Old Dominion Freight Line (NASDAQ:ODFL) PT Lowered to $205.00

Old Dominion Freight Line (NASDAQ:ODFL) had its price target reduced by equities research analysts at Bank of America from $223.00 to $205.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Bank of America‘s target price indicates a potential upside of 12.38% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Evercore ISI lowered their target price on Old Dominion Freight Line from $241.00 to $225.00 and set an “outperform” rating on the stock in a research note on Thursday. UBS Group lifted their target price on Old Dominion Freight Line from $202.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday. Stifel Nicolaus lifted their target price on Old Dominion Freight Line from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Barclays lowered their target price on Old Dominion Freight Line to $210.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 4th. Finally, The Goldman Sachs Group lifted their price target on Old Dominion Freight Line from $200.00 to $222.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $210.97.

Old Dominion Freight Line Trading Down 7.2 %

ODFL opened at $182.42 on Thursday. The firm has a market cap of $39.71 billion, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 3.07 and a beta of 1.02. Old Dominion Freight Line has a 52 week low of $147.90 and a 52 week high of $227.80. The business’s 50 day moving average is $220.06 and its two-hundred day moving average is $206.41. The company has a quick ratio of 2.10, a current ratio of 2.29 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.33 by $0.01. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. Old Dominion Freight Line had a return on equity of 30.12% and a net margin of 21.19%. On average, research analysts predict that Old Dominion Freight Line will post 6.16 EPS for the current year.

Insider Transactions at Old Dominion Freight Line

In other news, Director John D. Kasarda sold 15,944 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $221.08, for a total value of $3,524,819.80. Following the completion of the transaction, the director now directly owns 13,540 shares of the company’s stock, valued at $2,993,355.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Old Dominion Freight Line

Institutional investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC acquired a new position in Old Dominion Freight Line in the fourth quarter valued at $27,000. Trust Co. of Vermont acquired a new position in Old Dominion Freight Line in the fourth quarter valued at $27,000. Farmers & Merchants Investments Inc. increased its stake in Old Dominion Freight Line by 100.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 124 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 62 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in Old Dominion Freight Line in the fourth quarter valued at $29,000. Finally, Headinvest LLC acquired a new position in Old Dominion Freight Line in the third quarter valued at $30,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.

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.