Shares of Old Dominion Freight Line (NASDAQ:ODFL) have earned a consensus rating of “Hold” from the sixteen analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $148.00.

ODFL has been the topic of several research reports. Bank of America increased their price target on shares of Old Dominion Freight Line from $139.00 to $143.00 and gave the stock an “underperform” rating in a report on Thursday, August 30th. BidaskClub cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Buckingham Research raised their price objective on shares of Old Dominion Freight Line from $155.00 to $162.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. Morgan Stanley raised their price objective on shares of Old Dominion Freight Line from $158.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, October 9th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Old Dominion Freight Line in a research note on Friday, July 27th.

NASDAQ:ODFL traded down $2.19 during midday trading on Friday, hitting $136.81. The company’s stock had a trading volume of 12,047 shares, compared to its average volume of 613,792. Old Dominion Freight Line has a fifty-two week low of $107.68 and a fifty-two week high of $170.22. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.02. The company has a market cap of $13.22 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 0.92 and a beta of 1.18.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings results on Thursday, July 26th. The transportation company reported $1.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.17. Old Dominion Freight Line had a net margin of 15.37% and a return on equity of 20.31%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company earned $1.19 EPS. Old Dominion Freight Line’s quarterly revenue was up 23.1% on a year-over-year basis. Equities research analysts predict that Old Dominion Freight Line will post 6.94 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 20th. Stockholders of record on Thursday, September 6th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, September 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.38%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 11.93%.

Several large investors have recently made changes to their positions in the company. MERIAN GLOBAL INVESTORS UK Ltd lifted its position in shares of Old Dominion Freight Line by 5,010.3% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 254,850 shares of the transportation company’s stock valued at $41,097,000 after buying an additional 249,863 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in shares of Old Dominion Freight Line by 5.9% during the 3rd quarter. GHP Investment Advisors Inc. now owns 18,298 shares of the transportation company’s stock valued at $2,951,000 after buying an additional 1,017 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Old Dominion Freight Line by 4.4% during the 3rd quarter. Gateway Investment Advisers LLC now owns 143,601 shares of the transportation company’s stock valued at $23,157,000 after buying an additional 6,004 shares in the last quarter. First Hawaiian Bank purchased a new position in shares of Old Dominion Freight Line during the 3rd quarter valued at approximately $725,000. Finally, Gradient Investments LLC purchased a new position in Old Dominion Freight Line in the 3rd quarter valued at $137,000. Hedge funds and other institutional investors own 72.45% of the company’s stock.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including ground and air expedited transportation, and consumer household pickup and delivery. The company also offers various value-added services comprising container drayage, truckload brokerage, supply chain consulting, and warehousing.

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Analyst Recommendations for Old Dominion Freight Line (NASDAQ:ODFL)

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