Old Dominion Freight Line Inc. Hits New 52-Week High at $46.00 (ODFL)
Shares of Old Dominion Freight Line (NASDAQ:ODFL) hit a new 52-week high during trading on Tuesday, Stock Ratings Network reports. The stock traded as high as $46.00 and last traded at $46.00, with a volume of 212,176 shares traded. The stock had previously closed at $44.95.
A number of analysts have recently weighed in on ODFL shares. Analysts at RBC Capital upgraded shares of Old Dominion Freight Line (NASDAQ:ODFL) from a “sector perform” rating to an “outperform” rating in a research note to investors on Tuesday, August 6th. They now have a $44.00 price target on the stock, down previously from $53.00. Separately, analysts at Wunderlich raised their price target on shares of Old Dominion Freight Line (NASDAQ:ODFL) from $38.00 to $40.00 in a research note to investors on Monday, July 29th. Finally, analysts at Morgan Stanley raised their price target on shares of Old Dominion Freight Line (NASDAQ:ODFL) from $45.00 to $48.00 in a research note to investors on Monday, July 29th.
Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Old Dominion Freight Line has an average rating of “Buy” and an average price target of $44.33.
Old Dominion Freight Line has a 52-week low of $28.75 and a 52-week high of $46.00. The stock’s 50-day moving average is $44.48 and its 200-day moving average is $41.06. The company has a market cap of $3.963 billion and a P/E ratio of 20.46.
Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.04. The company had revenue of $590.20 million for the quarter, compared to the consensus estimate of $580.10 million. During the same quarter last year, the company posted $0.83 earnings per share. Old Dominion Freight Line’s revenue was up 8.0% compared to the same quarter last year. Analysts expect that Old Dominion Freight Line will post $2.41 EPS for the current fiscal year.
Old Dominion Freight Line, Inc (NASDAQ:ODFL), incorporated on March 22, 1999, is a less-than-truckload (LTL) motor carrier providing regional, inter-regional and national LTL service and logistics services.
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