Old Dominion Freight Line (NASDAQ:ODFL) Price Target Lowered to $143.00 at Evercore ISI

Old Dominion Freight Line (NASDAQ:ODFL) had its price objective reduced by Evercore ISI from $155.00 to $143.00 in a research report report published on Tuesday morning, MarketBeat.com reports. They currently have an in-line rating on the transportation company’s stock.

Other research analysts have also issued research reports about the company. UBS Group reduced their target price on Old Dominion Freight Line from $158.00 to $155.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Vertical Research upgraded Old Dominion Freight Line from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research report on Thursday, July 31st. Robert W. Baird set a $148.00 price target on Old Dominion Freight Line and gave the company a “neutral” rating in a research report on Monday, August 4th. Barclays set a $155.00 price target on Old Dominion Freight Line and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. dropped their price target on Old Dominion Freight Line from $158.00 to $146.00 and set a “neutral” rating for the company in a research report on Tuesday, July 8th. Eight investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $166.33.

Old Dominion Freight Line Stock Down 0.2%

ODFL stock opened at $140.78 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $29.59 billion, a PE ratio of 27.50, a PEG ratio of 3.28 and a beta of 1.23. Old Dominion Freight Line has a twelve month low of $133.69 and a twelve month high of $233.26. The stock has a 50-day simple moving average of $149.18 and a two-hundred day simple moving average of $157.09.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Wednesday, July 30th. The transportation company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.02). The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Old Dominion Freight Line had a net margin of 19.42% and a return on equity of 25.94%. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.48 EPS. On average, equities analysts predict that Old Dominion Freight Line will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were given a $0.28 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. Old Dominion Freight Line’s payout ratio is presently 21.88%.

Institutional Trading of Old Dominion Freight Line

Hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in Old Dominion Freight Line by 234.8% in the 1st quarter. Larson Financial Group LLC now owns 154 shares of the transportation company’s stock worth $25,000 after buying an additional 108 shares during the last quarter. Financial Gravity Companies Inc. bought a new stake in Old Dominion Freight Line in the 2nd quarter worth approximately $26,000. Rossby Financial LCC purchased a new position in Old Dominion Freight Line in the 2nd quarter worth approximately $28,000. American National Bank & Trust purchased a new position in Old Dominion Freight Line in the 1st quarter worth approximately $30,000. Finally, Wayfinding Financial LLC purchased a new position in Old Dominion Freight Line in the 1st quarter worth approximately $39,000. 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.