Old Dominion Freight Line Inc. (NASDAQ:ODFL)‘s stock had its “top pick” rating reissued by analysts at Deutsche Bank AG in a report issued on Monday. They currently have a $90.00 price target on the stock. Deutsche Bank AG’s price target would indicate a potential upside of 5.62% from the stock’s previous close.

Several other analysts have also commented on ODFL. Cowen and Company increased their target price on shares of Old Dominion Freight Line from $63.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, July 28th. Zacks Investment Research raised shares of Old Dominion Freight Line from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. KeyCorp reissued a “buy” rating and set a $75.00 target price on shares of Old Dominion Freight Line in a research note on Sunday, October 9th. Finally, Bank of America Corp. lowered shares of 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 research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $72.00.

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

Shares of Old Dominion Freight Line (NASDAQ:ODFL) opened at 85.21 on Monday. Old Dominion Freight Line has a 12 month low of $48.92 and a 12 month high of $85.64. The stock has a market capitalization of $7.02 billion, a PE ratio of 23.80 and a beta of 0.95. The company’s 50-day moving average is $72.75 and its 200-day moving average is $67.28.

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

In other Old Dominion Freight Line news, Vice Chairman David S. Congdon sold 815 shares of the stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $74.67, for a total value of $60,856.05. Following the completion of the sale, the insider now owns 5,334 shares in the company, valued at approximately $398,289.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Leo H. Suggs sold 3,800 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $81.35, for a total transaction of $309,130.00. Following the completion of the sale, the director now owns 4,494 shares of the company’s stock, valued at approximately $365,586.90. The disclosure for this sale can be found here. 14.60% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the company. Gillespie Robinson & Grimm Inc. raised its position in shares of Old Dominion Freight Line by 18.9% in the second quarter. Gillespie Robinson & Grimm Inc. now owns 330,610 shares of the company’s stock valued at $19,939,000 after buying an additional 52,483 shares during the period. Fisher Asset Management LLC raised its position in shares of Old Dominion Freight Line by 0.5% in the second quarter. Fisher Asset Management LLC now owns 7,053 shares of the company’s stock valued at $444,000 after buying an additional 33 shares during the period. Capital Insight Partners LLC raised its position in shares of Old Dominion Freight Line by 10.4% in the second quarter. Capital Insight Partners LLC now owns 20,749 shares of the company’s stock valued at $1,251,000 after buying an additional 1,957 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Old Dominion Freight Line by 3,516.4% in the second quarter. BNP Paribas Arbitrage SA now owns 27,051 shares of the company’s stock valued at $1,631,000 after buying an additional 26,303 shares during the period. Finally, SevenBridge Financial Group LLC acquired a new position in shares of Old Dominion Freight Line during the first quarter valued at approximately $637,000. Institutional investors own 76.61% of the company’s stock.

About Old Dominion Freight Line

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

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