Old Dominion Freight Line, Inc. (NASDAQ:ODFL)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a research note issued on Friday. They presently have a $91.00 price objective on the transportation company’s stock. Stifel Nicolaus’ price target points to a potential downside of 8.99% from the stock’s current price.

A number of other research analysts have also issued reports on ODFL. Zacks Investment Research upgraded shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research note on Tuesday, March 21st. Vertical Research reiterated a “hold” rating and issued a $83.00 target price on shares of Old Dominion Freight Line in a research note on Thursday, April 13th. Cowen and Company raised their target price on shares of Old Dominion Freight Line from $88.00 to $92.00 and gave the company a “market perform” rating in a research note on Thursday, April 27th. Bank of America Corporation upgraded shares of Old Dominion Freight Line from an “underperform” rating to a “neutral” rating and raised their target price for the company from $83.00 to $96.00 in a research note on Tuesday, June 6th. Finally, BidaskClub upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $96.78.

Old Dominion Freight Line (NASDAQ:ODFL) opened at 99.99 on Friday. Old Dominion Freight Line has a one year low of $60.53 and a one year high of $100.39. The firm has a 50-day moving average of $90.60 and a 200-day moving average of $88.34. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 27.45 and a beta of 1.08.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Thursday, April 27th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Old Dominion Freight Line had a net margin of 9.92% and a return on equity of 16.52%. The business had revenue of $754.10 million for the quarter, compared to analyst estimates of $751.84 million. During the same period last year, the business posted $0.72 EPS. Old Dominion Freight Line’s revenue was up 6.6% compared to the same quarter last year. Analysts anticipate that Old Dominion Freight Line will post $3.99 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 6th were given a $0.10 dividend. The ex-dividend date was Friday, June 2nd. This represents a $0.40 annualized dividend and a yield of 0.40%. Old Dominion Freight Line’s dividend payout ratio is 10.99%.

ILLEGAL ACTIVITY WARNING: “Stifel Nicolaus Reiterates Hold Rating for Old Dominion Freight Line, Inc. (ODFL)” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/07/15/stifel-nicolaus-reiterates-hold-rating-for-old-dominion-freight-line-inc-odfl.html.

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Old Dominion Freight Line by 11,389.2% in the first quarter. BlackRock Inc. now owns 5,400,851 shares of the transportation company’s stock valued at $462,150,000 after buying an additional 5,353,843 shares in the last quarter. William Blair Investment Management LLC raised its stake in Old Dominion Freight Line by 24.9% in the fourth quarter. William Blair Investment Management LLC now owns 5,187,814 shares of the transportation company’s stock valued at $306,444,000 after buying an additional 1,035,743 shares in the last quarter. Atlantic Trust Group LLC raised its stake in Old Dominion Freight Line by 111.7% in the fourth quarter. Atlantic Trust Group LLC now owns 1,739,134 shares of the transportation company’s stock valued at $102,731,000 after buying an additional 917,615 shares in the last quarter. Norges Bank bought a new stake in Old Dominion Freight Line during the fourth quarter valued at about $43,371,000. Finally, Fiera Capital Corp bought a new stake in Old Dominion Freight Line during the second quarter valued at about $40,811,000. Institutional investors own 74.65% of the company’s stock.

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.

Analyst Recommendations for Old Dominion Freight Line (NASDAQ:ODFL)

Receive News & Ratings for Old Dominion Freight Line Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Dominion Freight Line Inc. and related companies with MarketBeat.com's FREE daily email newsletter.