Old Dominion Freight Line (NASDAQ:ODFL)‘s stock had its “market perform” rating reiterated by research analysts at Cowen in a research report issued on Thursday, Marketbeat.com reports. They presently have a $136.00 price objective on the transportation company’s stock, up from their prior price objective of $113.00. Cowen’s price target indicates a potential upside of 4.50% from the stock’s previous close.

ODFL has been the topic of several other reports. Credit Suisse Group reissued an “outperform” rating and set a $119.00 target price (up from $110.00) on shares of Old Dominion Freight Line in a research report on Thursday, October 12th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a research report on Saturday, January 6th. Stifel Nicolaus reissued a “hold” rating and set a $111.00 target price on shares of Old Dominion Freight Line in a research report on Thursday, October 26th. KeyCorp reissued a “buy” rating and set a $115.00 target price on shares of Old Dominion Freight Line in a research report on Thursday, October 12th. Finally, Deutsche Bank downgraded shares of Old Dominion Freight Line from a “hold” rating to a “sell” rating and lowered their target price for the stock from $119.00 to $101.00 in a research report on Monday, December 4th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $122.08.

Shares of Old Dominion Freight Line (NASDAQ ODFL) opened at $130.14 on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.44 and a debt-to-equity ratio of 0.02. Old Dominion Freight Line has a 1-year low of $80.56 and a 1-year high of $150.31. The stock has a market capitalization of $10,849.74, a price-to-earnings ratio of 23.16 and a beta of 1.22.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Thursday, February 8th. The transportation company reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.01. Old Dominion Freight Line had a return on equity of 17.37% and a net margin of 13.81%. The business had revenue of $891.12 million during the quarter, compared to analyst estimates of $879.00 million. During the same period last year, the company earned $0.83 earnings per share. Old Dominion Freight Line’s quarterly revenue was up 19.5% compared to the same quarter last year. analysts predict that Old Dominion Freight Line will post 5.73 EPS for the current year.

Several large investors have recently modified their holdings of ODFL. PNC Financial Services Group Inc. grew its position in shares of Old Dominion Freight Line by 0.9% in the second quarter. PNC Financial Services Group Inc. now owns 5,590 shares of the transportation company’s stock valued at $534,000 after purchasing an additional 49 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Old Dominion Freight Line by 4.8% in the second quarter. Parametric Portfolio Associates LLC now owns 94,856 shares of the transportation company’s stock valued at $9,034,000 after purchasing an additional 4,354 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Old Dominion Freight Line by 164.0% in the second quarter. Renaissance Technologies LLC now owns 128,627 shares of the transportation company’s stock valued at $12,250,000 after purchasing an additional 79,900 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in shares of Old Dominion Freight Line in the second quarter valued at about $233,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Old Dominion Freight Line by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 102,304 shares of the transportation company’s stock valued at $9,743,000 after purchasing an additional 1,729 shares during the last quarter. 73.00% of the stock is currently owned by institutional investors.

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Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America.

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

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