Stifel Nicolaus Lowers Old Dominion Freight Line (NASDAQ:ODFL) Price Target to $188.00

Old Dominion Freight Line (NASDAQ:ODFL) had its target price reduced by Stifel Nicolaus from $200.00 to $188.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 23.00% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. Susquehanna reduced their target price on shares of Old Dominion Freight Line from $210.00 to $171.00 and set a “neutral” rating on the stock in a report on Monday, March 31st. Bank of America lowered their target price on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. UBS Group decreased their price objective on Old Dominion Freight Line from $196.00 to $158.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Old Dominion Freight Line in a research note on Friday, March 7th. They set a “buy” rating and a $236.00 target price on the stock. Finally, Citigroup upgraded shares of Old Dominion Freight Line from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $186.00 to $183.00 in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $195.15.

Old Dominion Freight Line Stock Performance

NASDAQ:ODFL opened at $152.85 on Monday. Old Dominion Freight Line has a fifty-two week low of $145.79 and a fifty-two week high of $233.26. The company has a 50 day moving average price of $173.77 and a 200 day moving average price of $189.89. The stock has a market capitalization of $32.49 billion, a P/E ratio of 27.89, a PEG ratio of 2.89 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. Equities research analysts forecast that Old Dominion Freight Line will post 5.68 EPS for the current year.

Institutional Investors Weigh In On Old Dominion Freight Line

Several large investors have recently modified their holdings of the stock. American National Bank & Trust purchased a new position in Old Dominion Freight Line during the 1st quarter worth $30,000. Whipplewood Advisors LLC purchased a new position in Old Dominion Freight Line during the fourth quarter worth about $35,000. Itau Unibanco Holding S.A. lifted its position in Old Dominion Freight Line by 518.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 192 shares during the period. Synergy Asset Management LLC acquired a new stake in Old Dominion Freight Line in the fourth quarter valued at about $41,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Old Dominion Freight Line in the 4th quarter valued at approximately $51,000. 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.