Old Dominion Freight Line (NASDAQ:ODFL) Stock Rating Upgraded by Vertical Research

Old Dominion Freight Line (NASDAQ:ODFL) was upgraded by research analysts at Vertical Research from a “sell” rating to a “hold” rating in a research note issued on Monday, Marketbeat reports. The brokerage presently has a $175.00 target price on the transportation company’s stock. Vertical Research’s target price would suggest a potential downside of 3.69% from the company’s previous close.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on Old Dominion Freight Line from $231.00 to $219.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Bank of America decreased their price target on Old Dominion Freight Line from $223.00 to $205.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Evercore ISI decreased their price target on Old Dominion Freight Line from $241.00 to $225.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Raymond James boosted their target price on Old Dominion Freight Line from $207.50 to $233.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Finally, Susquehanna boosted their target price on Old Dominion Freight Line from $232.50 to $257.50 and gave the company a “positive” rating in a report on Thursday, February 8th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $209.08.

Old Dominion Freight Line Trading Down 1.4 %

ODFL opened at $181.71 on Monday. Old Dominion Freight Line has a 12 month low of $147.90 and a 12 month high of $227.80. The stock has a market capitalization of $39.55 billion, a price-to-earnings ratio of 31.99, a PEG ratio of 2.85 and a beta of 1.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 2.10. The business has a fifty day moving average price of $219.52 and a 200 day moving average price of $206.13.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Wednesday, April 24th. The transportation company reported $1.34 EPS for the quarter, topping the consensus estimate 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 return on equity of 30.12% and a net margin of 21.19%. Sell-side analysts expect that Old Dominion Freight Line will post 6.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director John D. Kasarda sold 15,944 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $221.08, for a total transaction of $3,524,819.80. Following the transaction, the director now owns 13,540 shares in the company, valued at approximately $2,993,355.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Old Dominion Freight Line

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas grew its holdings in shares of Old Dominion Freight Line by 0.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 23,288 shares of the transportation company’s stock worth $9,528,000 after acquiring an additional 92 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Old Dominion Freight Line by 14.9% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,016 shares of the transportation company’s stock worth $7,371,000 after acquiring an additional 2,335 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Old Dominion Freight Line in the 3rd quarter worth approximately $783,000. Pittenger & Anderson Inc. grew its holdings in shares of Old Dominion Freight Line by 617.3% in the 3rd quarter. Pittenger & Anderson Inc. now owns 6,327 shares of the transportation company’s stock worth $2,589,000 after acquiring an additional 5,445 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Old Dominion Freight Line by 35.8% in the 3rd quarter. Principal Financial Group Inc. now owns 164,248 shares of the transportation company’s stock worth $67,200,000 after acquiring an additional 43,339 shares during the period. Institutional investors and hedge funds own 77.82% of the company’s stock.

Old Dominion Freight Line Company Profile

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.