Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Receives $195.15 Average Price Target from Brokerages

Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Get Free Report) has earned an average recommendation of "Hold" from the twenty-three brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $195.15.

A number of analysts have commented on ODFL shares. Morgan Stanley set a $185.00 price objective on Old Dominion Freight Line in a research report on Wednesday, April 2nd. StockNews.com cut Old Dominion Freight Line from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. Evercore ISI boosted their price target on shares of Old Dominion Freight Line from $199.00 to $202.00 and gave the company an "in-line" rating in a report on Thursday, February 6th. Barclays dropped their price objective on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Finally, UBS Group lowered their target price on shares of Old Dominion Freight Line from $196.00 to $158.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th.

Old Dominion Freight Line Stock Performance

Old Dominion Freight Line stock traded up $5.90 during mid-day trading on Tuesday, reaching $153.75. The company had a trading volume of 1,456,518 shares, compared to its average volume of 1,674,886. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The firm has a market cap of $32.68 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 2.89 and a beta of 1.25. The company has a 50 day moving average of $170.78 and a 200-day moving average of $188.98. Old Dominion Freight Line has a 52 week low of $145.79 and a 52 week high of $233.26.

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 for the quarter, beating the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. On average, sell-side analysts expect that Old Dominion Freight Line will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The business also recently declared 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 0.73%. The ex-dividend date was Wednesday, March 5th. Old Dominion Freight Line's dividend payout ratio is 20.44%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. American National Bank & Trust bought a new position in Old Dominion Freight Line in the 1st quarter valued at $30,000. Whipplewood Advisors LLC acquired a new position in shares of Old Dominion Freight Line during the fourth quarter valued at $35,000. Itau Unibanco Holding S.A. boosted its holdings in Old Dominion Freight Line by 518.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company's stock valued at $40,000 after acquiring an additional 192 shares during the last quarter. Synergy Asset Management LLC acquired a new stake in Old Dominion Freight Line in the fourth quarter worth about $41,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Old Dominion Freight Line during the 4th quarter worth about $51,000. Institutional investors own 77.82% of the company's stock.

About Old Dominion Freight Line

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.