Evercore ISI Cuts Old Dominion Freight Line (NASDAQ:ODFL) Price Target to $139.00

by · The Cerbat Gem

Old Dominion Freight Line (NASDAQ:ODFL – Free Report) had its price objective decreased by Evercore ISI from $143.00 to $139.00 in a report published on Thursday,Benzinga reports. Evercore ISI currently has an in-line rating on the transportation company’s stock.

ODFL has been the topic of several other research reports. JPMorgan Chase & Co. dropped their price target on shares of Old Dominion Freight Line from $155.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. The Goldman Sachs Group decreased their price objective on shares of Old Dominion Freight Line from $195.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Morgan Stanley decreased their price objective on shares of Old Dominion Freight Line from $170.00 to $165.00 and set an “equal weight” rating for the company in a research note on Thursday, July 31st. Robert W. Baird set a $148.00 price objective on shares of Old Dominion Freight Line and gave the company a “neutral” rating in a research note on Monday, August 4th. Finally, UBS Group increased their price objective on shares of Old Dominion Freight Line from $155.00 to $164.00 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Eight analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Old Dominion Freight Line presently has a consensus rating of “Hold” and a consensus price target of $159.33.

View Our Latest Analysis on ODFL

Old Dominion Freight Line Price Performance

Shares of NASDAQ ODFL opened at $140.42 on Thursday. Old Dominion Freight Line has a fifty-two week low of $133.69 and a fifty-two week high of $233.26. The stock has a market cap of $29.51 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 3.22 and a beta of 1.19. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.38 and a current ratio of 1.20. The firm’s 50-day simple moving average is $142.87 and its 200 day simple moving average is $153.49.

Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.06. Old Dominion Freight Line had a net margin of 18.97% and a return on equity of 24.92%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, research analysts anticipate that Old Dominion Freight Line will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 21.88%.

Institutional Investors Weigh In On Old Dominion Freight Line

Large investors have recently modified their holdings of the stock. Larson Financial Group LLC increased its stake in shares of Old Dominion Freight Line by 234.8% during the 1st quarter. Larson Financial Group LLC now owns 154 shares of the transportation company’s stock worth $25,000 after purchasing an additional 108 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of Old Dominion Freight Line during the 2nd quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Old Dominion Freight Line by 175.7% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 193 shares of the transportation company’s stock worth $27,000 after purchasing an additional 123 shares during the last quarter. Rossby Financial LCC purchased a new stake in shares of Old Dominion Freight Line during the 2nd quarter worth approximately $28,000. Finally, Wayfinding Financial LLC purchased a new position in Old Dominion Freight Line in the 1st quarter valued at approximately $39,000. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Company Profile

(Get Free Report)

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.

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