Shares of Old Dominion Freight Line (NASDAQ:ODFL) have received a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $147.36.
Several research analysts have recently weighed in on ODFL shares. Morgan Stanley increased their price objective on shares of Old Dominion Freight Line from $158.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, October 9th. Buckingham Research cut their price objective on shares of Old Dominion Freight Line from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Friday, October 26th. Bank of America increased their price objective on shares of Old Dominion Freight Line from $139.00 to $143.00 and gave the stock an “underperform” rating in a report on Thursday, August 30th. BidaskClub lowered shares of Old Dominion Freight Line from a “sell” rating to a “strong sell” rating in a report on Friday, October 19th. Finally, ValuEngine upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th.
NASDAQ:ODFL opened at $136.73 on Monday. The stock has a market capitalization of $11.18 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 0.76 and a beta of 1.41. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.92 and a current ratio of 1.92. Old Dominion Freight Line has a 12-month low of $118.73 and a 12-month high of $170.22.
Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Thursday, October 25th. The transportation company reported $2.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.97 by $0.15. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. Old Dominion Freight Line had a net margin of 16.47% and a return on equity of 22.13%. Analysts forecast that Old Dominion Freight Line will post 7.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, December 5th. This represents a $0.52 annualized dividend and a dividend yield of 0.38%. Old Dominion Freight Line’s payout ratio is currently 11.93%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Architects Inc acquired a new stake in Old Dominion Freight Line during the 2nd quarter worth approximately $120,000. Stratos Wealth Partners LTD. acquired a new stake in Old Dominion Freight Line during the 3rd quarter worth approximately $120,000. Signaturefd LLC increased its position in Old Dominion Freight Line by 2,308.6% during the 2nd quarter. Signaturefd LLC now owns 843 shares of the transportation company’s stock worth $126,000 after purchasing an additional 808 shares in the last quarter. Gradient Investments LLC acquired a new stake in Old Dominion Freight Line during the 3rd quarter worth approximately $137,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Old Dominion Freight Line during the 3rd quarter worth approximately $142,000. 73.15% of the stock is owned by hedge funds and other institutional investors.
About Old Dominion Freight Line
Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including ground and air expedited transportation, and consumer household pickup and delivery. The company also offers various value-added services comprising container drayage, truckload brokerage, supply chain consulting, and warehousing.
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