Old Dominion Freight Line (NASDAQ:ODFL) Price Target Lowered to $195.00 at Barclays

Old Dominion Freight Line (NASDAQ:ODFL) had its price target cut by Barclays from $210.00 to $195.00 in a research note published on Monday morning,Benzinga reports. They currently have an equal weight rating on the transportation company’s stock.

A number of other brokerages have also recently issued reports on ODFL. Argus cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Stephens reissued an “overweight” rating and issued a $240.00 target price on shares of Old Dominion Freight Line in a research note on Thursday, February 6th. JPMorgan Chase & Co. raised their price target on shares of Old Dominion Freight Line from $186.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Evercore ISI lifted their price objective on Old Dominion Freight Line from $199.00 to $202.00 and gave the company an “in-line” rating in a report on Thursday, February 6th. Finally, Citigroup dropped their target price on Old Dominion Freight Line from $205.00 to $186.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $201.74.

Old Dominion Freight Line Stock Down 0.9 %

NASDAQ ODFL opened at $177.97 on Monday. Old Dominion Freight Line has a twelve month low of $165.49 and a twelve month high of $233.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $37.83 billion, a PE ratio of 32.48, a PEG ratio of 2.89 and a beta of 1.10. The firm has a 50-day simple moving average of $187.10 and a 200 day simple moving average of $196.29.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Wednesday, February 5th. The transportation company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.06. Old Dominion Freight Line had a return on equity of 28.02% and a net margin of 20.40%. On average, research analysts forecast that Old Dominion Freight Line will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.28 per share. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Wednesday, March 5th. Old Dominion Freight Line’s dividend payout ratio is 18.98%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Whipplewood Advisors LLC acquired a new stake in shares of Old Dominion Freight Line in the 4th quarter valued at $35,000. Itau Unibanco Holding S.A. boosted its holdings in Old Dominion Freight Line by 518.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 192 shares during the last quarter. Synergy Asset Management LLC acquired a new stake in Old Dominion Freight Line in the fourth quarter worth about $41,000. RPg Family Wealth Advisory LLC bought a new stake in Old Dominion Freight Line during the 3rd quarter worth about $45,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Old Dominion Freight Line during the 4th quarter valued at about $51,000. Institutional investors own 77.82% of the company’s stock.

About Old Dominion Freight Line

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.