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

A number of brokerages recently issued reports on ODFL. ValuEngine downgraded Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. BidaskClub raised Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Deutsche Bank raised Old Dominion Freight Line from a “sell” rating to a “hold” rating and set a $131.00 price objective for the company in a research report on Wednesday, October 24th. They noted that the move was a valuation call. Argus cut their price objective on Old Dominion Freight Line from $175.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Finally, Credit Suisse Group cut their price objective on Old Dominion Freight Line from $159.00 to $149.00 and set an “outperform” rating for the company in a research report on Friday, October 26th.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Old Dominion Freight Line by 2.4% during the third quarter. Vanguard Group Inc. now owns 6,456,920 shares of the transportation company’s stock worth $1,041,243,000 after buying an additional 153,943 shares in the last quarter. Morgan Stanley grew its position in shares of Old Dominion Freight Line by 1.6% during the third quarter. Morgan Stanley now owns 481,173 shares of the transportation company’s stock worth $77,592,000 after buying an additional 7,564 shares in the last quarter. Legal & General Group Plc grew its position in shares of Old Dominion Freight Line by 4.1% during the third quarter. Legal & General Group Plc now owns 337,204 shares of the transportation company’s stock worth $54,378,000 after buying an additional 13,251 shares in the last quarter. Csenge Advisory Group acquired a new position in shares of Old Dominion Freight Line during the third quarter worth about $144,000. Finally, TIAA CREF Investment Management LLC grew its position in shares of Old Dominion Freight Line by 0.8% during the third quarter. TIAA CREF Investment Management LLC now owns 158,923 shares of the transportation company’s stock worth $25,628,000 after buying an additional 1,237 shares in the last quarter. 72.55% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:ODFL traded up $1.64 during midday trading on Monday, reaching $131.31. 33,191 shares of the company’s stock were exchanged, compared to its average volume of 564,729. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $10.60 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 0.72 and a beta of 1.39. Old Dominion Freight Line has a fifty-two week low of $118.73 and a fifty-two week high of $170.22.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data on Thursday, October 25th. The transportation company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. Old Dominion Freight Line had a return on equity of 22.13% and a net margin of 16.47%. As a group, equities research analysts predict that Old Dominion Freight Line will post 7.19 earnings per share for the current fiscal year.

The company 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 $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Wednesday, December 5th. Old Dominion Freight Line’s dividend payout ratio is currently 11.93%.

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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