Robert W. Baird reaffirmed their hold rating on shares of Old Dominion Freight Line (NASDAQ:ODFL) in a research note issued to investors on Tuesday. The firm currently has a $145.00 target price on the transportation company’s stock.
Other equities analysts also recently issued reports about the company. Buckingham Research increased their target price on Old Dominion Freight Line from $144.00 to $153.00 and gave the stock a neutral rating in a research report on Friday, February 9th. Cowen reiterated a market perform rating and set a $136.00 target price (up from $113.00) on shares of Old Dominion Freight Line in a research report on Thursday, February 8th. Stifel Nicolaus reiterated a buy rating and set a $117.00 target price (up from $111.00) on shares of Old Dominion Freight Line in a research report on Wednesday, December 13th. ValuEngine upgraded Old Dominion Freight Line from a hold rating to a buy rating in a research report on Tuesday, April 3rd. Finally, Goldman Sachs assumed coverage on Old Dominion Freight Line in a research report on Tuesday. They set a neutral rating and a $144.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $138.00.
NASDAQ ODFL opened at $144.05 on Tuesday. Old Dominion Freight Line has a twelve month low of $80.82 and a twelve month high of $152.50. The stock has a market cap of $11,976.42, a P/E ratio of 33.42, a price-to-earnings-growth ratio of 1.02 and a beta of 1.18. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.02.
Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Thursday, February 8th. The transportation company reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.01. Old Dominion Freight Line had a return on equity of 17.37% and a net margin of 13.81%. The firm had revenue of $891.12 million for the quarter, compared to the consensus estimate of $879.00 million. During the same period in the prior year, the business posted $0.83 earnings per share. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. equities analysts anticipate that Old Dominion Freight Line will post 6.28 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Tuesday, March 6th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.36%. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, March 5th. Old Dominion Freight Line’s dividend payout ratio (DPR) is 11.93%.
Several institutional investors have recently added to or reduced their stakes in ODFL. Legal & General Group Plc raised its holdings in shares of Old Dominion Freight Line by 7.9% in the 3rd quarter. Legal & General Group Plc now owns 81,145 shares of the transportation company’s stock worth $8,933,000 after purchasing an additional 5,930 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Old Dominion Freight Line by 4.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 228,900 shares of the transportation company’s stock worth $25,205,000 after purchasing an additional 8,865 shares during the period. Pinebridge Investments L.P. purchased a new position in shares of Old Dominion Freight Line in the 3rd quarter worth about $123,000. Allianz Asset Management GmbH purchased a new position in shares of Old Dominion Freight Line in the 3rd quarter worth about $1,877,000. Finally, Royce & Associates LP raised its holdings in shares of Old Dominion Freight Line by 24.5% in the 3rd quarter. Royce & Associates LP now owns 42,558 shares of the transportation company’s stock worth $4,686,000 after purchasing an additional 8,364 shares during the period. Institutional investors own 76.39% of the company’s stock.
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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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