Old Dominion Freight Line (NASDAQ:ODFL) Rating Increased to Hold at StockNews.com

Old Dominion Freight Line (NASDAQ:ODFL) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts also recently issued reports on ODFL. JPMorgan Chase & Co. lifted their price objective on Old Dominion Freight Line from $186.00 to $205.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Bank of America decreased their price objective on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays dropped their target price on shares of Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. TD Cowen decreased their price target on shares of Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating on the stock in a research note on Thursday, October 24th. Finally, Morgan Stanley boosted their price objective on shares of Old Dominion Freight Line from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Old Dominion Freight Line presently has a consensus rating of “Hold” and a consensus target price of $203.33.

Old Dominion Freight Line Stock Performance

Old Dominion Freight Line stock opened at $206.34 on Friday. Old Dominion Freight Line has a 52-week low of $165.49 and a 52-week high of $233.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a fifty day moving average price of $189.35 and a two-hundred day moving average price of $197.87. The firm has a market capitalization of $44.05 billion, a P/E ratio of 37.65, a P/E/G ratio of 5.30 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. As a group, analysts anticipate that Old Dominion Freight Line will post 5.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Old Dominion Freight Line

Large investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV grew its holdings in shares of Old Dominion Freight Line by 93.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 15,396 shares of the transportation company’s stock valued at $2,716,000 after buying an additional 7,439 shares during the period. Itau Unibanco Holding S.A. lifted its holdings in Old Dominion Freight Line by 518.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company’s stock worth $40,000 after acquiring an additional 192 shares in the last quarter. Davidson Kahn Capital Management LLC acquired a new position in Old Dominion Freight Line in the fourth quarter valued at about $844,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Old Dominion Freight Line by 721.2% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,560 shares of the transportation company’s stock worth $1,863,000 after acquiring an additional 9,274 shares in the last quarter. Finally, Talon Private Wealth LLC acquired a new stake in shares of Old Dominion Freight Line during the fourth quarter worth about $204,000. Institutional investors 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.