Citigroup Cuts Old Dominion Freight Line (NASDAQ:ODFL) Price Target to $186.00

Old Dominion Freight Line (NASDAQ:ODFL) had its price objective lowered by research analysts at Citigroup from $205.00 to $186.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Citigroup’s target price points to a potential upside of 6.29% from the company’s current price.

Several other equities analysts have also issued reports on the stock. Morgan Stanley lifted their target price on shares of 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. StockNews.com upgraded shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. Evercore ISI lifted their target price 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. The Goldman Sachs Group upped their price target on Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, Susquehanna reissued a “neutral” rating and issued a $195.00 target price (down previously from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $200.67.

Old Dominion Freight Line Trading Up 1.6 %

Shares of ODFL traded up $2.71 during trading hours on Tuesday, reaching $174.99. 3,026,045 shares of the company traded hands, compared to its average volume of 1,531,877. Old Dominion Freight Line has a 12 month low of $165.49 and a 12 month high of $233.26. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average price is $187.41 and its two-hundred day moving average price is $197.11. The company has a market capitalization of $37.19 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 2.89 and a beta of 1.05.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping 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 predict that Old Dominion Freight Line will post 5.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Old Dominion Freight Line

Several large investors have recently added to or reduced their stakes in ODFL. SevenBridge Financial Group LLC boosted its stake in shares of Old Dominion Freight Line by 2.0% during the 3rd quarter. SevenBridge Financial Group LLC now owns 2,611 shares of the transportation company’s stock worth $519,000 after purchasing an additional 50 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Old Dominion Freight Line by 0.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,888 shares of the transportation company’s stock valued at $2,163,000 after buying an additional 55 shares during the period. Hantz Financial Services Inc. lifted its holdings in Old Dominion Freight Line by 3.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,568 shares of the transportation company’s stock valued at $277,000 after acquiring an additional 55 shares during the period. D.A. Davidson & CO. grew its stake in shares of Old Dominion Freight Line by 1.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,888 shares of the transportation company’s stock worth $509,000 after purchasing an additional 55 shares during the period. Finally, Evergreen Private Wealth LLC increased its holdings in shares of Old Dominion Freight Line by 0.9% during the 4th quarter. Evergreen Private Wealth LLC now owns 6,651 shares of the transportation company’s stock valued at $1,173,000 after purchasing an additional 59 shares in the last quarter. 77.82% of the stock is owned by institutional investors.

Old Dominion Freight Line Company Profile

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.