Old Dominion Freight Line Inc. (NASDAQ:ODFL) had its price target upped by KeyCorp from $91.00 to $95.00 in a research note issued to investors on Tuesday morning. KeyCorp currently has an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut Old Dominion Freight Line from a buy rating to a hold rating in a research note on Wednesday, November 23rd. Deutsche Bank AG began coverage on Old Dominion Freight Line in a research note on Wednesday, November 2nd. They issued a buy rating and a $90.00 price target for the company. Finally, Bank of America Corp. cut Old Dominion Freight Line from a neutral rating to an underperform rating in a research note on Friday, October 28th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $75.50.

Analyst Recommendations for Old Dominion Freight Line (NASDAQ:ODFL)

Shares of Old Dominion Freight Line (NASDAQ:ODFL) opened at 86.56 on Tuesday. The stock has a 50 day moving average price of $77.02 and a 200 day moving average price of $68.61. Old Dominion Freight Line has a 1-year low of $48.92 and a 1-year high of $89.10. The firm has a market capitalization of $7.14 billion, a PE ratio of 24.18 and a beta of 0.95.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.06. The business earned $782.60 million during the quarter, compared to analysts’ expectations of $319.94 million. Old Dominion Freight Line had a return on equity of 17.31% and a net margin of 10.05%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 earnings per share. Equities research analysts anticipate that Old Dominion Freight Line will post $3.60 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Old Dominion Freight Line Inc. (ODFL) Given New $95.00 Price Target at KeyCorp” was published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this piece can be read at http://www.dailypolitical.com/2016/11/30/old-dominion-freight-line-inc-odfl-given-new-95-00-price-target-at-keycorp.html.

In other news, Vice Chairman David S. Congdon sold 40,000 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $85.27, for a total transaction of $3,410,800.00. Following the completion of the transaction, the insider now directly owns 5,334 shares in the company, valued at $454,830.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman David S. Congdon sold 815 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $74.67, for a total transaction of $60,856.05. Following the transaction, the insider now owns 5,334 shares of the company’s stock, valued at $398,289.78. The disclosure for this sale can be found here. Insiders own 14.60% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. HL Financial Services LLC increased its position in shares of Old Dominion Freight Line by 0.9% in the second quarter. HL Financial Services LLC now owns 42,836 shares of the company’s stock valued at $2,583,000 after buying an additional 388 shares during the period. Bank of Montreal Can bought a new stake in Old Dominion Freight Line during the second quarter worth $250,000. LS Investment Advisors LLC increased its stake in Old Dominion Freight Line by 71.0% in the second quarter. LS Investment Advisors LLC now owns 4,225 shares of the company’s stock worth $255,000 after buying an additional 1,754 shares during the last quarter. Capstone Asset Management Co. increased its stake in Old Dominion Freight Line by 2.8% in the second quarter. Capstone Asset Management Co. now owns 5,923 shares of the company’s stock worth $357,000 after buying an additional 160 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its stake in Old Dominion Freight Line by 0.4% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 241,252 shares of the company’s stock worth $14,550,000 after buying an additional 977 shares during the last quarter. Institutional investors own 77.56% of the company’s stock.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc is a less-than-truckload (LTL), union-free motor carrier company. The Company provides regional, inter-regional and national LTL services, which include ground and air expedited transportation, and consumer household pickup and delivery. The Company offers a range of other services that include container drayage, truckload brokerage, supply chain consulting and warehousing.

5 Day Chart for NASDAQ:ODFL

Receive News & Ratings for Old Dominion Freight Line Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Dominion Freight Line Inc. and related companies with MarketBeat.com's FREE daily email newsletter.