Susquehanna Lowers Old Dominion Freight Line (NASDAQ:ODFL) Price Target to $171.00

Old Dominion Freight Line (NASDAQ:ODFL) had its price target lowered by analysts at Susquehanna from $210.00 to $171.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price would indicate a potential upside of 3.73% from the stock’s current price.

A number of other equities research analysts have also issued reports on ODFL. The Goldman Sachs Group increased their target price on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft began coverage on Old Dominion Freight Line in a research note on Friday, March 7th. They issued a “buy” rating and a $236.00 price objective on the stock. Barclays decreased their target price on Old Dominion Freight Line from $210.00 to $195.00 and set an “equal weight” rating for the company in a report on Monday, March 10th. StockNews.com lowered Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Citigroup decreased their price objective on Old Dominion Freight Line from $205.00 to $186.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Old Dominion Freight Line presently has a consensus rating of “Hold” and an average price target of $200.20.

Old Dominion Freight Line Price Performance

ODFL opened at $164.85 on Monday. The stock’s 50-day moving average price is $182.63 and its 200 day moving average price is $193.59. Old Dominion Freight Line has a 12-month low of $157.67 and a 12-month high of $233.26. The firm has a market cap of $35.04 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 2.89 and a beta of 1.10. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. As a group, sell-side analysts expect that Old Dominion Freight Line will post 5.68 earnings per share for the current year.

Institutional Trading of Old Dominion Freight Line

Large investors have recently made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in Old Dominion Freight Line in the fourth quarter valued at approximately $35,000. Itau Unibanco Holding S.A. increased its holdings in shares of Old Dominion Freight Line by 518.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 192 shares during the period. Synergy Asset Management LLC purchased a new stake in Old Dominion Freight Line in the 4th quarter valued at $41,000. Murphy & Mullick Capital Management Corp acquired a new stake in Old Dominion Freight Line during the 4th quarter worth $51,000. Finally, CoreCap Advisors LLC boosted its stake in Old Dominion Freight Line by 98.2% during the 4th quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company’s stock worth $60,000 after purchasing an additional 168 shares during the period. 77.82% of the stock is 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.