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

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has received a consensus recommendation of “Hold” from the seventeen research firms that are covering the firm, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $209.08.

Several equities analysts have weighed in on ODFL shares. Evercore ISI dropped their price target on Old Dominion Freight Line from $241.00 to $225.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Raymond James raised their price target on Old Dominion Freight Line from $207.50 to $233.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. dropped their price target on Old Dominion Freight Line from $231.00 to $219.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. UBS Group raised their price target on Old Dominion Freight Line from $202.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Finally, Stifel Nicolaus raised their price objective on Old Dominion Freight Line from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th.

Old Dominion Freight Line Stock Performance

NASDAQ ODFL opened at $185.06 on Tuesday. Old Dominion Freight Line has a 1-year low of $147.90 and a 1-year high of $227.80. The company has a market capitalization of $40.28 billion, a P/E ratio of 32.58, a PEG ratio of 2.92 and a beta of 1.07. The business has a 50 day moving average price of $216.96 and a 200 day moving average price of $205.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 2.10.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.01. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Old Dominion Freight Line had a return on equity of 30.12% and a net margin of 21.19%. Sell-side analysts expect that Old Dominion Freight Line will post 6.04 EPS for the current fiscal year.

Insider Activity at Old Dominion Freight Line

In related news, Director John D. Kasarda sold 15,944 shares of Old Dominion Freight Line stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $221.08, for a total value of $3,524,819.80. Following the transaction, the director now owns 13,540 shares in the company, valued at $2,993,355.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pinnacle Associates Ltd. lifted its stake in shares of Old Dominion Freight Line by 1.6% during the third quarter. Pinnacle Associates Ltd. now owns 1,632 shares of the transportation company’s stock worth $668,000 after purchasing an additional 26 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Old Dominion Freight Line by 22.5% during the fourth quarter. Jones Financial Companies Lllp now owns 147 shares of the transportation company’s stock worth $60,000 after purchasing an additional 27 shares in the last quarter. Lido Advisors LLC lifted its stake in shares of Old Dominion Freight Line by 3.1% during the third quarter. Lido Advisors LLC now owns 969 shares of the transportation company’s stock worth $397,000 after purchasing an additional 29 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Old Dominion Freight Line by 14.6% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 235 shares of the transportation company’s stock worth $96,000 after purchasing an additional 30 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in shares of Old Dominion Freight Line by 1.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 2,704 shares of the transportation company’s stock worth $1,096,000 after purchasing an additional 30 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.