Old Dominion Freight Line (NASDAQ:ODFL) Price Target Cut to $195.00 by Analysts at Barclays

Old Dominion Freight Line (NASDAQ:ODFL) had its price target cut by Barclays from $210.00 to $195.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Barclays‘s target price suggests a potential upside of 8.51% from the stock’s previous close.

Several other equities analysts have also recently weighed in on ODFL. Wells Fargo & Company decreased their target price on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. Morgan Stanley lifted their price objective on shares of Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. The Goldman Sachs Group upped their target price on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Evercore ISI lifted their price target on Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an “in-line” rating in a report on Thursday, February 6th. Finally, Stifel Nicolaus upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating and lifted their target price for the stock from $193.00 to $200.00 in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Old Dominion Freight Line currently has a consensus rating of “Hold” and an average target price of $201.74.

Old Dominion Freight Line Price Performance

Old Dominion Freight Line stock opened at $179.72 on Monday. Old Dominion Freight Line has a 1 year low of $165.49 and a 1 year high of $233.26. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $38.20 billion, a P/E ratio of 32.76, a PEG ratio of 2.89 and a beta of 1.10. The business has a 50-day moving average of $187.08 and a 200-day moving average of $196.45.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS 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%. On average, equities analysts anticipate that Old Dominion Freight Line will post 5.68 EPS for the current year.

Institutional Investors Weigh In On Old Dominion Freight Line

A number of hedge funds have recently made changes to their positions in the stock. Whipplewood Advisors LLC bought a new position in Old Dominion Freight Line during the 4th quarter worth approximately $35,000. Itau Unibanco Holding S.A. raised its stake in Old Dominion Freight Line by 518.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company’s stock worth $40,000 after buying an additional 192 shares during the last quarter. Synergy Asset Management LLC bought a new stake in Old Dominion Freight Line during the fourth quarter valued at $41,000. RPg Family Wealth Advisory LLC bought a new position in shares of Old Dominion Freight Line in the 3rd quarter worth about $45,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Old Dominion Freight Line during the fourth quarter worth approximately $51,000. 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.