Old Dominion Freight Line (NASDAQ:ODFL) Given New $215.00 Price Target at BMO Capital Markets

Old Dominion Freight Line (NASDAQ:ODFL) had its price objective lifted by equities research analysts at BMO Capital Markets from $210.00 to $215.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 4.12% from the stock’s current price.

ODFL has been the topic of several other reports. UBS Group raised their target price on Old Dominion Freight Line from $202.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Evercore ISI reiterated an “in-line” rating and set a $196.00 price objective (down from $225.00) on shares of Old Dominion Freight Line in a research note on Tuesday, June 25th. Raymond James decreased their target price on shares of Old Dominion Freight Line from $215.00 to $190.00 and set an “outperform” rating on the stock in a research note on Monday, June 24th. Barclays dropped their price target on shares of Old Dominion Freight Line from $205.00 to $195.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 12th. Finally, Bank of America lifted their target price on shares of Old Dominion Freight Line from $192.00 to $203.00 and gave the company a “neutral” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, twelve have issued 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 has an average rating of “Hold” and a consensus target price of $200.55.

Old Dominion Freight Line Stock Up 6.1 %

NASDAQ:ODFL traded up $11.88 on Thursday, reaching $206.50. 1,409,087 shares of the stock traded hands, compared to its average volume of 1,609,071. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $44.87 billion, a price-to-earnings ratio of 36.27, a PEG ratio of 2.55 and a beta of 1.00. Old Dominion Freight Line has a 12 month low of $165.49 and a 12 month high of $227.80. The company’s fifty day simple moving average is $179.40 and its 200 day simple moving average is $198.68.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.03. Old Dominion Freight Line had a net margin of 21.19% and a return on equity of 30.12%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the business earned $1.33 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities analysts predict that Old Dominion Freight Line will post 5.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Trust Co. of Vermont purchased a new stake in Old Dominion Freight Line in the fourth quarter valued at about $27,000. Farmers & Merchants Investments Inc. increased its holdings in shares of Old Dominion Freight Line by 100.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 124 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 62 shares during the period. Atwood & Palmer Inc. raised its stake in shares of Old Dominion Freight Line by 3,700.0% in the second quarter. Atwood & Palmer Inc. now owns 152 shares of the transportation company’s stock worth $27,000 after purchasing an additional 148 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in Old Dominion Freight Line in the 4th quarter worth approximately $29,000. Finally, Fortitude Family Office LLC lifted its stake in Old Dominion Freight Line by 103.0% during the 1st quarter. Fortitude Family Office LLC now owns 134 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 68 shares during the period. 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.