Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Receives Average Rating of “Hold” from Analysts

Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) have earned an average rating of “Hold” from the twenty-one analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $202.44.

ODFL has been the subject of several research analyst reports. Susquehanna restated a “neutral” rating and set a $195.00 price target (down previously from $218.00) on shares of Old Dominion Freight Line in a research note on Tuesday, January 7th. Barclays decreased their target price on Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company dropped their price target on Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price objective on Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Citigroup upped their price objective on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th.

Old Dominion Freight Line Trading Down 2.2 %

NASDAQ:ODFL opened at $185.84 on Thursday. Old Dominion Freight Line has a 52 week low of $165.49 and a 52 week high of $233.26. The firm has a 50-day moving average price of $194.87 and a two-hundred day moving average price of $198.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $39.68 billion, a price-to-earnings ratio of 32.49, a price-to-earnings-growth ratio of 5.03 and a beta of 1.05.

Insiders Place Their Bets

In other news, Director Leo H. Suggs sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $225.44, for a total value of $676,320.00. Following the completion of the sale, the director now directly owns 7,383 shares in the company, valued at $1,664,423.52. The trade was a 28.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Old Dominion Freight Line

A number of hedge funds have recently made changes to their positions in ODFL. Synergy Asset Management LLC purchased a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at approximately $41,000. RPg Family Wealth Advisory LLC purchased a new position in Old Dominion Freight Line in the third quarter worth approximately $45,000. Brown Brothers Harriman & Co. raised its position in Old Dominion Freight Line by 398.1% in the third quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 215 shares during the period. Quarry LP purchased a new stake in Old Dominion Freight Line in the second quarter valued at $60,000. Finally, Versant Capital Management Inc lifted its stake in shares of Old Dominion Freight Line by 45.5% in the 4th quarter. Versant Capital Management Inc now owns 352 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 110 shares during the last quarter. 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.