Old Dominion Freight Line (NASDAQ:ODFL) has been downgraded to Sell in a report by Zacks Investment Research today.
- Updated: October 3, 2016
Zacks Investment Research has downgraded Old Dominion Freight Line (NASDAQ:ODFL) to Sell in a statement released on Tuesday October 04, 2016.
Having a price of $68.68, Old Dominion Freight Line (NASDAQ:ODFL) traded 0.64% higher on the day. The last closing price is up 4.31% from the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the same period. ODFL has recorded a 50-day average of $69.02 and a 200-day moving average of $66.19. 443,298 shares of ODFL traded hands, down from an average trading volume of 489,344
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Old Dominion Freight Line has a one year low of $48.92 and a one year high of $72.45 with a PE ratio of 19.55 Old Dominion Freight Line’s total market value is presently $0.
A total of 15 firms have issued a report on ODFL. Four equity analysts rating the company a strong buy, four analysts rating the company a buy, 9 brokers rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 firms rating the company a sell with a 12-month price target of $71.40.
More About Old Dominion Freight Line (NASDAQ:ODFL)
Old Dominion Freight Line, Inc. is a less-than-truckload (LTL), union-free motor carrier company. The Company provides regional, inter-regional and national LTL services, which include ground and air expedited transportation, and consumer household pickup and delivery. The Company offers a range of other services that include container drayage, truckload brokerage, supply chain consulting and warehousing. The Company operates approximately 230 service center locations. The Company's network includes a range of breakbulk facilities located in Rialto, California; Atlanta, Georgia; Columbus, Ohio; Indianapolis, Indiana; Greensboro, North Carolina; Harrisburg, Pennsylvania; Memphis and Morristown, Tennessee; Dallas, Texas, and Salt Lake City, Utah, among others. The Company owns approximately 7,690 tractors.
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