Brokerages Set Old Dominion Freight Line, Inc. (NASDAQ:ODFL) PT at $180.42

Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Get Free Report) has earned an average recommendation of "Hold" from the twenty-one research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $180.42.

ODFL has been the topic of a number of recent research reports. Citigroup raised Old Dominion Freight Line from a "neutral" rating to a "buy" rating and dropped their target price for the company from $186.00 to $183.00 in a research report on Tuesday, April 8th. Barclays decreased their price target on shares of Old Dominion Freight Line from $185.00 to $170.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus cut their price objective on shares of Old Dominion Freight Line from $188.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group raised shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and raised their target price for the company from $190.00 to $200.00 in a research report on Monday. Finally, Morgan Stanley set a $185.00 price target on shares of Old Dominion Freight Line in a research note on Wednesday, April 2nd.

Hedge Funds Weigh In On Old Dominion Freight Line

Several large investors have recently modified their holdings of ODFL. Brighton Jones LLC boosted its holdings in shares of Old Dominion Freight Line by 5.3% during the fourth quarter. Brighton Jones LLC now owns 1,559 shares of the transportation company's stock worth $275,000 after acquiring an additional 79 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Old Dominion Freight Line by 8.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 13,388 shares of the transportation company's stock worth $2,362,000 after purchasing an additional 1,044 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in Old Dominion Freight Line during the 4th quarter worth approximately $291,000. E. Ohman J or Asset Management AB boosted its stake in Old Dominion Freight Line by 8.9% in the 4th quarter. E. Ohman J or Asset Management AB now owns 8,550 shares of the transportation company's stock valued at $1,508,000 after purchasing an additional 700 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Old Dominion Freight Line by 7.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,846 shares of the transportation company's stock valued at $12,718,000 after buying an additional 4,772 shares in the last quarter. 77.82% of the stock is owned by institutional investors.

Old Dominion Freight Line Stock Down 1.1%

Shares of NASDAQ:ODFL traded down $1.81 during midday trading on Wednesday, reaching $159.68. 1,320,093 shares of the company were exchanged, compared to its average volume of 1,646,167. The firm has a market cap of $33.74 billion, a PE ratio of 29.14, a P/E/G ratio of 2.89 and a beta of 1.31. Old Dominion Freight Line has a fifty-two week low of $144.90 and a fifty-two week high of $233.26. The stock has a fifty day simple moving average of $159.04 and a two-hundred day simple moving average of $178.93. 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 (NASDAQ:ODFL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.38 billion. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. The company's revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 EPS. As a group, sell-side analysts forecast that Old Dominion Freight Line will post 5.68 earnings per share for the current year.

Old Dominion Freight Line Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.12 dividend on an annualized basis and a yield of 0.70%. Old Dominion Freight Line's dividend payout ratio (DPR) is 21.01%.

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.