Jefferies Financial Group Lowers Old Dominion Freight Line (NASDAQ:ODFL) Price Target to $165.00

Old Dominion Freight Line (NASDAQ:ODFL) had its target price lowered by equities research analysts at Jefferies Financial Group from $195.00 to $165.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 5.26% from the stock’s current price.

A number of other research firms also recently weighed in on ODFL. StockNews.com downgraded Old Dominion Freight Line from a “hold” rating to a “sell” rating in a report on Saturday, March 29th. Stifel Nicolaus upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and raised their price objective for the company from $193.00 to $200.00 in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft started coverage on Old Dominion Freight Line in a research note on Friday, March 7th. They issued a “buy” rating and a $236.00 price target for the company. UBS Group decreased their price objective on shares of Old Dominion Freight Line from $196.00 to $158.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Wells Fargo & Company dropped their target price on Old Dominion Freight Line from $185.00 to $160.00 and set an “underweight” rating on the stock in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $195.75.

Old Dominion Freight Line Price Performance

Shares of Old Dominion Freight Line stock opened at $156.75 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. Old Dominion Freight Line has a one year low of $145.79 and a one year high of $233.26. The stock has a market capitalization of $33.32 billion, a P/E ratio of 28.60, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. The business’s 50 day simple moving average is $176.03 and its two-hundred day simple moving average is $190.80.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. Analysts forecast that Old Dominion Freight Line will post 5.68 EPS for the current year.

Institutional Trading of Old Dominion Freight Line

Large investors have recently added to or reduced their stakes in the company. American National Bank & Trust purchased a new position in shares of Old Dominion Freight Line in the 1st quarter worth $30,000. Whipplewood Advisors LLC bought a new position in Old Dominion Freight Line in the 4th quarter valued at $35,000. Itau Unibanco Holding S.A. grew its holdings in shares of Old Dominion Freight Line by 518.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company’s stock worth $40,000 after purchasing an additional 192 shares during the last quarter. Synergy Asset Management LLC bought a new position in Old Dominion Freight Line in the 4th quarter worth about $41,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in Old Dominion Freight Line during the 4th quarter worth about $51,000. Institutional investors 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.