Old Dominion Freight Line Inc. Sets New 1-Year High at $47.73 (ODFL)
Old Dominion Freight Line (NASDAQ:ODFL) set a new 52-week high during trading hours on Thursday, AR Network reports. The company traded as high as $47.73 and last traded at $47.64, with a volume of 170,632 shares. The stock had previously closed at $47.57.
ODFL has been the subject of a number of recent research reports. Analysts at RBC Capital upgraded shares of Old Dominion Freight Line 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 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 from $45.00 to $48.00 in a research note to investors on Monday, July 29th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the 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 1-year low of $29.77 and a 1-year high of $48.02. The stock has a 50-day moving average of $45.86 and a 200-day moving average of $42.82. The company has a market cap of $4.132 billion and a P/E ratio of 21.65.
Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings data on Thursday, July 25th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts expect that Old Dominion Freight Line will post $2.42 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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