Old Dominion Freight Line (NASDAQ:ODFL) Coverage Initiated at Truist Financial

Stock analysts at Truist Financial started coverage on shares of Old Dominion Freight Line (NASDAQ:ODFL) in a report released on Thursday,Benzinga reports. The brokerage set a “buy” rating and a $220.00 price target on the transportation company’s stock. Truist Financial’s target price would indicate a potential upside of 33.71% from the stock’s previous close.

ODFL has been the subject of a number of other research reports. Susquehanna restated a “neutral” rating and set a $195.00 price objective (down previously from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. JPMorgan Chase & Co. raised their price target on Old Dominion Freight Line from $186.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Morgan Stanley upped their price objective on Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Jefferies Financial Group lifted their target price on Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a “hold” rating in a report on Friday, January 10th. Finally, Evercore ISI upped their price target on Old Dominion Freight Line from $199.00 to $202.00 and gave the company an “in-line” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Old Dominion Freight Line presently has an average rating of “Hold” and a consensus price target of $202.65.

Old Dominion Freight Line Stock Down 1.5 %

Shares of NASDAQ:ODFL opened at $164.54 on Thursday. The company’s fifty day moving average is $186.67 and its two-hundred day moving average is $195.81. 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 has a 1-year low of $164.06 and a 1-year high of $233.26. The stock has a market capitalization of $34.97 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10.

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

Institutional Trading of Old Dominion Freight Line

Large investors have recently added to or reduced their stakes in the stock. Sigma Planning Corp bought a new position in Old Dominion Freight Line in the 3rd quarter valued at $244,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Old Dominion Freight Line by 1.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 465,063 shares of the transportation company’s stock worth $92,380,000 after acquiring an additional 7,505 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Old Dominion Freight Line during the third quarter valued at approximately $271,000. Huntington National Bank boosted its holdings in Old Dominion Freight Line by 20.5% in the third quarter. Huntington National Bank now owns 911 shares of the transportation company’s stock worth $181,000 after acquiring an additional 155 shares in the last quarter. Finally, Curi RMB Capital LLC grew its holdings in shares of Old Dominion Freight Line by 2.3% during the third quarter. Curi RMB Capital LLC now owns 18,930 shares of the transportation company’s stock valued at $3,760,000 after buying an additional 418 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.