StockNews.com downgraded shares of Old Dominion Freight Line (NASDAQ:ODFL - Free Report) from a hold rating to a sell rating in a research report released on Saturday morning.
Several other research firms have also recently issued reports on ODFL. Susquehanna reissued a "neutral" rating and issued a $195.00 target price (down from $218.00) on shares of Old Dominion Freight Line in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of Old Dominion Freight Line in a report on Friday, March 7th. They issued a "buy" rating and a $236.00 price target on the stock. Stifel Nicolaus upgraded Old Dominion Freight Line from a "hold" rating to a "buy" rating and upped their price objective for the stock from $193.00 to $200.00 in a report on Monday, February 24th. Wells Fargo & Company reduced their target price on Old Dominion Freight Line from $185.00 to $160.00 and set an "underweight" rating on the stock in a report on Thursday, March 27th. Finally, Morgan Stanley boosted their price target on Old Dominion Freight Line from $165.00 to $170.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $200.20.
View Our Latest Research Report on Old Dominion Freight Line
Old Dominion Freight Line Trading Up 0.4 %
NASDAQ ODFL traded up $0.69 during mid-day trading on Friday, reaching $166.14. 426,153 shares of the stock were exchanged, compared to its average volume of 1,621,261. The stock has a market capitalization of $35.31 billion, a PE ratio of 30.31, a PEG ratio of 2.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. Old Dominion Freight Line has a 1-year low of $157.67 and a 1-year high of $233.26. The business's fifty day simple moving average is $182.14 and its 200 day simple moving average is $193.41.
Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.28 per share. This is a boost from Old Dominion Freight Line's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Wednesday, March 5th. Old Dominion Freight Line's dividend payout ratio is 18.98%.
Institutional Trading of Old Dominion Freight Line
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Whipplewood Advisors LLC acquired a new position in Old Dominion Freight Line during the 4th quarter worth $35,000. Itau Unibanco Holding S.A. lifted its position in shares of Old Dominion Freight Line by 518.9% during the fourth 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 last quarter. Synergy Asset Management LLC acquired a new position in Old Dominion Freight Line in the fourth quarter worth about $41,000. Murphy & Mullick Capital Management Corp bought a new stake in Old Dominion Freight Line in the fourth quarter valued at about $51,000. Finally, CoreCap Advisors LLC raised its stake in Old Dominion Freight Line by 98.2% during the fourth quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company's stock valued at $60,000 after buying an additional 168 shares in the last quarter. Institutional investors own 77.82% of the company's stock.
About Old Dominion Freight Line
(
Get Free Report)
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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