Blurbs

Cowen & Co. Sticks to Its Hold Rating for Old Dominion Freight (ODFL)

In a report released today, Jason Seidl from Cowen & Co. reiterated a Hold rating on Old Dominion Freight (ODFLResearch Report), with a price target of $266.00. The company’s shares closed last Wednesday at $273.48.

According to TipRanks.com, Seidl is a top 25 analyst with an average return of 25.9% and a 71.5% success rate. Seidl covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Covenant Logistics Group, and Expeditors International.

Currently, the analyst consensus on Old Dominion Freight is a Hold with an average price target of $289.17, a 5.9% upside from current levels. In a report issued on July 12, Evercore ISI also maintained a Hold rating on the stock with a $301.00 price target.

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Old Dominion Freight’s market cap is currently $30.96B and has a P/E ratio of 27.89.

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Founded in 1934, Old Dominion Freight Line, Inc. is a North Carolina-based company, which provides regional, inter-regional, and national less-than-truckload (LTL) services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting.

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