Old Dominion Freight Line, Inc. (NASDAQ:ODFL)‘s stock had its “hold” rating reissued by equities research analysts at Cowen and Company in a research note issued on Friday. They presently have a $100.00 target price on the transportation company’s stock. Cowen and Company’s target price would indicate a potential upside of 0.10% from the stock’s current price.

ODFL has been the subject of a number of other research reports. BidaskClub downgraded Old Dominion Freight Line from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Buckingham Research assumed coverage on Old Dominion Freight Line in a research report on Monday, August 21st. They issued a “neutral” rating and a $105.00 target price for the company. Zacks Investment Research downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Deutsche Bank AG downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating and dropped their target price for the stock from $108.00 to $98.00 in a research report on Monday, July 31st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $91.00 target price on shares of Old Dominion Freight Line in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Old Dominion Freight Line has an average rating of “Hold” and a consensus price target of $99.20.

Old Dominion Freight Line (NASDAQ:ODFL) opened at 99.90 on Friday. The company has a market cap of $8.23 billion, a PE ratio of 25.87 and a beta of 1.08. The stock has a 50 day moving average of $96.97 and a 200-day moving average of $91.22. Old Dominion Freight Line has a 12-month low of $66.33 and a 12-month high of $103.51.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Thursday, July 27th. The transportation company reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.09. The business had revenue of $839.90 million during the quarter, compared to analyst estimates of $824.68 million. Old Dominion Freight Line had a return on equity of 16.87% and a net margin of 10.19%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. On average, equities research analysts anticipate that Old Dominion Freight Line will post $4.14 earnings per share for the current fiscal year.

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In related news, Vice Chairman David S. Congdon sold 575 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $97.83, for a total value of $56,252.25. Following the sale, the insider now directly owns 9,516 shares of the company’s stock, valued at $930,950.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.00% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Laurion Capital Management LP bought a new stake in Old Dominion Freight Line during the first quarter worth approximately $975,000. Bank of Montreal Can boosted its stake in Old Dominion Freight Line by 838.5% in the first quarter. Bank of Montreal Can now owns 40,544 shares of the transportation company’s stock worth $3,469,000 after buying an additional 36,224 shares in the last quarter. Whittier Trust Co. boosted its stake in Old Dominion Freight Line by 2.6% in the second quarter. Whittier Trust Co. now owns 31,821 shares of the transportation company’s stock worth $3,031,000 after buying an additional 809 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Old Dominion Freight Line by 11.4% in the second quarter. Pacer Advisors Inc. now owns 12,184 shares of the transportation company’s stock worth $1,160,000 after buying an additional 1,243 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Old Dominion Freight Line by 54.5% in the first quarter. Legal & General Group Plc now owns 67,994 shares of the transportation company’s stock worth $5,819,000 after buying an additional 23,994 shares in the last quarter. 73.92% of the stock is currently owned by hedge funds and other institutional investors.

About Old Dominion Freight Line

Old Dominion Freight Line, Inc is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America.

Analyst Recommendations for Old Dominion Freight Line (NASDAQ:ODFL)

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