Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) had its price objective decreased by equities research analysts at Raymond James from $215.00 to $190.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the transportation company's stock. Raymond James' price objective points to a potential upside of 24.81% from the stock's current price.
Other research analysts have also issued reports about the company. Stifel Nicolaus raised Old Dominion Freight Line from a "hold" rating to a "buy" rating and raised their price target for the company from $193.00 to $200.00 in a report on Monday, February 24th. Jefferies Financial Group upped their target price on 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. Deutsche Bank Aktiengesellschaft assumed coverage on Old Dominion Freight Line in a research report on Friday, March 7th. They set a "buy" rating and a $236.00 price target on the stock. Evercore ISI raised their target price on Old Dominion Freight Line from $199.00 to $202.00 and gave the company an "in-line" rating in a research note on Thursday, February 6th. Finally, Truist Financial initiated coverage on shares of Old Dominion Freight Line in a research report on Thursday, March 13th. They issued a "buy" rating and a $220.00 price target on the stock. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Old Dominion Freight Line presently has a consensus rating of "Hold" and a consensus target price of $195.75.
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Old Dominion Freight Line Stock Performance
Shares of NASDAQ ODFL traded down $4.52 during mid-day trading on Tuesday, hitting $152.23. The company had a trading volume of 2,640,834 shares, compared to its average volume of 1,676,336. The stock has a market cap of $32.36 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 2.89 and a beta of 1.25. The firm's 50 day simple moving average is $175.40 and its two-hundred day simple moving average is $190.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. Old Dominion Freight Line has a 12 month low of $145.79 and a 12 month high of $233.26.
Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share 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%. As a group, equities research analysts forecast that Old Dominion Freight Line will post 5.68 earnings per share for the current year.
Hedge Funds Weigh In On Old Dominion Freight Line
A number of large investors have recently made changes to their positions in ODFL. American National Bank & Trust purchased a new position in Old Dominion Freight Line during the first quarter valued at approximately $30,000. Whipplewood Advisors LLC acquired a new position in shares of Old Dominion Freight Line in the fourth quarter worth $35,000. Itau Unibanco Holding S.A. raised its holdings in shares of Old Dominion Freight Line by 518.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company's stock worth $40,000 after acquiring an additional 192 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in Old Dominion Freight Line during the fourth quarter valued at $41,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Old Dominion Freight Line in the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 77.82% of the company's stock.
About Old Dominion Freight Line
(
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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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