8.21 % to Target, Cowen Keeps ‘Market Perform’ Rating on Old Dominion (NASDAQ:ODFL) Shares Today

July 27, 2018 - By Jack Shaw

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Logo

Investors sentiment decreased to 1.08 in Q1 2018. Its down 0.14, from 1.22 in 2017Q4. It worsened, as 19 investors sold Old Dominion Freight Line, Inc. shares while 141 reduced holdings. 57 funds opened positions while 115 raised stakes. 57.66 million shares or 5.07% less from 60.74 million shares in 2017Q4 were reported.

Credit Agricole S A has invested 0.2% in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Citadel Advisors Ltd Limited Liability Company holds 0% or 6,878 shares. Advisor Llc reported 1,984 shares. Eaton Vance Mngmt, Massachusetts-based fund reported 20,000 shares. Liberty Mutual Asset Management holds 0.06% of its portfolio in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) for 13,466 shares. Alps Advsr stated it has 7,669 shares or 0.01% of all its holdings. Comm State Bank reported 1,719 shares. Greenwood Cap Associate Lc accumulated 1,700 shares. Nelson Van Denburg And Campbell Wealth Mngmt Lc holds 0.03% in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) or 1,020 shares. Cambridge Investment Research Inc invested in 2,625 shares or 0% of the stock. Oppenheimer Asset accumulated 0.07% or 18,350 shares. Rhumbline Advisers invested 0.04% of its portfolio in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Amer Intll Grp Inc Incorporated invested in 136,702 shares or 0.07% of the stock. Atria Invs Ltd Co owns 6,379 shares for 0.05% of their portfolio. The North Carolina-based Financial Bank Of America Corp De has invested 0% in Old Dominion Freight Line, Inc. (NASDAQ:ODFL).

Since May 23, 2018, it had 0 insider buys, and 1 sale for $118,752 activity.

Old Dominion (NASDAQ:ODFL) Rating Reaffirmed

Old Dominion (NASDAQ:ODFL) just had their share rating of a ‘Market Perform’ issued by research analysts at Cowen, who now has a $156 price target on the $11.85B market cap company or a 8.21 % upside potential. This key information was released in an analyst note on Friday, 27 July.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Ratings Coverage

Among 9 analysts covering Old Dominion Freight (NASDAQ:ODFL), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. Old Dominion Freight has $175 highest and $133 lowest target. $152.89’s average target is 6.05% above currents $144.17 stock price. Old Dominion Freight had 11 analyst reports since February 8, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, April 10 by Robert W. Baird. The rating was maintained by Buckingham Research on Friday, February 9 with “Neutral”. On Monday, July 2 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The firm has “Hold” rating given on Thursday, February 8 by Stifel Nicolaus. The firm has “Hold” rating by Stifel Nicolaus given on Friday, April 20. The stock of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has “Buy” rating given on Thursday, February 8 by Stephens. The firm earned “Underperform” rating on Thursday, March 8 by Bank of America. The stock of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has “Buy” rating given on Monday, March 5 by KeyBanc Capital Markets. The stock of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) earned “Overweight” rating by Morgan Stanley on Wednesday, February 21.

The stock decreased 2.56% or $3.79 during the last trading session, reaching $144.17. About 1.72M shares traded or 166.31% up from the average. Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has risen 71.80% since July 27, 2017 and is uptrending. It has outperformed by 59.23% the S&P500.

Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America. The company has market cap of $11.85 billion. It provides regional, inter-regional, and national LTL services, including ground and air expedited transportation, and consumer household pickup and delivery. It has a 23.4 P/E ratio. The firm also offers various value-added services comprising container drayage, truckload brokerage, supply chain consulting, and warehousing.

More recent Old Dominion Freight Line, Inc. (NASDAQ:ODFL) news were published by: Bizjournals.com which released: “PHOTOS: Exhibit at NC Transportation Museum highlights trucking company” on July 20, 2018. Also Fool.com published the news titled: “Old Dominion Freight Crushes Earnings Estimates on High Demand” on July 26, 2018. Streetinsider.com‘s news article titled: “Old Dominion Freight Line (ODFL) PT Raised to $170 at KeyBanc” with publication date: July 02, 2018 was also an interesting one.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Institutional Positions Chart

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