Old Dominion Freight Line (NASDAQ:ODFL)‘s stock had its “buy” rating reissued by stock analysts at Seaport Global Securities in a report released on Tuesday. Seaport Global Securities also issued estimates for Old Dominion Freight Line’s Q4 2017 earnings at $1.09 EPS, FY2017 earnings at $4.32 EPS, Q1 2018 earnings at $1.00 EPS, Q2 2018 earnings at $1.38 EPS, Q3 2018 earnings at $1.39 EPS, Q4 2018 earnings at $1.23 EPS, FY2018 earnings at $5.00 EPS, Q1 2019 earnings at $1.15 EPS, Q2 2019 earnings at $1.58 EPS, Q3 2019 earnings at $1.61 EPS and FY2019 earnings at $5.75 EPS.

Several other analysts also recently weighed in on ODFL. Credit Suisse Group restated a “buy” rating and set a $142.00 price objective (up from $128.00) on shares of Old Dominion Freight Line in a research report on Wednesday. ValuEngine downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. KeyCorp increased their target price on Old Dominion Freight Line from $125.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday. Deutsche Bank downgraded Old Dominion Freight Line from a “hold” rating to a “sell” rating and dropped their target price for the company from $119.00 to $101.00 in a research report on Monday. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $111.00 target price on shares of Old Dominion Freight Line in a research report on Thursday, October 26th. Three 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 presently has an average rating of “Hold” and an average target price of $112.00.

Shares of Old Dominion Freight Line (NASDAQ:ODFL) opened at $129.63 on Tuesday. The firm has a market capitalization of $10,592.72, a price-to-earnings ratio of 31.67, a PEG ratio of 1.88 and a beta of 1.20. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.02. Old Dominion Freight Line has a 1 year low of $80.56 and a 1 year high of $130.71.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.08. Old Dominion Freight Line had a return on equity of 17.09% and a net margin of 10.43%. The business had revenue of $872.99 million during the quarter, compared to the consensus estimate of $855.85 million. During the same period in the prior year, the company earned $1.03 EPS. Old Dominion Freight Line’s revenue for the quarter was up 11.5% on a year-over-year basis. sell-side analysts anticipate that Old Dominion Freight Line will post 4.3 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. M&T Bank Corp grew its stake in Old Dominion Freight Line by 0.3% during the first quarter. M&T Bank Corp now owns 5,284 shares of the transportation company’s stock worth $453,000 after purchasing an additional 14 shares during the period. Fisher Asset Management LLC boosted its holdings in Old Dominion Freight Line by 0.5% in the second quarter. Fisher Asset Management LLC now owns 7,053 shares of the transportation company’s stock worth $444,000 after acquiring an additional 33 shares in the last quarter. IFP Advisors Inc boosted its holdings in Old Dominion Freight Line by 1.9% in the first quarter. IFP Advisors Inc now owns 1,839 shares of the transportation company’s stock worth $157,000 after acquiring an additional 34 shares in the last quarter. Pier Capital LLC boosted its holdings in Old Dominion Freight Line by 0.6% in the first quarter. Pier Capital LLC now owns 5,959 shares of the transportation company’s stock worth $510,000 after acquiring an additional 34 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Old Dominion Freight Line by 0.9% in the second quarter. PNC Financial Services Group Inc. now owns 5,590 shares of the transportation company’s stock worth $534,000 after acquiring an additional 49 shares in the last quarter. 72.45% of the stock is owned by institutional investors.

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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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