Old Dominion Freight Line, Inc. (NASDAQ:ODFL) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday.

ODFL has been the topic of several other reports. Zacks Investment Research raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Tuesday, July 11th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $109.00 price target (up from $101.00) on shares of Old Dominion Freight Line in a report on Thursday, July 13th. They noted that the move was a valuation call. Deutsche Bank AG lowered shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating and lowered their price target for the company from $108.00 to $98.00 in a report on Monday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $91.00 price target on shares of Old Dominion Freight Line in a report on Friday, July 14th. Finally, Cowen and Company upped their price target on shares of Old Dominion Freight Line from $88.00 to $92.00 and gave the company a “market perform” rating in a report on Thursday, April 27th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Old Dominion Freight Line has an average rating of “Hold” and an average target price of $97.67.

Old Dominion Freight Line (ODFL) traded down 0.74% during trading on Wednesday, reaching $96.88. The company had a trading volume of 585,957 shares. The firm has a market capitalization of $7.98 billion, a P/E ratio of 25.09 and a beta of 1.08. Old Dominion Freight Line has a 52 week low of $66.33 and a 52 week high of $103.51. The stock has a 50 day moving average price of $97.21 and a 200 day moving average price of $90.67.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.10 by $0.09. Old Dominion Freight Line had a net margin of 10.19% and a return on equity of 16.87%. The company had revenue of $839.90 million for the quarter, compared to analyst estimates of $824.68 million. During the same period in the prior year, the company earned $0.98 earnings per share. The firm’s revenue was up 11.2% on a year-over-year basis. Analysts predict that Old Dominion Freight Line will post $4.14 earnings per share for the current year.

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Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Old Dominion Freight Line by 11,389.2% in the first quarter. BlackRock Inc. now owns 5,400,851 shares of the transportation company’s stock valued at $462,150,000 after buying an additional 5,353,843 shares during the last quarter. Vanguard Group Inc. raised its stake in Old Dominion Freight Line by 1.0% in the second quarter. Vanguard Group Inc. now owns 5,372,428 shares of the transportation company’s stock valued at $511,669,000 after buying an additional 54,645 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in Old Dominion Freight Line during the second quarter valued at about $266,855,000. Janus Capital Management LLC raised its stake in Old Dominion Freight Line by 1.0% in the first quarter. Janus Capital Management LLC now owns 2,789,817 shares of the transportation company’s stock valued at $238,725,000 after buying an additional 27,397 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in Old Dominion Freight Line by 7.9% in the second quarter. William Blair Investment Management LLC now owns 2,625,605 shares of the transportation company’s stock valued at $250,063,000 after buying an additional 191,911 shares during the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.

About Old Dominion Freight Line

Old Dominion Freight Line, Inc is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America.

Analyst Recommendations for Old Dominion Freight Line (NASDAQ:ODFL)

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