Analysts’ Weekly Ratings Updates for Old Dominion Freight Line (ODFL)

Several analysts have recently updated their ratings and price targets for Old Dominion Freight Line (NASDAQ: ODFL):

  • 8/4/2017 – Old Dominion Freight Line was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/2/2017 – Old Dominion Freight Line was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Old Dominion Freight Line, Inc. is an inter-regional and multi-regional motor carrier transporting primarily less-than-truckload shipments of general commodities, including consumer goods, textiles and capital goods to a diversified customer base. “
  • 7/31/2017 – Old Dominion Freight Line was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating. They now have a $98.00 price target on the stock, down previously from $108.00.
  • 7/24/2017 – Old Dominion Freight Line was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/16/2017 – Old Dominion Freight Line was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/14/2017 – Old Dominion Freight Line had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $91.00 price target on the stock.
  • 7/13/2017 – Old Dominion Freight Line had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $109.00 price target on the stock, up previously from $101.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/11/2017 – Old Dominion Freight Line was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $110.00 price target on the stock. According to Zacks, “Old Dominion Freight Line, Inc. is an inter-regional and multi-regional motor carrier transporting primarily less-than-truckload shipments of general commodities, including consumer goods, textiles and capital goods to a diversified customer base. “
  • 7/1/2017 – Old Dominion Freight Line was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/22/2017 – Old Dominion Freight Line was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/15/2017 – Old Dominion Freight Line was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) opened at 95.28 on Friday. The firm has a market capitalization of $7.85 billion, a P/E ratio of 24.68 and a beta of 1.08. Old Dominion Freight Line, Inc. has a 12 month low of $66.33 and a 12 month high of $103.51. The stock’s 50 day moving average price is $96.65 and its 200 day moving average price is $90.45.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.09. Old Dominion Freight Line had a net margin of 10.19% and a return on equity of 16.87%. The business had revenue of $839.90 million for the quarter, compared to analysts’ expectations of $824.68 million. During the same period in the prior year, the firm earned $0.98 earnings per share. Old Dominion Freight Line’s revenue was up 11.2% compared to the same quarter last year. On average, analysts forecast that Old Dominion Freight Line, Inc. will post $4.14 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, September 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. Old Dominion Freight Line’s dividend payout ratio (DPR) is currently 10.39%.

Old Dominion Freight Line, Inc is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America.

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