Old Dominion Freight Line has a 1 year low of $165.49 and a 1 year high of $233.26. The company has a market cap of $43.79 billion, a P/E ratio of 37.43, a PEG ratio of 3.03 and a beta of 1.05. 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 released its earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS 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 analysts predict that Old Dominion Freight Line will post 5.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Old Dominion Freight Line

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SevenBridge Financial Group LLC lifted its stake in Old Dominion Freight Line by 2.0% in the third quarter. SevenBridge Financial Group LLC now owns 2,611 shares of the transportation company's stock worth $519,000 after acquiring an additional 50 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Old Dominion Freight Line by 0.5% during the third quarter. Advisors Asset Management Inc. now owns 10,888 shares of the transportation company's stock worth $2,163,000 after purchasing an additional 55 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Old Dominion Freight Line by 3.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company's stock valued at $277,000 after buying an additional 55 shares during the last quarter. D.A. Davidson & CO. raised its stake in Old Dominion Freight Line by 1.9% in the fourth quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company's stock valued at $509,000 after buying an additional 55 shares in the last quarter. Finally, Evergreen Private Wealth LLC lifted its holdings in Old Dominion Freight Line by 0.9% during the 4th quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company's stock worth $1,173,000 after buying an additional 59 shares during the last quarter. 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.