Old Dominion Freight Line, Inc. (NASDAQ:ODFL)‘s stock had its “buy” rating restated by KeyCorp in a note issued to investors on Thursday. They currently have a $115.00 price objective on the transportation company’s stock. KeyCorp’s price objective suggests a potential upside of 5.11% from the company’s current price.

Several other analysts also recently weighed in on the company. Credit Suisse Group reiterated an “outperform” rating and issued a $119.00 price objective (up previously from $110.00) on shares of Old Dominion Freight Line in a research report on Thursday. They noted that the move was a valuation call. Bank of America Corporation downgraded Old Dominion Freight Line from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $105.00 to $102.00 in a research report on Tuesday. They noted that the move was a valuation call. Robert W. Baird reiterated a “hold” rating and issued a $113.00 price objective on shares of Old Dominion Freight Line in a research report on Friday, October 6th. Morgan Stanley boosted their price objective on Old Dominion Freight Line from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, October 5th. Finally, Zacks Investment Research upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $103.75.

Old Dominion Freight Line (ODFL) traded up 0.92% on Thursday, hitting $109.41. The stock had a trading volume of 678,732 shares. Old Dominion Freight Line has a 1-year low of $68.82 and a 1-year high of $110.45. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 28.34 and a beta of 1.09. The company has a 50-day moving average price of $103.31 and a 200-day moving average price of $94.25.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Thursday, July 27th. The transportation company reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.09. Old Dominion Freight Line had a return on equity of 16.87% and a net margin of 10.19%. The company had revenue of $839.90 million during the quarter, compared to the consensus estimate of $824.68 million. During the same quarter in the previous year, the company posted $0.98 EPS. Old Dominion Freight Line’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities analysts predict that Old Dominion Freight Line will post $4.15 earnings per share for the current year.

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In other news, Vice Chairman David S. Congdon sold 575 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $97.83, for a total transaction of $56,252.25. Following the transaction, the insider now directly owns 9,516 shares of the company’s stock, valued at $930,950.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 12.00% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of ODFL. BlackRock Inc. increased its stake in shares of Old Dominion Freight Line by 11,389.2% during 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 period. Janus Henderson Group PLC purchased a new position in shares of Old Dominion Freight Line during the second quarter valued at approximately $266,855,000. William Blair Investment Management LLC increased its stake in shares of Old Dominion Freight Line by 7.9% during 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 period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Old Dominion Freight Line by 8.1% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,099,932 shares of the transportation company’s stock valued at $199,998,000 after buying an additional 157,362 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Old Dominion Freight Line by 8.5% during the second quarter. JPMorgan Chase & Co. now owns 1,923,369 shares of the transportation company’s stock valued at $183,182,000 after buying an additional 151,407 shares during the period. 73.84% of the stock is currently owned by hedge funds and other institutional investors.

Old Dominion Freight Line Company Profile

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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