Stifel Nicolaus Issues Pessimistic Forecast for Old Dominion Freight Line (NASDAQ:ODFL) Stock Price

Old Dominion Freight Line (NASDAQ:ODFL - Free Report) had its price target reduced by Stifel Nicolaus from $200.00 to $188.00 in a report issued on Monday, MarketBeat reports. Stifel Nicolaus currently has a buy rating on the transportation company's stock.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group cut their price objective on Old Dominion Freight Line from $195.00 to $165.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Citigroup upgraded shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and reduced their target price for the company from $186.00 to $183.00 in a report on Tuesday, April 8th. Raymond James reduced their price target on Old Dominion Freight Line from $215.00 to $190.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Old Dominion Freight Line in a research note on Friday, March 7th. They set a "buy" rating and a $236.00 target price for the company. Finally, Susquehanna decreased their target price on shares of Old Dominion Freight Line from $210.00 to $171.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $195.15.

Old Dominion Freight Line Stock Up 4.0 %

Shares of NASDAQ:ODFL traded up $5.90 during trading on Monday, reaching $153.75. The stock had a trading volume of 1,456,518 shares, compared to its average volume of 1,674,346. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The firm's 50-day simple moving average is $170.78 and its 200 day simple moving average is $189.01. Old Dominion Freight Line has a one year low of $145.79 and a one year high of $233.26. The company has a market capitalization of $32.68 billion, a P/E ratio of 28.06, a PEG ratio of 2.89 and a beta of 1.25.

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 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%. As a group, research analysts expect that Old Dominion Freight Line will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.28 dividend. This is an increase from Old Dominion Freight Line's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.73%. Old Dominion Freight Line's dividend payout ratio (DPR) is presently 20.44%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Avanza Fonder AB purchased a new stake in Old Dominion Freight Line during the 4th quarter valued at about $3,741,000. AustralianSuper Pty Ltd acquired a new stake in Old Dominion Freight Line during the fourth quarter worth about $128,221,000. Blueshift Asset Management LLC acquired a new stake in shares of Old Dominion Freight Line during the 4th quarter worth about $630,000. Board of the Pension Protection Fund acquired a new stake in shares of Old Dominion Freight Line during the fourth quarter worth about $600,000. Finally, Reliant Investment Management LLC increased its stake in shares of Old Dominion Freight Line by 10.4% during the fourth quarter. Reliant Investment Management LLC now owns 21,850 shares of the transportation company's stock worth $3,854,000 after buying an additional 2,060 shares during the period. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

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.