Brokerages Set Old Dominion Freight Line, Inc. (NASDAQ:ODFL) PT at $183.37

Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) have been assigned a consensus rating of “Hold” from the twenty-one research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $183.37.

Several research analysts have recently issued reports on the stock. Raymond James set a $185.00 price objective on shares of Old Dominion Freight Line and gave the company an “outperform” rating in a report on Thursday, April 24th. Stephens restated an “overweight” rating and issued a $180.00 price target (down previously from $200.00) on shares of Old Dominion Freight Line in a research report on Thursday, April 24th. Truist Financial cut their target price on shares of Old Dominion Freight Line from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Jefferies Financial Group cut their target price on shares of Old Dominion Freight Line from $195.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. cut their price target on shares of Old Dominion Freight Line from $174.00 to $158.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th.

Old Dominion Freight Line Price Performance

ODFL opened at $171.65 on Friday. The company’s 50-day moving average price is $159.58 and its 200 day moving average price is $184.14. Old Dominion Freight Line has a fifty-two week low of $144.90 and a fifty-two week high of $233.26. The firm has a market cap of $36.27 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 2.89 and a beta of 1.31. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.14 by $0.05. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. Old Dominion Freight Line’s revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.34 earnings per share. As a group, sell-side analysts expect that Old Dominion Freight Line will post 5.68 earnings per share for the current year.

Institutional Trading of Old Dominion Freight Line

Several hedge funds and other institutional investors have recently bought and sold shares of ODFL. Larson Financial Group LLC boosted its position in shares of Old Dominion Freight Line by 234.8% during the 1st quarter. Larson Financial Group LLC now owns 154 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 108 shares in the last quarter. American National Bank & Trust acquired a new position in Old Dominion Freight Line in the first quarter valued at about $30,000. Whipplewood Advisors LLC bought a new position in shares of Old Dominion Freight Line in the fourth quarter worth about $35,000. Wayfinding Financial LLC bought a new position in shares of Old Dominion Freight Line in the first quarter worth about $39,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Old Dominion Freight Line in the first quarter worth about $39,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.

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.