Dallas, Texas 01/03/2014 (FINANCIALSTRENDS) – Old Dominion Freight Line, Inc. (NASDAQ: ODFL), analysts believe is not yet done with, as the pan-nation logistics company continues to take on the best in the business. The share has been relative mixed in performance but better thatn what Con-Way had to show and definitely more than Arkansas Best as well as YRC Worldwide offerings.
Old Dominion Freight Line, Inc. (NASDAQ: ODFL) continues to dominate in the platform of services it provide- it continues to pedal its less-than truck load services profitably. Beside, the motor-carrier is bereft of union issues and provides services connecting local as well as inter-regional besides national level logistics. The value addition that the company offers is the less than truck load services which continues to bring in the customers for the company.
Old Dominion Freight Line, Inc. (NASDAQ: ODFL) analysts have time and again sought to comment on the fact that it is cheap stock, which however delivers over 21.4% in less than 10 years. Some back the company for its long freight lines, offering to put the trucking line among the best service provider in the industry.
Meanwhile, the company has delivered as per aspirations and continues to grow, thanks largely to the value-based services it has been able to build into its portfolio.
Old Dominion Freight Line, Inc. (NASDAQ: ODFL) has had a good run on the stock market in the pre-Christmas run up replancing Arch Coal and Regis on the S&P MidCap 400 index. This trucking company will also be joined by Brunswick on the same Index. Besides, analysts at Deutsche Bank have revised targets for trucking as well as transport companies, locking in – ODFL at the upgrade. The company recommends that this stock is a BUY and pushin it up from the earlier HOLD it had placed on it. The company has since revised the Price Target as well to $59 from $49.