Analyst Rating Update on Old Dominion Freight Line (ODFL)

Old Dominion Freight Line (NASDAQ:ODFL) : 2 brokerage houses believe that Old Dominion Freight Line (NASDAQ:ODFL) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Old Dominion Freight Line (NASDAQ:ODFL). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.45.

Old Dominion Freight Line (NASDAQ:ODFL) : The highest level Old Dominion Freight Line (NASDAQ:ODFL) is projected to reach is $85 for the short term and the lowest estimate is at $60. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $69.75 and the possibility the share price can swing is $7.63.

For the current week, the company shares have a recommendation consensus of Buy.

Old Dominion Freight Line (NASDAQ:ODFL): stock turned positive on Tuesday. Though the stock opened at $57.73, the bulls momentum made the stock top out at $58.55 level for the day. The stock recorded a low of $56.95 and closed the trading day at $57.74, in the green by 1.03%. The total traded volume for the day was 820,282. The stock had closed at $57.15 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Congdon David S, director officer (Vice Chairman and CEO) of Old Dominion Freight Line Inc/Va, had unloaded 2,200 shares at an average price of $65.41 in a transaction dated on May 10, 2016. The total value of the transaction was worth $143,902.

Old Dominion Freight Line, Inc. (Old Dominion) is a less-than-truckload (LTL) motor carrier providing regional, inter-regional and national LTL service and logistics services. In addition to its LTL services, it offers a range of services including international freight forwarding, ground and air expedited transportation, container delivery, truckload brokerage, supply chain consulting, warehousing and consumer household pickup and delivery. Its infrastructure allows it to provide next-day and second-day service within each of its six regions covering the continental United States, as well as inter-regional and national service between these regions. As of December 31, 2014, it operated through 222 service center locations, of which it owned 176 and leased 46. As of December 31, 2014, it owned 6,907 tractors. As of December 31, 2014, it owned 27,259 trailers.

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