Media stories about Old Dominion Freight Line (NASDAQ:ODFL) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Old Dominion Freight Line earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 47.5336803468944 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s rankings:
- Genesee & Wyoming (GWR) & Old Dominion Freight Line (ODFL) Head-To-Head Survey (americanbankingnews.com)
- Validea Motley Fool Strategy Daily Upgrade Report – 3/20/2018 – Nasdaq (nasdaq.com)
- Old Dominion Freight Line, Inc., (NASDAQ: ODFL) – Investor’s Roundup (Risk Factors in Focus) – Stock Watch (stocksnewstimes.com)
- Old Dominion Freight Line Chairman Receives Inaugural Diamond Legacy Award – PR Newswire (press release) (prnewswire.com)
Shares of Old Dominion Freight Line stock traded down $1.44 during trading hours on Thursday, hitting $149.13. The stock had a trading volume of 236,675 shares, compared to its average volume of 627,373. Old Dominion Freight Line has a 12 month low of $80.56 and a 12 month high of $152.50. The firm has a market capitalization of $12,352.87, a P/E ratio of 26.48, a P/E/G ratio of 1.05 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 company also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Tuesday, March 6th were paid a $0.13 dividend. The ex-dividend date was Monday, March 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.35%. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.10. Old Dominion Freight Line’s payout ratio is 9.25%.
A number of equities analysts have recently weighed in on ODFL shares. Seaport Global Securities reissued a “buy” rating on shares of Old Dominion Freight Line in a report on Tuesday, December 5th. Stifel Nicolaus reissued a “buy” rating and set a $117.00 price target (up previously from $111.00) on shares of Old Dominion Freight Line in a research report on Wednesday, December 13th. Credit Suisse Group reaffirmed a “buy” rating and issued a $142.00 target price (up previously from $128.00) on shares of Old Dominion Freight Line in a research report on Wednesday, December 6th. Zacks Investment Research upgraded 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 note on Saturday, January 6th. Finally, ValuEngine cut Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Old Dominion Freight Line presently has a consensus 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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