Old Dominion Freight Line (NASDAQ:ODFL) had its price target increased by investment analysts at Stifel Nicolaus from $111.00 to $117.00 in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price target points to a potential downside of 9.35% from the company’s previous close.

A number of other research firms have also recently commented on ODFL. Seaport Global Securities reaffirmed a “buy” rating on shares of Old Dominion Freight Line in a report on Tuesday, December 5th. ValuEngine cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Deutsche Bank cut shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating and lowered their price target for the stock from $119.00 to $101.00 in a report on Monday, December 4th. KeyCorp lifted their price target on shares of Old Dominion Freight Line from $125.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, December 5th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $142.00 price target (up previously from $128.00) on shares of Old Dominion Freight Line in a report on Wednesday, December 6th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $112.46.

Shares of Old Dominion Freight Line (NASDAQ:ODFL) opened at $129.07 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.02. The company has a market cap of $10,594.37, a P/E ratio of 31.68, a P/E/G ratio of 1.80 and a beta of 1.20. Old Dominion Freight Line has a 1-year low of $80.56 and a 1-year high of $131.39.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The company 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%. Old Dominion Freight Line’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. analysts expect that Old Dominion Freight Line will post 4.3 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in ODFL. BlackRock Inc. grew its position in shares of Old Dominion Freight Line by 11,389.2% during the 1st quarter. BlackRock Inc. now owns 5,400,851 shares of the transportation company’s stock valued at $462,150,000 after purchasing an additional 5,353,843 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of Old Dominion Freight Line during the 2nd quarter valued at $266,855,000. William Blair Investment Management LLC grew its position in shares of Old Dominion Freight Line by 24.9% during the 4th quarter. William Blair Investment Management LLC now owns 5,187,814 shares of the transportation company’s stock valued at $306,444,000 after purchasing an additional 1,035,743 shares in the last quarter. Atlantic Trust Group LLC grew its position in shares of Old Dominion Freight Line by 111.7% during the 4th quarter. Atlantic Trust Group LLC now owns 1,739,134 shares of the transportation company’s stock valued at $102,731,000 after purchasing an additional 917,615 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Old Dominion Freight Line during the 4th quarter valued at $43,371,000. Institutional investors and hedge funds 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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