Old Dominion Freight Line (NASDAQ:ODFL)‘s stock had its “buy” rating reiterated by research analysts at Seaport Global Securities in a report issued on Tuesday. Seaport Global Securities also issued estimates for Old Dominion Freight Line’s Q4 2017 earnings at $1.09 EPS, FY2017 earnings at $4.32 EPS, Q1 2018 earnings at $1.00 EPS, Q2 2018 earnings at $1.38 EPS, Q3 2018 earnings at $1.39 EPS, Q4 2018 earnings at $1.23 EPS, FY2018 earnings at $5.00 EPS, Q1 2019 earnings at $1.15 EPS, Q2 2019 earnings at $1.58 EPS, Q3 2019 earnings at $1.61 EPS and FY2019 earnings at $5.75 EPS.

Several other research firms also recently weighed in on ODFL. Citigroup lifted their target price on Old Dominion Freight Line from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. KeyCorp boosted their price objective on Old Dominion Freight Line from $125.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday. Buckingham Research boosted their price objective on Old Dominion Freight Line from $105.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Stifel Nicolaus reissued a “hold” rating and set a $111.00 price objective on shares of Old Dominion Freight Line in a research report on Thursday, October 26th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $119.00 price objective (up from $110.00) on shares of Old Dominion Freight Line in a research report on Thursday, October 12th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $112.00.

Shares of Old Dominion Freight Line (NASDAQ:ODFL) opened at $129.63 on Tuesday. The stock has a market cap of $10,592.72, a PE ratio of 31.67, a P/E/G ratio of 1.88 and a beta of 1.20. Old Dominion Freight Line has a fifty-two week low of $80.56 and a fifty-two week high of $130.71. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.44 and a quick ratio of 1.44.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Thursday, October 26th. The transportation company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.08. The company had revenue of $872.99 million during the quarter, compared to the consensus estimate of $855.85 million. Old Dominion Freight Line had a return on equity of 17.09% and a net margin of 10.43%. Old Dominion Freight Line’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. equities analysts predict that Old Dominion Freight Line will post 4.3 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC purchased a new stake in shares of Old Dominion Freight Line during the second quarter worth approximately $266,855,000. William Blair Investment Management LLC raised its stake in shares of Old Dominion Freight Line by 7.9% during the second quarter. William Blair Investment Management LLC now owns 2,625,605 shares of the transportation company’s stock worth $250,063,000 after purchasing an additional 191,911 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Old Dominion Freight Line by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 2,092,478 shares of the transportation company’s stock worth $227,557,000 after purchasing an additional 169,109 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Old Dominion Freight Line by 8.1% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,099,932 shares of the transportation company’s stock worth $199,998,000 after purchasing an additional 157,362 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Old Dominion Freight Line by 228.1% during the second quarter. Prudential Financial Inc. now owns 159,872 shares of the transportation company’s stock worth $15,226,000 after purchasing an additional 111,140 shares during the last quarter. Institutional investors own 72.45% of the company’s stock.

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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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