Old Dominion Freight Line, Inc. (ODFL) With $145.57 Price Forms Double Top Pattern

April 16, 2018 - By Maria Fierro

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Corporate Logo

Big Money Sentiment increased to 1.22 in 2017 Q4. It has change of 0.08, from 2017Q3’s 1.14. The ratio is positive due to Old Dominion Freight Line, Inc. positioning: 23 sold and 120 reduced. 76 funds took holdings and 98 increased holdings. Investors holded 57.59 million in 2017Q3 but now own 60.74 million shares or 5.47% more.
Waverton Investment Mngmt Limited has invested 0.1% of its capital in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Schwab Charles Inv Management has invested 0.03% in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Shine Invest Advisory Inc has invested 0.05% of its capital in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Macquarie Group Limited holds 8,175 shs. Hl Service Ltd Company holds 0.17% or 68,165 shs in its capital. Mason Street Advsr Limited Liability, Wisconsin-based fund reported 33,685 shs. Pier Cap Ltd Liability Com has 0.1% invested in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) for 4,582 shs. Geode Mngmt Ltd Company owns 661,330 shs. Captrust Financial holds 0.01% or 1,052 shs. Us National Bank & Trust De, a Minnesota-based fund reported 22,795 shs. Tributary Capital Ltd Co reported 0.16% in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Price T Rowe Assoc Md owns 2.07 million shs. Cap Rech Glob invested 0.24% of its capital in Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Apg Asset Mgmt Nv stated it has 61,200 shs or 0.01% of all its holdings. Invesco Limited holds 0.05% in Old Dominion Freight Line, Inc. (NASDAQ:ODFL) or 1.02 million shs.

With $154.30 target Old Dominion Freight Line, Inc. (ODFL) makes a double top. That’s 6.00 % above today’s $145.57 stock price. Old Dominion Freight Line, Inc. (ODFL) has $11.99 billion market cap. Finviz.com posted the double top technical pattern on Apr, 16. The company’s valuation will be $719.46 million more at $154.30 target.

ODFL reached $145.565 on during the last trading session after $1.515 change.Currently Old Dominion Freight Line, Inc. is uptrending after 68.85% change in last April 16, 2017. ODFL has 3,560 shares volume. The stock outperformed the S&P 500 by 57.30%.

Analysts await Old Dominion Freight Line, Inc. (NASDAQ:ODFL) to report earnings on April, 26. They expect $1.24 EPS, up 55.00 % or $0.44 from last year’s $0.8 per share. ODFL’s profit will be $102.15M for 29.35 P/E if the $1.24 EPS becomes a reality. After $1.12 actual EPS reported by Old Dominion Freight Line, Inc. for the previous quarter, Wall Street now forecasts 10.71 % EPS growth.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Ratings Coverage

In total 12 analysts cover Old Dominion Freight (NASDAQ:ODFL). “Buy” rating has 4, “Sell” are 2, while 6 are “Hold”. 33% are bullish. With $156.0 highest and $111.0 lowest [Target] Old Dominion Freight has $141.36 average [Target] or -2.89% below the current ($145.565) price. 22 are the (NASDAQ:ODFL)’s analyst reports since October 26, 2017 according to StockzIntelligence Inc. In Monday, December 4 report Deutsche Bank downgraded the stock to “Sell” rating. On Tuesday, April 10 the stock of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has “Hold” rating given by Robert W. Baird. On Thursday, January 25 the rating was maintained by Stifel Nicolaus with “Hold”. On Thursday, October 26 the firm has “Hold” rating by Cowen & Co given. On Thursday, February 8 the rating was maintained by Stifel Nicolaus with “Hold”. On Thursday, October 26 the rating was maintained by KeyBanc Capital Markets with “Buy”. The stock rating was maintained by Bank of America with “Underperform” on Thursday, March 8. On Friday, October 27 Citigroup maintained Old Dominion Freight Line, Inc. (NASDAQ:ODFL) rating. Citigroup has “Neutral” rating and $120 target. On Tuesday, January 2 the rating was maintained by Stephens with “Buy”. On Friday, February 9 the rating was maintained by Buckingham Research with “Neutral”.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Institutional Investors Chart

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