Old Dominion Freight Line (NASDAQ: ODFL) recently received a number of ratings updates from brokerages and research firms:

  • 10/12/2017 – Old Dominion Freight Line had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $119.00 price target on the stock, up previously from $110.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/12/2017 – Old Dominion Freight Line had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $115.00 price target on the stock.
  • 10/10/2017 – Old Dominion Freight Line was downgraded by analysts at Bank of America Corporation from a “neutral” rating to an “underperform” rating. They now have a $102.00 price target on the stock, down previously from $105.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/6/2017 – Old Dominion Freight Line had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $113.00 price target on the stock.
  • 10/5/2017 – Old Dominion Freight Line had its price target raised by analysts at Morgan Stanley from $87.00 to $91.00. They now have an “overweight” rating on the stock.
  • 10/3/2017 – Old Dominion Freight Line was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $123.00 price target on the stock. According to Zacks, “Old Dominion Freight Line, Inc. is an inter-regional and multi-regional motor carrier transporting primarily less-than-truckload shipments of general commodities, including consumer goods, textiles and capital goods to a diversified customer base. “
  • 9/1/2017 – Old Dominion Freight Line had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $100.00 price target on the stock.
  • 8/23/2017 – Old Dominion Freight Line was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/21/2017 – Old Dominion Freight Line is now covered by analysts at Buckingham Research. They set a “neutral” rating and a $105.00 price target on the stock.

Old Dominion Freight Line, Inc. (ODFL) traded down 0.28% on Tuesday, reaching $107.95. 431,664 shares of the company’s stock were exchanged. The stock has a market capitalization of $8.89 billion, a PE ratio of 27.96 and a beta of 1.09. Old Dominion Freight Line, Inc. has a 12 month low of $68.82 and a 12 month high of $110.45. The firm has a 50 day moving average of $104.41 and a 200 day moving average of $94.65.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.09. Old Dominion Freight Line had a net margin of 10.19% and a return on equity of 16.87%. The business had revenue of $839.90 million for the quarter, compared to analyst estimates of $824.68 million. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Old Dominion Freight Line’s revenue was up 11.2% compared to the same quarter last year. Equities analysts predict that Old Dominion Freight Line, Inc. will post $4.15 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Friday, September 1st. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 10.39%.

In related news, Vice Chairman David S. Congdon sold 575 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $97.83, for a total transaction of $56,252.25. Following the transaction, the insider now owns 9,516 shares of the company’s stock, valued at $930,950.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.00% of the company’s stock.

Old Dominion Freight Line, Inc is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America.

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