Old Dominion Freight Line, Inc. (NASDAQ:ODFL)‘s stock had its “outperform” rating restated by investment analysts at Credit Suisse Group in a research report issued to clients and investors on Thursday, July 13th, The Fly reports. They presently have a $109.00 target price on the transportation company’s stock, up from their prior target price of $101.00. Credit Suisse Group’s price objective points to a potential upside of 12.66% from the stock’s current price. The analysts noted that the move was a valuation call.

A number of other research analysts also recently weighed in on ODFL. BidaskClub upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research downgraded Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research note on Wednesday, March 15th. Vertical Research reiterated a “hold” rating and set a $83.00 target price on shares of Old Dominion Freight Line in a research note on Thursday, April 13th. Cowen and Company lifted their target price on Old Dominion Freight Line from $88.00 to $92.00 and gave the stock a “market perform” rating in a research note on Thursday, April 27th. Finally, Bank of America Corporation upgraded Old Dominion Freight Line from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $83.00 to $96.00 in a research note on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $97.67.

Old Dominion Freight Line (NASDAQ:ODFL) opened at 96.75 on Thursday. The stock has a market cap of $7.96 billion, a P/E ratio of 25.06 and a beta of 1.08. Old Dominion Freight Line has a one year low of $66.33 and a one year high of $103.51. The stock has a 50 day moving average of $96.33 and a 200-day moving average of $90.19.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.09. Old Dominion Freight Line had a return on equity of 16.87% and a net margin of 10.19%. The business had revenue of $839.90 million for the quarter, compared to analyst estimates of $824.68 million. During the same quarter last year, the firm earned $0.98 EPS. Old Dominion Freight Line’s revenue for the quarter was up 11.2% compared to the same quarter last year. Analysts anticipate that Old Dominion Freight Line will post $4.14 EPS for the current year.

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Several institutional investors have recently bought and sold shares of ODFL. BlackRock Inc. boosted its position in Old Dominion Freight Line by 11,389.2% in the first quarter. BlackRock Inc. now owns 5,400,851 shares of the transportation company’s stock worth $462,150,000 after buying an additional 5,353,843 shares during the period. Norges Bank purchased a new stake in shares of Old Dominion Freight Line during the fourth quarter worth $60,751,000. William Blair Investment Management LLC raised its stake in shares of Old Dominion Freight Line by 7.9% in the second quarter. William Blair Investment Management LLC now owns 2,625,605 shares of the transportation company’s stock worth $250,063,000 after buying an additional 191,911 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Old Dominion Freight Line by 8,727.8% in the first quarter. Daiwa Securities Group Inc. now owns 158,900 shares of the transportation company’s stock worth $13,597,000 after buying an additional 157,100 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Old Dominion Freight Line by 100.3% in the first quarter. AQR Capital Management LLC now owns 299,394 shares of the transportation company’s stock worth $25,619,000 after buying an additional 149,951 shares in the last quarter. 75.07% of the stock is owned by institutional investors.

About Old Dominion Freight Line

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.

The Fly

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

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