Media stories about Old Dominion Freight Line (NASDAQ:ODFL) have been trending somewhat positive on Sunday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Old Dominion Freight Line earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the transportation company an impact score of 46.6789574231742 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- $1.24 Earnings Per Share Expected for Old Dominion Freight Line (ODFL) This Quarter (americanbankingnews.com)
- Change at the top for national LTL powerhouse ODFL: Congdon retiring, Gantt to take over as CEO – Logistics Management (logisticsmgmt.com)
- Change in leadership planned at Old Dominion (bizjournals.com)
- Old Dominion Freight Line sets succession plan (seekingalpha.com)
- Old Dominion Freight Line Announces Planned Executive Leadership Team Transition (finance.yahoo.com)
Shares of Old Dominion Freight Line (NASDAQ ODFL) traded up $5.08 during trading hours on Friday, hitting $147.59. The stock had a trading volume of 580,390 shares, compared to its average volume of 605,683. Old Dominion Freight Line has a 12 month low of $80.56 and a 12 month high of $150.31. The company has a market capitalization of $12,157.58, a PE ratio of 26.26 and a beta of 1.24. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.02.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Tuesday, March 6th will be paid a $0.13 dividend. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Monday, March 5th. Old Dominion Freight Line’s payout ratio is 9.25%.
A number of equities analysts have weighed in on ODFL shares. Zacks Investment Research raised Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research report on Saturday, January 6th. Deutsche Bank downgraded Old Dominion Freight Line from a “hold” rating to a “sell” rating and lowered their price target for the stock from $119.00 to $101.00 in a research report on Monday, December 4th. Stifel Nicolaus reissued a “hold” rating and set a $134.00 price target on shares of Old Dominion Freight Line in a research report on Thursday, January 18th. Bank of America boosted their price objective on Old Dominion Freight Line from $127.00 to $133.00 and gave the stock an “underperform” rating in a report on Thursday. Finally, Morgan Stanley restated an “overweight” rating and set a $150.00 price objective (up previously from $99.00) on shares of Old Dominion Freight Line in a report on Wednesday, February 21st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $129.58.
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About Old Dominion Freight Line
Old Dominion Freight Line, Inc is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America.
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