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Old Dominion Freight (ODFL) Receives a Hold from Robert W. Baird

In a report issued on April 5, Garrett Holland from Robert W. Baird maintained a Hold rating on Old Dominion Freight (ODFLResearch Report), with a price target of $305.00. The company’s shares closed last Wednesday at $262.56, close to its 52-week low of $242.31.

According to TipRanks.com, Holland is a 3-star analyst with an average return of 2.4% and a 50.8% success rate. Holland covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Knight Transportation, and Werner Enterprises.

The word on The Street in general, suggests a Hold analyst consensus rating for Old Dominion Freight with a $334.55 average price target, implying a 25.9% upside from current levels. In a report issued on March 31, Deutsche Bank also reiterated a Hold rating on the stock with a $347.00 price target.

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Based on Old Dominion Freight’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.41 billion and net profit of $279 million. In comparison, last year the company earned revenue of $1.07 billion and had a net profit of $190 million.

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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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