Deutsche Bank Aktiengesellschaft Initiates Coverage on Old Dominion Freight Line (NASDAQ:ODFL)

Deutsche Bank Aktiengesellschaft began coverage on shares of Old Dominion Freight Line (NASDAQ:ODFL) in a report issued on Friday, Marketbeat reports. The brokerage set a “buy” rating and a $236.00 price target on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 31.44% from the stock’s current price.

Several other equities research analysts also recently issued reports on ODFL. Jefferies Financial Group increased their target price on Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. The Goldman Sachs Group increased their price objective on Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Bank of America reduced their target price on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. StockNews.com upgraded Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th. Finally, Argus lowered shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Old Dominion Freight Line has a consensus rating of “Hold” and an average target price of $202.53.

Old Dominion Freight Line Stock Up 1.1 %

ODFL stock opened at $179.55 on Friday. The stock has a fifty day moving average of $187.08 and a 200-day moving average of $196.49. Old Dominion Freight Line has a fifty-two week low of $165.49 and a fifty-two week high of $233.26. The company has a market capitalization of $38.16 billion, a price-to-earnings ratio of 32.76, a PEG ratio of 2.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates 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, equities research analysts predict that Old Dominion Freight Line will post 5.68 earnings per share for the current year.

Hedge Funds Weigh In On Old Dominion Freight Line

Several institutional investors and hedge funds have recently made changes to their positions in ODFL. Whipplewood Advisors LLC purchased a new stake in Old Dominion Freight Line during the fourth quarter valued at about $35,000. Itau Unibanco Holding S.A. lifted its stake in shares of Old Dominion Freight Line by 518.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 192 shares during the last quarter. Synergy Asset Management LLC bought a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at about $41,000. RPg Family Wealth Advisory LLC purchased a new stake in Old Dominion Freight Line during the 3rd quarter valued at about $45,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in Old Dominion Freight Line during the 4th quarter worth approximately $51,000. 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.