Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) had its price objective lowered by analysts at UBS Group from $196.00 to $158.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. UBS Group's price objective would suggest a potential upside of 3.79% from the company's current price.
ODFL has been the topic of several other reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Old Dominion Freight Line in a report on Friday, March 7th. They issued a "buy" rating and a $236.00 target price on the stock. Barclays decreased their price objective on Old Dominion Freight Line from $195.00 to $185.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Evercore ISI lifted 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 report on Thursday, February 6th. Citigroup raised Old Dominion Freight Line from a "neutral" rating to a "buy" rating and decreased their price target for the company from $186.00 to $183.00 in a research note on Tuesday, April 8th. Finally, StockNews.com downgraded Old Dominion Freight Line from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $195.75.
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Old Dominion Freight Line Price Performance
Shares of NASDAQ:ODFL traded down $4.52 during midday trading on Tuesday, hitting $152.23. The company had a trading volume of 2,640,834 shares, compared to its average volume of 1,676,590. Old Dominion Freight Line has a twelve month low of $145.79 and a twelve month high of $233.26. The stock has a market cap of $32.36 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The business's 50-day simple moving average is $175.40 and its 200-day simple moving average is $190.47.
Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 predict 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 institutional investors and hedge funds have recently modified their holdings of ODFL. Gateway Investment Advisers LLC lifted its holdings in Old Dominion Freight Line by 2.0% during the 1st quarter. Gateway Investment Advisers LLC now owns 82,983 shares of the transportation company's stock worth $13,730,000 after buying an additional 1,595 shares during the last quarter. Impact Capital Partners LLC raised its position in shares of Old Dominion Freight Line by 16.1% during the 1st quarter. Impact Capital Partners LLC now owns 2,566 shares of the transportation company's stock worth $425,000 after acquiring an additional 355 shares in the last quarter. Retireful LLC purchased a new stake in Old Dominion Freight Line during the first quarter worth approximately $339,000. Merit Financial Group LLC boosted its holdings in Old Dominion Freight Line by 23.9% in the first quarter. Merit Financial Group LLC now owns 1,928 shares of the transportation company's stock valued at $319,000 after purchasing an additional 372 shares in the last quarter. Finally, NBC Securities Inc. boosted its holdings in Old Dominion Freight Line by 117,041.2% in the first quarter. NBC Securities Inc. now owns 19,914 shares of the transportation company's stock valued at $3,294,000 after purchasing an additional 19,897 shares in the last quarter. 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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