Old Dominion Freight Line (NASDAQ:ODFL) Price Target Raised to $202.00 at Evercore ISI

Old Dominion Freight Line (NASDAQ:ODFL) had its price target raised by stock analysts at Evercore ISI from $199.00 to $202.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s target price would indicate a potential upside of 2.58% from the company’s previous close.

A number of other brokerages have also recently commented on ODFL. Stifel Nicolaus upped their price target on Old Dominion Freight Line from $176.00 to $193.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Barclays cut their target price on shares of Old Dominion Freight Line from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. BMO Capital Markets decreased their price target on shares of Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Bank of America dropped their price objective on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Morgan Stanley increased their price target on Old Dominion Freight Line from $165.00 to $170.00 and gave the stock an “equal weight” rating in a report on Thursday. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $203.33.

Old Dominion Freight Line Price Performance

Shares of ODFL traded up $3.26 during mid-day trading on Thursday, hitting $196.91. 574,177 shares of the company traded hands, compared to its average volume of 1,429,210. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $191.21 and a 200 day moving average of $197.70. Old Dominion Freight Line has a one year low of $165.49 and a one year high of $233.26. The stock has a market capitalization of $42.04 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 4.95 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a return on equity of 29.40% and a net margin of 21.03%. As a group, equities 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 Old Dominion Freight Line news, Director Leo H. Suggs sold 3,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $225.44, for a total transaction of $676,320.00. Following the sale, the director now owns 7,383 shares of the company’s stock, valued at approximately $1,664,423.52. This represents a 28.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Old Dominion Freight Line

Large investors have recently added to or reduced their stakes in the business. Czech National Bank grew its position in shares of Old Dominion Freight Line by 13.1% during the 3rd quarter. Czech National Bank now owns 38,416 shares of the transportation company’s stock worth $7,631,000 after buying an additional 4,463 shares during the period. GAMMA Investing LLC boosted its stake in shares of Old Dominion Freight Line by 39.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,865 shares of the transportation company’s stock worth $370,000 after buying an additional 525 shares during the last quarter. City Holding Co. grew its stake in shares of Old Dominion Freight Line by 19.2% during the 3rd quarter. City Holding Co. now owns 6,904 shares of the transportation company’s stock worth $1,371,000 after acquiring an additional 1,110 shares during the period. CWM LLC increased its holdings in Old Dominion Freight Line by 9.4% in the 3rd quarter. CWM LLC now owns 10,664 shares of the transportation company’s stock worth $2,118,000 after acquiring an additional 914 shares during the last quarter. Finally, Wedmont Private Capital increased its stake in shares of Old Dominion Freight Line by 4.4% in the third quarter. Wedmont Private Capital now owns 3,668 shares of the transportation company’s stock worth $692,000 after purchasing an additional 155 shares in 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.