Stifel Nicolaus Has Lowered Expectations for Old Dominion Freight Line (NASDAQ:ODFL) Stock Price

Old Dominion Freight Line (NASDAQ:ODFL) had its price target dropped by equities researchers at Stifel Nicolaus from $200.00 to $188.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 21.24% from the company’s previous close.

ODFL has been the topic of a number of other reports. Stephens reissued an “overweight” rating and set a $240.00 price objective on shares of Old Dominion Freight Line in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Old Dominion Freight Line in a report on Friday, March 7th. They issued a “buy” rating and a $236.00 target price on the stock. Wells Fargo & Company lowered their price target on Old Dominion Freight Line from $185.00 to $160.00 and set an “underweight” rating for the company in a research report on Thursday, March 27th. Bank of America decreased their price objective on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Evercore ISI lifted their price target on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an “in-line” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $195.15.

Old Dominion Freight Line Trading Up 1.9 %

ODFL stock traded up $2.84 during mid-day trading on Monday, reaching $155.07. The company had a trading volume of 179,972 shares, compared to its average volume of 1,670,815. The firm has a 50 day moving average of $175.40 and a 200 day moving average of $190.44. The company has a market capitalization of $32.96 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. Old Dominion Freight Line has a 12 month low of $145.79 and a 12 month 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.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. On average, equities analysts predict that Old Dominion Freight Line will post 5.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. American National Bank & Trust acquired a new position in shares of Old Dominion Freight Line in the first quarter valued at $30,000. Whipplewood Advisors LLC acquired a new position in Old Dominion Freight Line during the fourth quarter worth about $35,000. Itau Unibanco Holding S.A. increased its position in Old Dominion Freight Line by 518.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company’s stock worth $40,000 after purchasing an additional 192 shares in the last quarter. Synergy Asset Management LLC bought a new position in shares of Old Dominion Freight Line in the 4th quarter valued at $41,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in Old Dominion Freight Line in the fourth quarter valued at about $51,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.

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.