Old Dominion Freight Line (NASDAQ:ODFL) had its target price lifted by analysts at KeyCorp from $125.00 to $138.00 in a research note issued on Tuesday. The brokerage presently has an “overweight” rating on the transportation company’s stock. KeyCorp’s price target suggests a potential upside of 8.41% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Cowen restated a “hold” rating and issued a $100.00 price target on shares of Old Dominion Freight Line in a research report on Friday, September 1st. Bank of America downgraded shares of Old Dominion Freight Line from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $105.00 to $102.00 in a research report on Tuesday, October 10th. They noted that the move was a valuation call. Credit Suisse Group restated an “outperform” rating and issued a $119.00 price target (up from $110.00) on shares of Old Dominion Freight Line in a research report on Thursday, October 12th. They noted that the move was a valuation call. Citigroup raised their price target on shares of Old Dominion Freight Line from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, Buckingham Research lifted their price objective on shares of Old Dominion Freight Line from $105.00 to $127.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $110.23.

Old Dominion Freight Line (NASDAQ:ODFL) traded down $0.44 during trading on Tuesday, hitting $127.30. 721,442 shares of the stock were exchanged, compared to its average volume of 474,537. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.44 and a current ratio of 1.44. Old Dominion Freight Line has a one year low of $80.56 and a one year high of $130.71. The company has a market cap of $10,490.00, a P/E ratio of 31.38, a P/E/G ratio of 1.86 and a beta of 1.20.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.08. Old Dominion Freight Line had a net margin of 10.43% and a return on equity of 17.09%. The company had revenue of $872.99 million for the quarter, compared to the consensus estimate of $855.85 million. During the same period last year, the firm posted $1.03 EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. equities analysts expect that Old Dominion Freight Line will post 4.28 EPS for the current year.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Old Dominion Freight Line by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 5,372,428 shares of the transportation company’s stock worth $511,669,000 after buying an additional 54,645 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of Old Dominion Freight Line during the 2nd quarter worth about $266,855,000. William Blair Investment Management LLC raised its position in shares of Old Dominion Freight Line by 7.9% during the 2nd quarter. William Blair Investment Management LLC now owns 2,625,605 shares of the transportation company’s stock worth $250,063,000 after buying an additional 191,911 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Old Dominion Freight Line by 6.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,234,395 shares of the transportation company’s stock worth $246,030,000 after buying an additional 134,463 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Old Dominion Freight Line by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,092,478 shares of the transportation company’s stock worth $227,557,000 after buying an additional 169,109 shares in the last quarter. Hedge funds and other institutional investors own 72.45% of the company’s stock.

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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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