Old Dominion Freight Line (ODFL) : Analyst Rating Update

Old Dominion Freight Line (ODFL) : 2 brokerage houses believe that Old Dominion Freight Line (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 (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 (ODFL) : The consensus price target for Old Dominion Freight Line (ODFL) is $69.75 for the short term with a standard deviation of $7.63. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $85, however, the pessimist price target for the company is $60.

Old Dominion Freight Line (NASDAQ:ODFL): The stock opened at $60.16 on Wednesday but the bulls could not build on the opening and the stock topped out at $60.42 for the day. The stock traded down to $59.55 during the day, due to lack of any buying support eventually closed down at $60.17 with a loss of -0.36% for the day. The stock had closed at $60.39 on the previous day. The total traded volume was 513,815 shares.

Also, Major Brokerage house, Stifel Nicolaus downgrades its ratings on Old Dominion Freight Line (NASDAQ:ODFL). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 28, 2016. The company shares have dropped -9.49% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $74.86 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $61.28 and the 200 Day Moving Average price is recorded at $62.56.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.