Old Dominion Freight Line (NASDAQ:ODFL)‘s stock had its “buy” rating reiterated by Credit Suisse Group in a report released on Wednesday. They presently have a $142.00 price target on the transportation company’s stock, up from their previous price target of $128.00. Credit Suisse Group’s target price would indicate a potential upside of 10.43% from the stock’s current price.

ODFL has been the topic of a number of other reports. Robert W. Baird reiterated a “hold” rating and issued a $113.00 target price on shares of Old Dominion Freight Line in a research note on Friday, October 6th. BidaskClub cut shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Cowen reiterated a “hold” rating and issued a $100.00 target price on shares of Old Dominion Freight Line in a research note on Friday, September 1st. Buckingham Research assumed coverage on shares of Old Dominion Freight Line in a research note on Monday, August 21st. They issued a “neutral” rating and a $105.00 target price on the stock. Finally, KeyCorp reiterated a “buy” rating and issued a $115.00 target price on shares of Old Dominion Freight Line in a research note on Thursday, October 12th. Three 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 stock. The company currently has an average rating of “Hold” and an average target price of $112.00.

Old Dominion Freight Line (NASDAQ ODFL) traded up $1.29 on Wednesday, reaching $128.59. 972,900 shares of the company’s stock were exchanged, compared to its average volume of 476,658. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $10,486.46, a PE ratio of 31.35, a price-to-earnings-growth ratio of 1.86 and a beta of 1.20. Old Dominion Freight Line has a 52-week low of $80.56 and a 52-week high of $130.71.

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

Several hedge funds have recently made changes to their positions in ODFL. Russell Investments Group Ltd. lifted its stake in shares of Old Dominion Freight Line by 229.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 167,617 shares of the transportation company’s stock valued at $15,965,000 after buying an additional 116,777 shares in the last quarter. Strs Ohio purchased a new stake in shares of Old Dominion Freight Line during the 2nd quarter valued at approximately $2,381,000. Janney Montgomery Scott LLC purchased a new stake in shares of Old Dominion Freight Line during the 2nd quarter valued at approximately $975,000. World Asset Management Inc lifted its stake in shares of Old Dominion Freight Line by 4.6% during the 2nd quarter. World Asset Management Inc now owns 4,853 shares of the transportation company’s stock valued at $462,000 after buying an additional 212 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Old Dominion Freight Line by 12.9% during the 2nd quarter. IFP Advisors Inc now owns 2,077 shares of the transportation company’s stock valued at $198,000 after buying an additional 238 shares in the last quarter. 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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