Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Get Free Report) has earned an average recommendation of “Hold” from the nineteen research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $204.97.
Several equities analysts have weighed in on the stock. Evercore ISI lowered their price objective on shares of Old Dominion Freight Line from $241.00 to $225.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. JPMorgan Chase & Co. dropped their price target on Old Dominion Freight Line from $231.00 to $219.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Barclays decreased their price objective on Old Dominion Freight Line from $205.00 to $195.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 12th. Susquehanna dropped their target price on Old Dominion Freight Line from $245.00 to $210.00 and set a “positive” rating on the stock in a report on Wednesday, June 12th. Finally, UBS Group increased their price target on shares of Old Dominion Freight Line from $202.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th.
Read Our Latest Report on Old Dominion Freight Line
Institutional Inflows and Outflows
Old Dominion Freight Line Trading Up 0.1 %
Shares of NASDAQ:ODFL opened at $174.89 on Wednesday. The company has a 50 day moving average of $182.99 and a 200-day moving average of $200.49. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.01. The firm has a market cap of $38.00 billion, a P/E ratio of 30.79, a P/E/G ratio of 2.25 and a beta of 1.02. Old Dominion Freight Line has a twelve month low of $162.77 and a twelve month high of $227.80.
Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) last announced its earnings results on Wednesday, April 24th. The transportation company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.01. Old Dominion Freight Line had a return on equity of 30.12% and a net margin of 21.19%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. As a group, analysts anticipate that Old Dominion Freight Line will post 5.98 earnings per share for the current fiscal year.
Old Dominion Freight Line Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 5th were given a $0.26 dividend. The ex-dividend date was 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 currently 18.31%.
About Old Dominion Freight Line
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.
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