Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Receives $203.33 Average PT from Brokerages

Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Get Free Report) have been assigned an average rating of "Hold" from the twenty-one research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $203.72.

A number of brokerages have recently commented on ODFL. Citigroup lifted their price target on shares of Old Dominion Freight Line from $201.00 to $241.00 and gave the stock a "neutral" rating in a report on Tuesday, November 12th. Jefferies Financial Group increased their price objective on Old Dominion Freight Line from $185.00 to $190.00 and gave the stock a "hold" rating in a research note on Friday, January 10th. 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 report on Thursday, December 12th. Argus downgraded Old Dominion Freight Line from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Bank of America cut their target price on shares of Old Dominion Freight Line from $237.00 to $204.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th.

Old Dominion Freight Line Price Performance

Shares of ODFL traded up $1.73 during midday trading on Monday, hitting $176.50. The company's stock had a trading volume of 2,123,312 shares, compared to its average volume of 1,522,491. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line has a one year low of $165.49 and a one year high of $233.26. The stock has a market capitalization of $37.68 billion, a price-to-earnings ratio of 32.21, a price-to-earnings-growth ratio of 2.89 and a beta of 1.05. The company's fifty day simple moving average is $187.56 and its two-hundred day simple moving average is $197.25.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) 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%. As a group, equities 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, March 5th. This is a boost from Old Dominion Freight Line's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. Old Dominion Freight Line's payout ratio is currently 18.98%.

Institutional Investors Weigh In On Old Dominion Freight Line

Several large investors have recently added to or reduced their stakes in ODFL. Whipplewood Advisors LLC purchased a new stake in shares of Old Dominion Freight Line in the 4th quarter worth approximately $35,000. Itau Unibanco Holding S.A. grew its position 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 during the period. Synergy Asset Management LLC purchased a new stake in Old Dominion Freight Line during the fourth quarter worth $41,000. RPg Family Wealth Advisory LLC acquired a new stake in Old Dominion Freight Line in the third quarter valued at approximately $45,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Old Dominion Freight Line during the 4th quarter worth about $51,000. 77.82% of the stock is owned by hedge funds and other institutional investors.

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.