Old Dominion Freight Line (NASDAQ:ODFL) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 2, 2016
Displaying a price of $66.98, Old Dominion Freight Line (NASDAQ:ODFL) traded 1.92% higher on the day. The last stock close price is up 3.61% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Old Dominion Freight Line has recorded a 50-day average of $69.03 and a two hundred day average of $66.22. 676,984 shares of the stock traded hands, up from an average trading volume of 488,025
Zacks Investment Research has downgraded Old Dominion Freight Line (NASDAQ:ODFL) to Sell in a statement released on 9/28/2016.
On 4/29/2016, Cowen released a statement on Old Dominion Freight Line (NASDAQ:ODFL) upped the target price from $65.00 to $69.00 that suggested an upside of 0.04%.
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Old Dominion Freight Line has a 52 week low of $48.92 and a 52 week high of $72.45 with a P/E ratio of 19.43 ODFL’s total market value is presently $0.
A total of 15 equity analysts have released a report on Old Dominion Freight Line. 4 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 9 firms rating the stock a hold, zero analysts rating the company a underperform, and finally zero brokerages rating the stock a sell with a average stock price target of $71.40.
Brief Synopsis On 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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