Brokerages Set Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Price Target at $202.65

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has received a consensus rating of “Hold” from the twenty-three analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $202.65.

A number of equities research analysts have commented on ODFL shares. Deutsche Bank Aktiengesellschaft initiated coverage on Old Dominion Freight Line in a research note on Friday, March 7th. They issued a “buy” rating and a $236.00 price target for the company. Barclays decreased 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 report on Monday, March 10th. Truist Financial started coverage on shares of Old Dominion Freight Line in a research report on Thursday, March 13th. They set a “buy” rating and a $220.00 target price on the stock. Wells Fargo & Company decreased their price target on shares of Old Dominion Freight Line from $195.00 to $185.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Finally, Morgan Stanley upped their target price on Old Dominion Freight Line from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th.

Old Dominion Freight Line Price Performance

ODFL opened at $167.60 on Friday. The firm has a market capitalization of $35.62 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 2.89 and a beta of 1.10. The business’s 50-day moving average is $183.88 and its two-hundred day moving average is $194.05. Old Dominion Freight Line has a 1 year low of $157.67 and a 1 year high of $233.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings results on Wednesday, February 5th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Research analysts anticipate that Old Dominion Freight Line will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.28 dividend. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, March 5th. This represents a $1.12 dividend on an annualized basis and a yield of 0.67%. Old Dominion Freight Line’s payout ratio is presently 18.98%.

Institutional Investors Weigh In On Old Dominion Freight Line

A number of institutional investors have recently modified their holdings of the business. Whipplewood Advisors LLC acquired a new position in Old Dominion Freight Line in the 4th quarter worth about $35,000. Itau Unibanco Holding S.A. increased its position in shares of 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 buying an additional 192 shares in the last quarter. Synergy Asset Management LLC acquired a new position in shares of Old Dominion Freight Line during the 4th quarter worth approximately $41,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Old Dominion Freight Line during the 3rd quarter valued at approximately $45,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Old Dominion Freight Line in the 4th quarter valued at $51,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.

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.