Brokerage Firm Rating Update on Old Dominion Freight Line (ODFL)

Old Dominion Freight Line (ODFL) : 1 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 Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Hold with a rating of 2.61.

Old Dominion Freight Line (ODFL) : 7 Wall Street analysts covering Old Dominion Freight Line (ODFL) believe that the average level the stock could reach for the short term is $70.43. The maximum price target given is $75 and the minimum target for short term is around $60, hence the standard deviation is calculated at $5.13.


Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Deutsche Bank maintains its ratings on Old Dominion Freight Line (NASDAQ:ODFL). In the latest research report, Deutsche Bank raises the target price from $67 per share to $71 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on July 29, 2016.

Old Dominion Freight Line (NASDAQ:ODFL): The stock opened at $69.91 and touched an intraday high of $70.64 on Wednesday. During the day, the stock corrected to an intraday low of $69.21, however, the bulls stepped in and pushed the price higher to close in the green at $70.57 with a gain of 0.68% for the day. The total traded volume for the day was 440,282. The stock had closed at $70.09 in the previous trading session.

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.