Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Get Free Report) have received a consensus recommendation of “Hold” from the nineteen research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $200.55.
Several research analysts have commented on ODFL shares. JPMorgan Chase & Co. decreased their price target on shares of Old Dominion Freight Line from $231.00 to $219.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Susquehanna decreased their target price on shares of Old Dominion Freight Line from $245.00 to $210.00 and set a “positive” rating on the stock in a research report on Wednesday, June 12th. BMO Capital Markets initiated coverage on shares of Old Dominion Freight Line in a research report on Wednesday, June 5th. They set an “outperform” rating and a $210.00 price target for the company. TD Cowen decreased their price objective on 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. Finally, Evercore ISI reissued an “in-line” rating and issued a $196.00 target price (down previously from $225.00) on shares of Old Dominion Freight Line in a research note on Tuesday, June 25th.
View Our Latest Analysis on ODFL
Institutional Inflows and Outflows
Old Dominion Freight Line Trading Down 1.6 %
NASDAQ ODFL opened at $195.46 on Friday. 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 stock’s 50-day simple moving average is $178.48 and its two-hundred day simple moving average is $198.69. Old Dominion Freight Line has a twelve month low of $165.49 and a twelve month high of $227.80. The company has a market capitalization of $42.47 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 2.68 and a beta of 1.00.
Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.01. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Old Dominion Freight Line had a return on equity of 30.12% and a net margin of 21.19%. Research analysts forecast that Old Dominion Freight Line will post 5.9 EPS for the current fiscal year.
Old Dominion Freight Line Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.53%. Old Dominion Freight Line’s payout ratio 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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