Evercore ISI Raises Old Dominion Freight Line (NASDAQ:ODFL) Price Target to $202.00

Old Dominion Freight Line (NASDAQ:ODFL) had its price objective upped by equities research analysts at Evercore ISI from $199.00 to $202.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s target price would suggest a potential upside of 2.43% from the company’s previous close.

ODFL has been the subject of several other reports. JPMorgan Chase & Co. lifted their price target on Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Argus downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. BMO Capital Markets reduced their target price on shares of Old Dominion Freight Line from $210.00 to $205.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. Robert W. Baird lowered their price target on shares of Old Dominion Freight Line from $204.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Stephens reissued an “overweight” rating and issued a $240.00 price objective on shares of Old Dominion Freight Line in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $203.33.

Old Dominion Freight Line Price Performance

NASDAQ:ODFL opened at $197.20 on Thursday. The company has a market cap of $42.10 billion, a P/E ratio of 34.48, a P/E/G ratio of 4.95 and a beta of 1.05. The firm’s fifty day moving average price is $190.09 and its two-hundred day moving average price is $197.70. Old Dominion Freight Line has a one year low of $165.49 and a one year high of $233.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 21.03% and a return on equity of 29.40%. Equities analysts expect that Old Dominion Freight Line will post 5.42 earnings per share for the current year.

Hedge Funds Weigh In On Old Dominion Freight Line

A number of institutional investors have recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC bought a new stake in shares of Old Dominion Freight Line during the fourth quarter worth $35,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Old Dominion Freight Line during the 3rd quarter valued at $45,000. Synergy Asset Management LLC bought a new stake in Old Dominion Freight Line during the 4th quarter worth $41,000. Brown Brothers Harriman & Co. increased its holdings in Old Dominion Freight Line by 398.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 269 shares of the transportation company’s stock worth $53,000 after purchasing an additional 215 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Old Dominion Freight Line in the third quarter valued at about $64,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.

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.