Old Dominion Freight Line (NASDAQ:ODFL) Given New $190.00 Price Target at Jefferies Financial Group

Old Dominion Freight Line (NASDAQ:ODFL) had its price target boosted by stock analysts at Jefferies Financial Group from $185.00 to $190.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 8.22% from the stock’s current price.

ODFL has been the subject of several other research reports. Stephens reissued an “overweight” rating and set a $240.00 price target on shares of Old Dominion Freight Line in a research report on Wednesday, December 4th. Argus downgraded shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. TD Cowen reduced their price target on shares of Old Dominion Freight Line from $203.00 to $196.00 and set a “hold” rating for the company in a research report on Thursday, October 24th. Robert W. Baird reduced their price target on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Wells Fargo & Company cut their target price on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $203.33.

Old Dominion Freight Line Trading Down 2.2 %

Shares of Old Dominion Freight Line stock traded down $4.01 during trading on Friday, reaching $175.57. 297,231 shares of the stock were exchanged, compared to its average volume of 1,061,045. 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 has a 1 year low of $165.49 and a 1 year high of $233.26. The stock’s fifty day moving average is $203.37 and its 200 day moving average is $197.24. The firm has a market cap of $37.48 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 4.21 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Wednesday, October 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the business earned $1.54 earnings per share. The business’s revenue was down 3.0% on a year-over-year basis. As a group, equities research analysts expect that Old Dominion Freight Line will post 5.42 earnings per share for the current fiscal year.

Insider Activity at Old Dominion Freight Line

In other news, Director Greg C. Gantt sold 7,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $200.07, for a total value of $1,400,490.00. Following the sale, the director now directly owns 97,890 shares in the company, valued at $19,584,852.30. The trade was a 6.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Leo H. Suggs sold 3,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $225.44, for a total transaction of $676,320.00. Following the completion of the sale, the director now owns 7,383 shares in the company, valued at approximately $1,664,423.52. This trade represents a 28.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.90% of the stock is owned by corporate insiders.

Institutional Trading of Old Dominion Freight Line

A number of large investors have recently made changes to their positions in ODFL. Private Advisor Group LLC grew its holdings in Old Dominion Freight Line by 6.7% during the 2nd quarter. Private Advisor Group LLC now owns 9,299 shares of the transportation company’s stock valued at $1,642,000 after purchasing an additional 583 shares during the last quarter. Choreo LLC grew its holdings in Old Dominion Freight Line by 296.4% during the 2nd quarter. Choreo LLC now owns 4,432 shares of the transportation company’s stock valued at $791,000 after purchasing an additional 3,314 shares during the last quarter. American Century Companies Inc. grew its stake in Old Dominion Freight Line by 10.7% in the 2nd quarter. American Century Companies Inc. now owns 159,873 shares of the transportation company’s stock worth $28,234,000 after acquiring an additional 15,441 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in Old Dominion Freight Line by 0.9% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 130,661 shares of the transportation company’s stock worth $23,075,000 after acquiring an additional 1,127 shares in the last quarter. Finally, BOKF NA grew its stake in Old Dominion Freight Line by 8.2% in the 2nd quarter. BOKF NA now owns 19,184 shares of the transportation company’s stock worth $3,388,000 after acquiring an additional 1,450 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors.

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.