KeyBanc Believes Old Dominion Freight (NASDAQ: ODFL) Won’t Stop Here

By Jason Carr

KeyBanc analyst Todd Fowler reiterated a Buy rating on Old Dominion Freight (NASDAQ: ODFL) on December 5 and set a price target of $138. The company’s shares closed yesterday at $128.59, close to its 52-week high of $130.71.

According to TipRanks.com, Fowler is a 5-star analyst with an average return of 20.1% and a 77.9% success rate. Fowler covers the Services sector, focusing on stocks such as Schneider National Inc, Knight Transportation, and Quality Distribution.

Currently, the analyst consensus on Old Dominion Freight is Hold and the average price target is $115.86, representing a -9.9% downside.

In a report released yesterday, Credit Suisse also reiterated a Buy rating on the stock with a $142 price target.

Based on Old Dominion Freight’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $873 million and quarterly net profit of $102 million. In comparison, last year the company earned revenue of $783 million and had a net profit of $85.58 million.

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Old Dominion Freight Line, Inc. engages in the provision of less-than-truckload services, which include ground and air expedited transportation, and consumer household pickup and delivery. Its services include container drayage, truckload brokerage, supply chain consulting, and warehousing.