Susquehanna Cuts Old Dominion Freight Line (NASDAQ:ODFL) Price Target to $210.00

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

ODFL has been the subject of a number of other reports. Raymond James boosted their target price on shares of Old Dominion Freight Line from $207.50 to $233.00 and gave the company an outperform rating in a research note on Monday, April 15th. Barclays lowered their target price on Old Dominion Freight Line from $205.00 to $195.00 and set an equal weight rating on the stock in a report on Wednesday. UBS Group boosted their price target on Old Dominion Freight Line from $202.00 to $205.00 and gave the company a neutral rating in a research note on Thursday, April 25th. BMO Capital Markets assumed coverage on shares of Old Dominion Freight Line in a research note on Wednesday, June 5th. They issued an outperform rating and a $210.00 price objective on the stock. Finally, Wells Fargo & Company began coverage on shares of Old Dominion Freight Line in a research report on Friday, June 7th. They set an underweight rating and a $175.00 target price for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $204.97.

Old Dominion Freight Line Trading Down 0.1 %

Old Dominion Freight Line stock opened at $172.74 on Wednesday. Old Dominion Freight Line has a one year low of $158.60 and a one year high of $227.80. The business’s fifty day moving average is $188.69 and its 200 day moving average is $201.47. The stock has a market capitalization of $37.53 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 2.29.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 predict that Old Dominion Freight Line will post 6.01 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

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

Institutional Trading of Old Dominion Freight Line

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its position in shares of Old Dominion Freight Line by 22.5% during the fourth quarter. Jones Financial Companies Lllp now owns 147 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 27 shares in the last quarter. Lido Advisors LLC grew its holdings in Old Dominion Freight Line by 3.1% during the 3rd quarter. Lido Advisors LLC now owns 969 shares of the transportation company’s stock valued at $397,000 after buying an additional 29 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in Old Dominion Freight Line by 14.6% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 235 shares of the transportation company’s stock worth $96,000 after acquiring an additional 30 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in Old Dominion Freight Line by 1.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 2,704 shares of the transportation company’s stock worth $1,096,000 after acquiring an additional 30 shares during the last quarter. Finally, Drive Wealth Management LLC raised its holdings in shares of Old Dominion Freight Line by 5.3% during the 4th quarter. Drive Wealth Management LLC now owns 778 shares of the transportation company’s stock worth $316,000 after acquiring an additional 39 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors.

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.