Old Dominion Freight Line (NASDAQ:ODFL) Given New $205.00 Price Target at Barclays

Old Dominion Freight Line (NASDAQ:ODFL) had its price target decreased by equities research analysts at Barclays from $210.00 to $205.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price objective would suggest a potential upside of 3.74% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Evercore ISI cut their price target on shares of Old Dominion Freight Line from $241.00 to $225.00 and set an “outperform” rating on the stock in a report on Thursday. Stifel Nicolaus upped their price target on shares of Old Dominion Freight Line from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Bank of America cut their price target on shares of Old Dominion Freight Line from $223.00 to $205.00 and set a “neutral” rating on the stock in a report on Thursday. The Goldman Sachs Group increased their target price on shares of Old Dominion Freight Line from $200.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Finally, Susquehanna increased their target price on shares of Old Dominion Freight Line from $232.50 to $257.50 and gave the stock a “positive” rating in a report on Thursday, February 8th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $211.26.

Old Dominion Freight Line Price Performance

Shares of ODFL traded up $2.54 during mid-day trading on Thursday, reaching $197.60. The stock had a trading volume of 1,829,094 shares, compared to its average volume of 1,379,564. The firm has a market cap of $43.01 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 3.15 and a beta of 1.02. Old Dominion Freight Line has a 12 month low of $147.90 and a 12 month high of $227.80. The business has a fifty day moving average of $221.04 and a 200 day moving average of $206.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, April 24th. The transportation company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.01. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. Old Dominion Freight Line had a net margin of 21.13% and a return on equity of 31.18%. Equities analysts predict that Old Dominion Freight Line will post 6.35 EPS for the current year.

Insider Transactions at Old Dominion Freight Line

In other Old Dominion Freight Line news, Director John D. Kasarda sold 15,944 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $221.08, for a total transaction of $3,524,819.80. Following the sale, the director now directly owns 13,540 shares in the company, valued at $2,993,355.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Old Dominion Freight Line

Several large investors have recently modified their holdings of the stock. Pinnacle Associates Ltd. grew its holdings in Old Dominion Freight Line by 1.6% in the third quarter. Pinnacle Associates Ltd. now owns 1,632 shares of the transportation company’s stock valued at $668,000 after purchasing an additional 26 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Old Dominion Freight Line by 22.5% in the 4th quarter. Jones Financial Companies Lllp now owns 147 shares of the transportation company’s stock worth $60,000 after purchasing an additional 27 shares during the period. Lido Advisors LLC raised its holdings in shares of Old Dominion Freight Line by 3.1% in the 3rd quarter. Lido Advisors LLC now owns 969 shares of the transportation company’s stock worth $397,000 after purchasing an additional 29 shares during the period. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Old Dominion Freight Line by 14.6% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 235 shares of the transportation company’s stock valued at $96,000 after buying an additional 30 shares during the period. Finally, Avantax Advisory Services Inc. increased its holdings in Old Dominion Freight Line by 1.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 2,704 shares of the transportation company’s stock worth $1,096,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

About Old Dominion Freight Line

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.