Credit Suisse Group reissued their buy rating on shares of Old Dominion Freight Line (NASDAQ:ODFL) in a research note released on Wednesday. Credit Suisse Group currently has a $142.00 price target on the transportation company’s stock, up from their prior price target of $128.00.

A number of other equities analysts have also recently issued reports on the company. Cowen restated a hold rating and issued a $100.00 target price on shares of Old Dominion Freight Line in a report on Friday, September 1st. Bank of America cut Old Dominion Freight Line from a neutral rating to an underperform rating and decreased their target price for the stock from $105.00 to $102.00 in a report on Tuesday, October 10th. They noted that the move was a valuation call. KeyCorp restated a buy rating and issued a $115.00 target price on shares of Old Dominion Freight Line in a report on Thursday, October 12th. Citigroup lifted their target price on Old Dominion Freight Line from $110.00 to $120.00 and gave the stock a neutral rating in a report on Friday, October 27th. Finally, Buckingham Research lifted their target price on Old Dominion Freight Line from $105.00 to $127.00 and gave the stock a neutral rating in a report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $112.00.

Shares of Old Dominion Freight Line (NASDAQ ODFL) traded up $0.87 during mid-day trading on Wednesday, hitting $130.50. The stock had a trading volume of 764,850 shares, compared to its average volume of 733,432. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.02. The firm has a market cap of $10,678.39, a PE ratio of 31.93, a PEG ratio of 1.81 and a beta of 1.20. Old Dominion Freight Line has a one year low of $80.56 and a one year high of $131.39.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Thursday, October 26th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.08. The business had revenue of $872.99 million for the quarter, compared to analysts’ expectations of $855.85 million. Old Dominion Freight Line had a return on equity of 17.09% and a net margin of 10.43%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 EPS. sell-side analysts predict that Old Dominion Freight Line will post 4.3 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be given a $0.10 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 9.85%.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Old Dominion Freight Line by 1.0% in the second quarter. Vanguard Group Inc. now owns 5,372,428 shares of the transportation company’s stock worth $511,669,000 after buying an additional 54,645 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Old Dominion Freight Line in the second quarter worth $266,855,000. William Blair Investment Management LLC boosted its position in shares of Old Dominion Freight Line by 7.9% in the second quarter. William Blair Investment Management LLC now owns 2,625,605 shares of the transportation company’s stock worth $250,063,000 after buying an additional 191,911 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Old Dominion Freight Line by 6.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,234,395 shares of the transportation company’s stock worth $246,030,000 after buying an additional 134,463 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Old Dominion Freight Line by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 2,092,478 shares of the transportation company’s stock worth $227,557,000 after buying an additional 169,109 shares during the period. 72.45% of the stock is owned by institutional investors and hedge funds.

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About Old Dominion Freight Line

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.

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

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