Old Dominion Freight Line (NASDAQ:ODFL) PT Raised to $280.00

Old Dominion Freight Line (NASDAQ:ODFL – Get Rating) had its price target boosted by Wells Fargo & Company from $255.00 to $280.00 in a report issued on Thursday, The Fly reports. Wells Fargo & Company‘s price objective suggests a potential upside of 2.94% from the stock’s current price.

Several other research analysts also recently issued reports on ODFL. Bank of America boosted their price objective on shares of Old Dominion Freight Line from $300.00 to $304.00 and gave the stock an “underperform” rating in a report on Thursday, February 3rd. Susquehanna boosted their price objective on shares of Old Dominion Freight Line from $275.00 to $285.00 in a report on Thursday. StockNews.com began coverage on shares of Old Dominion Freight Line in a report on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley lifted their target price on shares of Old Dominion Freight Line from $335.00 to $337.00 and gave the company an “equal weight” rating in a research report on Monday, April 4th. Finally, Cowen lifted their target price on shares of Old Dominion Freight Line from $291.00 to $327.00 and gave the company a “market perform” rating in a research report on Thursday, February 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $316.28.

Shares of ODFL opened at $271.99 on Thursday. The company’s fifty day moving average price is $294.14 and its 200 day moving average price is $318.83. Old Dominion Freight Line has a one year low of $245.56 and a one year high of $373.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.98 and a quick ratio of 2.98. The company has a market capitalization of $30.94 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 1.61 and a beta of 1.03.

Old Dominion Freight Line (NASDAQ:ODFL – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The transportation company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.19. Old Dominion Freight Line had a net margin of 19.68% and a return on equity of 30.21%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the firm posted $1.70 EPS. The business’s revenue was up 32.9% compared to the same quarter last year. Analysts anticipate that Old Dominion Freight Line will post 10.82 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in ODFL. Heartland Bank & Trust Co raised its stake in shares of Old Dominion Freight Line by 1.4% during the fourth quarter. Heartland Bank & Trust Co now owns 2,465 shares of the transportation company’s stock worth $883,000 after buying an additional 33 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of Old Dominion Freight Line by 10.0% during the third quarter. Penserra Capital Management LLC now owns 374 shares of the transportation company’s stock worth $106,000 after buying an additional 34 shares during the last quarter. Holderness Investments Co. raised its stake in shares of Old Dominion Freight Line by 2.6% during the third quarter. Holderness Investments Co. now owns 1,397 shares of the transportation company’s stock worth $400,000 after buying an additional 35 shares during the last quarter. Brookstone Capital Management raised its stake in shares of Old Dominion Freight Line by 4.0% during the fourth quarter. Brookstone Capital Management now owns 914 shares of the transportation company’s stock worth $304,000 after buying an additional 35 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in shares of Old Dominion Freight Line by 2.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,302 shares of the transportation company’s stock worth $467,000 after buying an additional 36 shares during the last quarter. 77.87% of the stock is owned by institutional investors.

About Old Dominion Freight Line (Get Rating)

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

See Also