Old Dominion Freight Line (NASDAQ:ODFL)‘s stock had its “market perform” rating reiterated by stock analysts at Cowen in a report issued on Thursday. They currently have a $136.00 price target on the transportation company’s stock, up from their previous price target of $113.00. Cowen’s target price would suggest a potential upside of 3.26% from the company’s current price.

Several other analysts have also commented on the stock. Stifel Nicolaus reissued a “hold” rating and set a $134.00 price target on shares of Old Dominion Freight Line in a research report on Thursday, January 18th. Zacks Investment Research raised shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a research report on Saturday, January 6th. Seaport Global Securities reissued a “buy” rating on shares of Old Dominion Freight Line in a research report on Tuesday, December 5th. Credit Suisse Group reissued a “buy” rating and set a $142.00 price target (up from $128.00) on shares of Old Dominion Freight Line in a research report on Wednesday, December 6th. Finally, KeyCorp increased their price objective on shares of Old Dominion Freight Line from $125.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, December 5th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $119.92.

Shares of Old Dominion Freight Line (NASDAQ ODFL) opened at $131.71 on Thursday. The company has a market cap of $11,698.21, a PE ratio of 34.98 and a beta of 1.22. Old Dominion Freight Line has a 1 year low of $80.56 and a 1 year high of $150.31. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.02.

Several institutional investors have recently made changes to their positions in ODFL. Kayne Anderson Rudnick Investment Management LLC raised its position in Old Dominion Freight Line by 6.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,234,395 shares of the transportation company’s stock worth $246,030,000 after buying an additional 134,463 shares during the last quarter. JPMorgan Chase & Co. raised its position in Old Dominion Freight Line by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,092,478 shares of the transportation company’s stock worth $227,557,000 after buying an additional 169,109 shares during the last quarter. Victory Capital Management Inc. raised its position in Old Dominion Freight Line by 1.7% during the 3rd quarter. Victory Capital Management Inc. now owns 1,749,177 shares of the transportation company’s stock worth $192,603,000 after buying an additional 30,025 shares during the last quarter. SPF Beheer BV raised its position in Old Dominion Freight Line by 6.5% during the 3rd quarter. SPF Beheer BV now owns 822,422 shares of the transportation company’s stock worth $90,557,000 after buying an additional 49,878 shares during the last quarter. Finally, Wasatch Advisors Inc. raised its position in Old Dominion Freight Line by 5.3% during the 2nd quarter. Wasatch Advisors Inc. now owns 799,843 shares of the transportation company’s stock worth $76,177,000 after buying an additional 39,954 shares during the last quarter. 73.00% of the stock is owned by hedge funds and other 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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