Old Dominion Freight Line Inc. (ODFL) Stock Price Up 1.1%
Old Dominion Freight Line Inc. (NASDAQ:ODFL) shares rose 1.1% during mid-day trading on Wednesday . The stock traded as high as $71.00 and last traded at $70.60, with a volume of 313,933 shares. The stock had previously closed at $69.80.
ODFL has been the topic of several recent research reports. Stifel Nicolaus lowered Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Cowen and Company raised their price target on Old Dominion Freight Line from $65.00 to $69.00 and gave the stock a “market perform” rating in a research report on Friday, April 29th. Morgan Stanley restated a “buy” rating on shares of Old Dominion Freight Line in a research report on Saturday, April 30th. Zacks Investment Research lowered Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. Finally, Longbow Research restated a “buy” rating on shares of Old Dominion Freight Line in a research report on Thursday, June 2nd. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $68.00.
The company has a 50 day moving average of $67.42 and a 200 day moving average of $65.42. The firm has a market cap of $5.82 billion and a price-to-earnings ratio of 19.89.
Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.03. The company had revenue of $755.40 million for the quarter, compared to analyst estimates of $754.33 million. During the same quarter last year, the company posted $1.00 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts expect that Old Dominion Freight Line Inc. will post $3.55 earnings per share for the current fiscal year.
In other news, insider John R. Congdon, Jr. sold 3,800 shares of the company’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $70.87, for a total transaction of $269,306.00. Following the completion of the transaction, the insider now directly owns 1,494 shares in the company, valued at $105,879.78. 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 1,660 shares of the company’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $69.77, for a total transaction of $115,818.20. Following the transaction, the insider now owns 5,334 shares of the company’s stock, valued at $372,153.18. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Old Dominion Freight Line stock. Principal Financial Group Inc. increased its stake in Old Dominion Freight Line Inc. (NASDAQ:ODFL) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 222,372 shares of the company’s stock after buying an additional 3,090 shares during the period. Principal Financial Group Inc. owned approximately 0.26% of Old Dominion Freight Line worth $13,135,000 at the end of the most recent reporting period.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.