Citigroup set a $185.00 price objective on Old Dominion Freight Line (NASDAQ:ODFL) in a report released on Friday morning, TipRanks reports. The firm currently has a hold rating on the transportation company’s stock.
Other equities analysts also recently issued reports about the company. Morgan Stanley set a $146.00 price objective on Old Dominion Freight Line and gave the stock a hold rating in a research report on Friday, August 9th. BidaskClub upgraded Old Dominion Freight Line from a hold rating to a buy rating in a research report on Tuesday, October 22nd. Bank of America downgraded Old Dominion Freight Line from a neutral rating to an underperform rating and set a $166.00 price objective for the company. in a research report on Friday, September 27th. Mizuho reiterated a hold rating and set a $151.00 price objective on shares of Old Dominion Freight Line in a research report on Tuesday, July 2nd. Finally, Stifel Nicolaus downgraded Old Dominion Freight Line from a hold rating to a sell rating and upped their target price for the stock from $148.00 to $155.00 in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. Old Dominion Freight Line presently has a consensus rating of Hold and a consensus price target of $162.33.
Shares of NASDAQ ODFL traded up $0.77 during midday trading on Friday, hitting $187.37. 418,748 shares of the company’s stock were exchanged, compared to its average volume of 511,831. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.03 and a quick ratio of 1.92. The stock’s 50 day moving average price is $171.26 and its 200-day moving average price is $156.68. The firm has a market cap of $14.71 billion, a P/E ratio of 25.39, a PEG ratio of 2.72 and a beta of 1.52. Old Dominion Freight Line has a twelve month low of $115.00 and a twelve month high of $189.07.
Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $2.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.11 by ($0.06). The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. Old Dominion Freight Line had a return on equity of 22.62% and a net margin of 15.29%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.12 earnings per share. On average, analysts expect that Old Dominion Freight Line will post 7.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 0.36%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 9.21%.
In other news, insider David S. Congdon sold 30,150 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $165.51, for a total transaction of $4,990,126.50. Following the completion of the sale, the insider now owns 13,385 shares in the company, valued at approximately $2,215,351.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Gregory B. Plemmons sold 1,249 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $163.39, for a total value of $204,074.11. Following the sale, the senior vice president now owns 5,714 shares of the company’s stock, valued at approximately $933,610.46. The disclosure for this sale can be found here. Insiders have sold a total of 87,799 shares of company stock valued at $14,586,493 in the last quarter. Insiders own 11.90% of the company’s stock.
Large investors have recently made changes to their positions in the company. Quantamental Technologies LLC raised its stake in Old Dominion Freight Line by 155.2% during the 2nd quarter. Quantamental Technologies LLC now owns 171 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 104 shares during the period. Cordasco Financial Network raised its stake in Old Dominion Freight Line by 77.2% during the 2nd quarter. Cordasco Financial Network now owns 179 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 78 shares during the period. CSat Investment Advisory L.P. acquired a new stake in Old Dominion Freight Line during the 2nd quarter valued at $28,000. Cerebellum GP LLC acquired a new stake in Old Dominion Freight Line during the 3rd quarter valued at $38,000. Finally, Kavar Capital Partners LLC acquired a new stake in Old Dominion Freight Line during the 2nd quarter valued at $45,000. Institutional investors own 71.46% of the company’s stock.
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 expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting.
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