Old Dominion (NASDAQ:ODFL) Rating Kept

In analysts report released on today, Cowen kept their “Market Perform” rating on Old Dominion (NASDAQ:ODFL)’s stock. The target indicates a potential upside of 5.59 % from firm’s last close price.

NASDAQ:ODFL is at the moment trading 3.55% higher at $90.22 as of 8:09 AM New York time. Old Dominion’s stock is 0% in the past 200 days. It has underperformed the S&P 500, which has added 11.71% in the same time.

Out of 15 analysts covering Old Dominion, 8 rate it a Buy, 9 indicate a Hold while 0 suggest a Sell. The highest target is $85 and the lowest is $64 according to Thomson/First Call. The 12-month mean target is $71.4, which means downside potential of 20.86% over the current price.

Institutional Ownership

Sib Llc had the biggest stake with ownership of 150,354 shares as of Q2 2015 for 8.33% of the US equity exposure. Knightsbridge Asset Management Llc is another notably bullish institutional investor who is having 102,410 shares of Old Dominion or 6.86% of their US equity exposure. In addition, Financial Engines Advisors L.L.C. have 4.93% of their US equity exposure invested in the company for 90,064 shares. The Connecticut-based fund Gillespie Robinson & Grimm Inc disclosed it had bought so far a stake worth about 3.34% of the institutional investor’s stock portfolio in Old Dominion. The Netherlands-based fund Spf Beheer Bv is also positive about the stock, possessing 301,840 shares or 3.07% of their US equity exposure.

Old Dominion (NASDAQ:ODFL) Profile

Old Dominion Freight Line, Inc. is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America. In addition to its LTL services, the Company offers a range of other value-added services that include container drayage, truckload brokerage, supply chain consulting and warehousing.

Old Dominion (NASDAQ:ODFL) traded up 3.55% on 27 April, hitting $90.22. A total of 713,041 shares of the company’s stock traded hands. This is up from average of 458,026 shares. Old Dominion has a 52 week low of $56.74 and a 52 week high of $94.97. The company has a market cap of $7.53B and a P/E ratio of 25.35.

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