Old Dominion Freight Line (NASDAQ:ODFL) was downgraded by investment analysts at Deutsche Bank from a “hold” rating to a “sell” rating in a research note issued to investors on Monday. They presently have a $101.00 target price on the transportation company’s stock, down from their prior target price of $119.00. Deutsche Bank’s price objective would suggest a potential downside of 20.66% from the stock’s current price.

A number of other brokerages have also commented on ODFL. ValuEngine lowered Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Buckingham Research upped their price objective on Old Dominion Freight Line from $105.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Citigroup upped their price objective on Old Dominion Freight Line from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $111.00 price objective on shares of Old Dominion Freight Line in a report on Thursday, October 26th. Finally, Zacks Investment Research raised Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a report on Tuesday, October 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $110.23.

Shares of Old Dominion Freight Line (NASDAQ:ODFL) opened at $127.30 on Monday. Old Dominion Freight Line has a 12 month low of $80.56 and a 12 month high of $130.71. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $10,490.00, a price-to-earnings ratio of 31.38, a P/E/G ratio of 1.86 and a beta of 1.20.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. Old Dominion Freight Line had a return on equity of 17.09% and a net margin of 10.43%. The business had revenue of $872.99 million for the quarter, compared to analysts’ expectations of $855.85 million. During the same quarter in the prior year, the business earned $1.03 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. equities analysts expect that Old Dominion Freight Line will post 4.28 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC acquired a new stake in shares of Old Dominion Freight Line during the 3rd quarter worth $100,000. Salem Investment Counselors Inc. grew its holdings in shares of Old Dominion Freight Line by 3,281.3% during the 3rd quarter. Salem Investment Counselors Inc. now owns 1,082 shares of the transportation company’s stock worth $118,000 after purchasing an additional 1,050 shares in the last quarter. Pinebridge Investments L.P. acquired a new stake in shares of Old Dominion Freight Line during the 3rd quarter worth $123,000. Paradigm Asset Management Co. LLC acquired a new stake in shares of Old Dominion Freight Line during the 2nd quarter worth $157,000. Finally, IFP Advisors Inc grew its holdings in shares of Old Dominion Freight Line by 12.9% during the 2nd quarter. IFP Advisors Inc now owns 2,077 shares of the transportation company’s stock worth $198,000 after purchasing an additional 238 shares in the last quarter. 72.45% 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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