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Equities researchers at Robert W. Baird increased their price objective on shares of Old Dominion Freight Line (NASDAQ:ODFL) from $67.00 to $68.00 in a research report issued on Tuesday. Robert W. Baird’s price target points to a potential upside of 8.38% from the company’s current price.

Shares of Old Dominion Freight Line (NASDAQ:ODFL) traded down 1.06% on Tuesday, hitting $62.74. The stock had a trading volume of 445,852 shares. Old Dominion Freight Line has a 52-week low of $42.44 and a 52-week high of $65.35. The stock’s 50-day moving average is $63.38 and its 200-day moving average is $57.47. The company has a market cap of $5.406 billion and a P/E ratio of 25.88.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results 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. On average, analysts predict that Old Dominion Freight Line will post $2.85 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Old Dominion Freight Line from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $67.70 price target on the stock. Separately, analysts at Deutsche Bank downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Monday. They now have a $68.00 price target on the stock, up previously from $67.00. Finally, analysts at Deutsche Bank raised their price target on shares of Old Dominion Freight Line from $65.00 to $67.00 in a research note on Wednesday, May 28th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Old Dominion Freight Line currently has a consensus rating of “Buy” and a consensus price target of $56.63.

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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