Old Dominion Freight Line (NASDAQ:ODFL) Price Target Lowered to $171.00 at Susquehanna

Old Dominion Freight Line (NASDAQ:ODFL) had its price target cut by Susquehanna from $210.00 to $171.00 in a research report report published on Monday,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other equities research analysts have also recently weighed in on the company. Bank of America dropped their target price on Old Dominion Freight Line from $237.00 to $204.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Citigroup dropped their price objective on Old Dominion Freight Line from $205.00 to $186.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Wells Fargo & Company decreased their target price on shares of Old Dominion Freight Line from $185.00 to $160.00 and set an “underweight” rating on the stock in a research note on Thursday, March 27th. The Goldman Sachs Group increased their price target on shares of Old Dominion Freight Line from $213.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Finally, Barclays lowered their price objective on shares of Old Dominion Freight Line from $210.00 to $195.00 and set an “equal weight” rating for the company in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $200.20.

Old Dominion Freight Line Trading Up 0.4 %

ODFL stock opened at $165.45 on Monday. The company has a market capitalization of $35.17 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. Old Dominion Freight Line has a one year low of $157.67 and a one year high of $233.26. The company’s 50 day moving average price is $182.14 and its two-hundred day moving average price is $193.41.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its earnings results on Wednesday, February 5th. The transportation company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.06. Old Dominion Freight Line had a net margin of 20.40% and a return on equity of 28.02%. As a group, analysts predict that Old Dominion Freight Line will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.28 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.26. Old Dominion Freight Line’s dividend payout ratio is presently 18.98%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Avanza Fonder AB bought a new position in shares of Old Dominion Freight Line during the fourth quarter valued at $3,741,000. AustralianSuper Pty Ltd bought a new stake in Old Dominion Freight Line during the 4th quarter valued at about $128,221,000. Toronto Dominion Bank raised its holdings in Old Dominion Freight Line by 77.7% in the third quarter. Toronto Dominion Bank now owns 98,061 shares of the transportation company’s stock worth $19,479,000 after buying an additional 42,880 shares during the last quarter. Blueshift Asset Management LLC bought a new position in shares of Old Dominion Freight Line in the fourth quarter worth approximately $630,000. Finally, Board of the Pension Protection Fund purchased a new stake in shares of Old Dominion Freight Line during the fourth quarter valued at approximately $600,000. Hedge funds and other 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.