Old Dominion Freight Line's (ODFL) "Overweight" Rating Reiterated at Stephens

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report)'s stock had its "overweight" rating restated by analysts at Stephens in a research report issued on Thursday,Benzinga reports. They currently have a $240.00 price target on the transportation company's stock. Stephens' price target would indicate a potential upside of 18.94% from the company's current price.

ODFL has been the subject of several other research reports. TD Cowen dropped their price objective on shares of 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. Robert W. Baird dropped their price target on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Bank of America cut their price target on 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. JPMorgan Chase & Co. raised their price objective on Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Finally, Argus downgraded Old Dominion Freight Line from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $203.33.

Old Dominion Freight Line Stock Performance

Shares of NASDAQ ODFL traded up $4.58 during trading hours on Thursday, reaching $201.78. 1,970,580 shares of the stock were exchanged, compared to its average volume of 1,481,974. The firm has a market capitalization of $43.08 billion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 5.30 and a beta of 1.05. The stock's fifty day simple moving average is $190.09 and its 200 day simple moving average is $197.75. 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 has a 52 week low of $165.49 and a 52 week high of $233.26.

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, topping 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%. Sell-side analysts predict that Old Dominion Freight Line will post 5.69 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ODFL. Whipplewood Advisors LLC bought a new stake in Old Dominion Freight Line during the 4th quarter worth $35,000. Synergy Asset Management LLC acquired a new stake in shares of Old Dominion Freight Line during the fourth quarter valued at about $41,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Old Dominion Freight Line during the third quarter worth about $45,000. Brown Brothers Harriman & Co. increased its stake in shares of Old Dominion Freight Line by 398.1% in the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company's stock valued at $53,000 after buying an additional 215 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Old Dominion Freight Line by 45.5% in the 4th quarter. Versant Capital Management Inc now owns 352 shares of the transportation company's stock valued at $62,000 after buying an additional 110 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors.

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.