Old Dominion Freight Line (ODFL) PT Lowered to $149.00

Old Dominion Freight Line (NASDAQ:ODFL) had its price target lowered by Credit Suisse Group from $159.00 to $149.00 in a report released on Friday. The firm currently has an “outperform” rating on the transportation company’s stock. Credit Suisse Group’s price objective indicates a potential upside of 19.78% from the company’s current price.

A number of other equities research analysts also recently commented on the stock. Bank of America increased their price objective on shares of Old Dominion Freight Line from $139.00 to $143.00 and gave the company an “underperform” rating in a research report on Thursday, August 30th. Morgan Stanley increased their price objective on shares of Old Dominion Freight Line from $158.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 9th. ValuEngine raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. BidaskClub downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Finally, Buckingham Research increased their price objective on shares of Old Dominion Freight Line from $155.00 to $162.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $149.08.

Shares of NASDAQ:ODFL opened at $124.39 on Friday. Old Dominion Freight Line has a 52 week low of $116.61 and a 52 week high of $170.22. The company has a current ratio of 1.92, a quick ratio of 1.77 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $10.20 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 0.71 and a beta of 1.18.



Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Thursday, October 25th. The transportation company reported $2.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.97 by $0.15. Old Dominion Freight Line had a net margin of 16.47% and a return on equity of 22.13%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. On average, research analysts forecast that Old Dominion Freight Line will post 7.06 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue grew its position in shares of Old Dominion Freight Line by 50.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,000 shares of the transportation company’s stock valued at $1,191,000 after buying an additional 2,680 shares during the last quarter. Scout Investments Inc. grew its position in shares of Old Dominion Freight Line by 3.8% in the 2nd quarter. Scout Investments Inc. now owns 107,486 shares of the transportation company’s stock valued at $16,011,000 after buying an additional 3,938 shares during the last quarter. Raymond James & Associates grew its position in shares of Old Dominion Freight Line by 2.7% in the 2nd quarter. Raymond James & Associates now owns 91,025 shares of the transportation company’s stock valued at $13,559,000 after buying an additional 2,374 shares during the last quarter. Carillon Tower Advisers Inc. grew its position in shares of Old Dominion Freight Line by 35.0% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 328,396 shares of the transportation company’s stock valued at $48,917,000 after buying an additional 85,156 shares during the last quarter. Finally, Royal London Asset Management Ltd. purchased a new position in shares of Old Dominion Freight Line in the 2nd quarter valued at $13,838,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

About Old Dominion Freight Line

Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including ground and air expedited transportation, and consumer household pickup and delivery. The company also offers various value-added services comprising container drayage, truckload brokerage, supply chain consulting, and warehousing.

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

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