Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Receives Consensus Rating of “Hold” from Brokerages

Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) have received an average recommendation of “Hold” from the twenty-three research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $202.65.

ODFL has been the topic of a number of research reports. Wells Fargo & Company decreased their target price on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Evercore ISI raised their target price on Old Dominion Freight Line from $199.00 to $202.00 and gave the stock an “in-line” rating in a research note on Thursday, February 6th. Barclays dropped their price objective on shares of Old Dominion Freight Line from $210.00 to $195.00 and set an “equal weight” rating for the company in a report on Monday, March 10th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Old Dominion Freight Line in a research note on Friday, March 7th. They set a “buy” rating and a $236.00 target price on the stock. Finally, The Goldman Sachs Group increased their price target on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th.

Old Dominion Freight Line Price Performance

NASDAQ:ODFL opened at $167.60 on Friday. The firm has a market cap of $35.62 billion, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. The stock has a 50 day moving average of $183.88 and a two-hundred day moving average of $194.05. Old Dominion Freight Line has a 12 month low of $157.67 and a 12 month high of $233.26. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.06. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. On average, analysts expect that Old Dominion Freight Line will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.28 dividend. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 18.98%.

Institutional Investors Weigh In On Old Dominion Freight Line

A number of hedge funds have recently added to or reduced their stakes in the business. Whipplewood Advisors LLC purchased a new stake in shares of Old Dominion Freight Line during the fourth quarter worth $35,000. Itau Unibanco Holding S.A. grew its stake in Old Dominion Freight Line by 518.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company’s stock worth $40,000 after purchasing an additional 192 shares in the last quarter. Synergy Asset Management LLC purchased a new stake in Old Dominion Freight Line during the 4th quarter worth about $41,000. RPg Family Wealth Advisory LLC purchased a new stake in Old Dominion Freight Line during the 3rd quarter worth about $45,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Old Dominion Freight Line in the 4th quarter valued at about $51,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.

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.