Analysts Set Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Price Target at $209.08

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has been assigned an average recommendation of “Hold” from the seventeen research firms that are covering the company, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $209.08.

A number of equities research analysts recently issued reports on ODFL shares. Barclays decreased their price objective on shares of Old Dominion Freight Line from $210.00 to $205.00 and set an “equal weight” rating for the company in a report on Thursday, April 25th. UBS Group lifted their target price on shares of Old Dominion Freight Line from $202.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Stifel Nicolaus boosted their target price on shares of Old Dominion Freight Line from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. TD Cowen lowered their price target on Old Dominion Freight Line from $209.00 to $206.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. cut their price objective on Old Dominion Freight Line from $231.00 to $219.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th.

Old Dominion Freight Line Trading Up 0.9 %

NASDAQ ODFL opened at $185.06 on Tuesday. Old Dominion Freight Line has a 1-year low of $147.90 and a 1-year high of $227.80. The company has a current ratio of 2.29, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $40.28 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 2.92 and a beta of 1.07. The firm’s fifty day simple moving average is $216.96 and its 200-day simple moving average is $205.51.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.01. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Old Dominion Freight Line had a net margin of 21.19% and a return on equity of 30.12%. As a group, sell-side analysts anticipate that Old Dominion Freight Line will post 6.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Old Dominion Freight Line

In other news, Director John D. Kasarda sold 15,944 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $221.08, for a total transaction of $3,524,819.80. Following the completion of the transaction, the director now directly owns 13,540 shares of the company’s stock, valued at approximately $2,993,355.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Fortitude Family Office LLC acquired a new position in shares of Old Dominion Freight Line in the 4th quarter worth approximately $27,000. Trust Co. of Vermont bought a new position in shares of Old Dominion Freight Line during the 4th quarter worth approximately $27,000. Farmers & Merchants Investments Inc. lifted its position in shares of Old Dominion Freight Line by 100.0% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 124 shares of the transportation company’s stock worth $27,000 after buying an additional 62 shares during the period. Raleigh Capital Management Inc. bought a new position in shares of Old Dominion Freight Line during the 4th quarter worth approximately $29,000. Finally, Headinvest LLC bought a new position in shares of Old Dominion Freight Line during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 77.82% of the company’s stock.

About Old Dominion Freight Line

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.