Old Dominion Freight Line (NASDAQ:ODFL) has received a consensus rating of “Hold” from the fifteen research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $147.36.

Several research firms recently commented on ODFL. Cowen upped their price objective on Old Dominion Freight Line from $145.00 to $156.00 and gave the company a “market perform” rating in a research note on Friday, July 27th. BidaskClub upgraded Old Dominion Freight Line from a “strong sell” rating to a “sell” rating in a research note on Friday, November 2nd. ValuEngine downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Bank of America upgraded Old Dominion Freight Line from an “underperform” rating to a “buy” rating and set a $139.00 price objective on the stock in a research note on Tuesday, October 30th. Finally, Morgan Stanley upped their price objective on Old Dominion Freight Line from $154.00 to $158.00 and gave the company an “overweight” rating in a research note on Friday, July 27th.

Shares of ODFL stock traded down $0.91 during trading on Thursday, hitting $131.52. The company’s stock had a trading volume of 562,338 shares, compared to its average volume of 627,283. The firm has a market cap of $11.04 billion, a PE ratio of 30.17, a P/E/G ratio of 0.75 and a beta of 1.41. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.02. Old Dominion Freight Line has a 52 week low of $116.61 and a 52 week high of $170.22.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Thursday, October 25th. The transportation company reported $2.12 EPS for the quarter, beating the consensus estimate of $1.97 by $0.15. Old Dominion Freight Line had a return on equity of 22.13% and a net margin of 16.47%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. On average, research analysts expect that Old Dominion Freight Line will post 7.17 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, December 5th. This represents a $0.52 annualized dividend and a dividend yield of 0.40%. Old Dominion Freight Line’s dividend payout ratio is currently 11.93%.

Several large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Old Dominion Freight Line by 1.4% during the second quarter. BlackRock Inc. now owns 6,415,315 shares of the transportation company’s stock worth $955,626,000 after acquiring an additional 88,236 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Old Dominion Freight Line by 1.1% during the third quarter. Janus Henderson Group PLC now owns 2,522,237 shares of the transportation company’s stock worth $406,736,000 after acquiring an additional 26,258 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Old Dominion Freight Line by 9.7% during the third quarter. Bank of New York Mellon Corp now owns 807,134 shares of the transportation company’s stock worth $130,159,000 after acquiring an additional 71,408 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Old Dominion Freight Line by 2.3% during the third quarter. Wells Fargo & Company MN now owns 751,230 shares of the transportation company’s stock worth $121,142,000 after acquiring an additional 16,690 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Old Dominion Freight Line by 3.0% during the second quarter. Northern Trust Corp now owns 589,434 shares of the transportation company’s stock worth $87,802,000 after acquiring an additional 17,339 shares in the last quarter. Hedge funds and other institutional investors own 73.34% 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 ground and air expedited transportation, and consumer household pickup and delivery. The company also offers various value-added services comprising container drayage, truckload brokerage, supply chain consulting, and warehousing.

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Analyst Recommendations for Old Dominion Freight Line (NASDAQ:ODFL)

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