Old Dominion Freight Line Downgraded by Deutsche Bank to “Hold” (ODFL)
The analysts wrote, “buy” to “hold.”
A number of other firms have also recently commented on ODFL. Analysts at Cowen and Company raised their price target on shares of Old Dominion Freight Line from $58.00 to $62.00 in a research note on Friday, April 25th. They now have a “market perform” rating on the stock. Analysts at Robert W. Baird raised their price target on shares of Old Dominion Freight Line from $58.00 to $61.00 in a research note on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $52.43.
Old Dominion Freight Line (NASDAQ:ODFL) opened at 64.57 on Monday. Old Dominion Freight Line has a 1-year low of $42.44 and a 1-year high of $65.35. The stock has a 50-day moving average of $63.26 and a 200-day moving average of $57.26. The company has a market cap of $5.564 billion and a price-to-earnings ratio of 26.22.
Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings data on Thursday, April 24th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.02. The company had revenue of $620.30 million for the quarter, compared to the consensus estimate of $596.24 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Analysts expect that Old Dominion Freight Line will post $2.85 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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