Old Dominion Freight Line (NASDAQ:ODFL) PT Lowered to $210.00

Old Dominion Freight Line (NASDAQ:ODFL) had its target price cut by Susquehanna from $245.00 to $210.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a positive rating on the transportation company’s stock.

Other analysts have also issued research reports about the stock. Wells Fargo & Company initiated coverage on shares of Old Dominion Freight Line in a research report on Friday, June 7th. They issued an underweight rating and a $175.00 price target on the stock. Robert W. Baird raised shares of Old Dominion Freight Line from a neutral rating to an outperform rating and set a $205.00 target price on the stock in a report on Wednesday, May 8th. BMO Capital Markets started coverage on shares of Old Dominion Freight Line in a report on Wednesday, June 5th. They set an outperform rating and a $210.00 target price on the stock. Bank of America decreased their target price on shares of Old Dominion Freight Line from $205.00 to $192.00 and set a neutral rating on the stock in a report on Thursday, June 6th. Finally, TD Cowen decreased their target price on shares of Old Dominion Freight Line from $209.00 to $206.00 and set a hold rating on the stock in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Old Dominion Freight Line presently has a consensus rating of Hold and an average price target of $204.97.

Old Dominion Freight Line Stock Performance

NASDAQ ODFL opened at $174.79 on Wednesday. The company’s 50 day moving average is $190.49 and its 200-day moving average is $201.86. Old Dominion Freight Line has a 12-month low of $153.17 and a 12-month high of $227.80. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.01. The firm has a market cap of $37.98 billion, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.01. Old Dominion Freight Line had a net margin of 21.19% and a return on equity of 30.12%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. Sell-side analysts predict that Old Dominion Freight Line will post 6.01 earnings per share for the current year.

Old Dominion Freight Line Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 5th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.59%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 18.31%.

Institutional Investors Weigh In On Old Dominion Freight Line

Institutional investors have recently made changes to their positions in the business. Cornerstone Advisors LLC purchased a new stake in Old Dominion Freight Line during the 3rd quarter valued at $1,800,000. First Heartland Consultants Inc. purchased a new stake in Old Dominion Freight Line during the 3rd quarter valued at $201,000. Rhumbline Advisers boosted its position in Old Dominion Freight Line by 3.9% during the 3rd quarter. Rhumbline Advisers now owns 216,696 shares of the transportation company’s stock valued at $88,659,000 after buying an additional 8,061 shares during the period. E Fund Management Co. Ltd. boosted its position in Old Dominion Freight Line by 20.5% during the 3rd quarter. E Fund Management Co. Ltd. now owns 1,172 shares of the transportation company’s stock valued at $480,000 after buying an additional 199 shares during the period. Finally, Himension Capital Singapore PTE. LTD. purchased a new stake in Old Dominion Freight Line during the 3rd quarter valued at $288,000. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.