Old Dominion Freight Line (NASDAQ:ODFL) Given New $210.00 Price Target at Susquehanna

Old Dominion Freight Line (NASDAQ:ODFL) had its target price trimmed by Susquehanna from $245.00 to $210.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a positive rating on the transportation company’s stock.

Several other analysts have also issued reports on ODFL. UBS Group upped their price target on shares of Old Dominion Freight Line from $202.00 to $205.00 and gave the company a neutral rating in a research report on Thursday, April 25th. Barclays reduced their price target on Old Dominion Freight Line from $205.00 to $195.00 and set an equal weight rating on the stock in a research report on Wednesday. Evercore ISI decreased their price target on Old Dominion Freight Line from $241.00 to $225.00 and set an outperform rating on the stock in a research note on Thursday, April 25th. Vertical Research raised Old Dominion Freight Line from a sell rating to a hold rating and set a $175.00 price objective for the company in a research note on Monday, April 29th. Finally, Bank of America decreased their target price on shares of Old Dominion Freight Line from $205.00 to $192.00 and set a neutral rating on the stock in a research note on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $204.97.

Old Dominion Freight Line Stock Performance

Shares of NASDAQ ODFL opened at $172.74 on Wednesday. The stock has a market cap of $37.53 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 2.23 and a beta of 1.02. The stock’s 50-day moving average is $187.65 and its 200 day moving average is $201.28. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line has a 1-year low of $158.60 and a 1-year high of $227.80.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.33 by $0.01. Old Dominion Freight Line had a net margin of 21.19% and a return on equity of 30.12%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. On average, sell-side analysts anticipate that Old Dominion Freight Line will post 6.01 EPS for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 5th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Wednesday, June 5th. Old Dominion Freight Line’s dividend payout ratio is currently 18.31%.

Institutional Trading of Old Dominion Freight Line

Hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp increased its stake in shares of Old Dominion Freight Line by 22.5% in the 4th quarter. Jones Financial Companies Lllp now owns 147 shares of the transportation company’s stock worth $60,000 after acquiring an additional 27 shares in the last quarter. Lido Advisors LLC increased its stake in shares of Old Dominion Freight Line by 3.1% during the third quarter. Lido Advisors LLC now owns 969 shares of the transportation company’s stock valued at $397,000 after purchasing an additional 29 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in shares of Old Dominion Freight Line by 14.6% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 235 shares of the transportation company’s stock valued at $96,000 after purchasing an additional 30 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Old Dominion Freight Line by 1.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 2,704 shares of the transportation company’s stock valued at $1,096,000 after purchasing an additional 30 shares during the last quarter. Finally, Drive Wealth Management LLC boosted its position in shares of Old Dominion Freight Line by 5.3% in the 4th quarter. Drive Wealth Management LLC now owns 778 shares of the transportation company’s stock worth $316,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Company Profile

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.