Old Dominion Freight Line’s (ODFL) “Hold” Rating Reiterated at Robert W. Baird

Old Dominion Freight Line (NASDAQ:ODFL)‘s stock had its “hold” rating reissued by equities research analysts at Robert W. Baird in a report issued on Tuesday. They currently have a $145.00 target price on the transportation company’s stock. Robert W. Baird’s target price points to a potential upside of 1.47% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Buckingham Research raised their target price on Old Dominion Freight Line from $144.00 to $153.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Cowen restated a “market perform” rating and issued a $136.00 target price (up previously from $113.00) on shares of Old Dominion Freight Line in a research note on Thursday, February 8th. Stifel Nicolaus restated a “buy” rating and issued a $117.00 target price (up previously from $111.00) on shares of Old Dominion Freight Line in a research note on Wednesday, December 13th. ValuEngine upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. Finally, Goldman Sachs assumed coverage on Old Dominion Freight Line in a research note on Tuesday. They issued a “neutral” rating and a $144.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Old Dominion Freight Line presently has a consensus rating of “Hold” and a consensus price target of $133.15.

Shares of ODFL stock opened at $142.90 on Tuesday. The company has a market capitalization of $11,546.43, a PE ratio of 32.78, a price-to-earnings-growth ratio of 0.98 and a beta of 1.18. Old Dominion Freight Line has a fifty-two week low of $80.56 and a fifty-two week high of $152.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.67 and a current ratio of 1.67.



Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Thursday, February 8th. The transportation company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.01. The firm had revenue of $891.12 million for the quarter, compared to analyst estimates of $879.00 million. Old Dominion Freight Line had a return on equity of 17.37% and a net margin of 13.81%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company earned $0.83 EPS. research analysts forecast that Old Dominion Freight Line will post 6.26 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in Old Dominion Freight Line by 12.5% during the fourth quarter. BlackRock Inc. now owns 5,999,272 shares of the transportation company’s stock valued at $789,203,000 after buying an additional 667,711 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Old Dominion Freight Line by 7.0% during the fourth quarter. Bank of New York Mellon Corp now owns 796,922 shares of the transportation company’s stock valued at $104,836,000 after buying an additional 52,019 shares during the last quarter. Geode Capital Management LLC raised its stake in Old Dominion Freight Line by 12.3% during the fourth quarter. Geode Capital Management LLC now owns 661,330 shares of the transportation company’s stock valued at $86,957,000 after buying an additional 72,343 shares during the last quarter. Wells Fargo & Company MN raised its stake in Old Dominion Freight Line by 1.1% during the fourth quarter. Wells Fargo & Company MN now owns 572,939 shares of the transportation company’s stock valued at $75,369,000 after buying an additional 6,453 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its stake in Old Dominion Freight Line by 10.1% during the fourth quarter. Eagle Asset Management Inc. now owns 329,159 shares of the transportation company’s stock valued at $43,627,000 after buying an additional 30,210 shares during the last quarter. Institutional investors and hedge funds own 76.39% of the company’s stock.

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Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America.

Analyst Recommendations for Old Dominion Freight Line (NASDAQ:ODFL)

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