Old Dominion Freight Line (ODFL) : The consensus on Old Dominion Freight Line (ODFL) based on 9 analyst recommendation on the company stock is 2.61, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Old Dominion Freight Line (ODFL) : Currently there are 7 street experts covering Old Dominion Freight Line (ODFL) stock. The most bullish and bearish price target for the stock is $75 and $60 respectively for the short term. The average price target of all the analysts comes to $70.43. The estimated standard deviation from the target is $5.13.
Company shares have received an average consensus rating of Hold for the current week Old Dominion Freight Line (NASDAQ:ODFL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.96 and $69.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.09, notching a gain of 0.49% for the day. The total traded volume was 469,688 . The stock had closed at $69.75 on the previous day.
In a related news, 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.