Old Dominion Freight Line (NASDAQ:ODFL) PT Lowered to $265.00 at Citigroup

Old Dominion Freight Line (NASDAQ:ODFL – Get Rating) had its price target decreased by Citigroup from $295.00 to $265.00 in a research report released on Thursday, The Fly reports. Citigroup currently has a neutral rating on the transportation company’s stock.

Other analysts have also issued reports about the company. Susquehanna boosted their target price on Old Dominion Freight Line from $275.00 to $285.00 in a research report on Thursday, April 28th. UBS Group cut their target price on Old Dominion Freight Line from $365.00 to $330.00 and set a neutral rating on the stock in a research note on Thursday, February 3rd. Stifel Nicolaus upped their price objective on Old Dominion Freight Line from $320.00 to $335.00 in a research note on Thursday, February 10th. Zacks Investment Research upgraded Old Dominion Freight Line from a hold rating to a buy rating and set a $324.00 price objective on the stock in a research note on Monday, March 14th. Finally, StockNews.com assumed coverage on shares of Old Dominion Freight Line in a report on Thursday, March 31st. They set a hold rating on the stock. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and an average price target of $299.17.

Shares of NASDAQ:ODFL opened at $243.18 on Thursday. The firm has a market cap of $27.57 billion, a P/E ratio of 24.84, a P/E/G ratio of 1.22 and a beta of 1.03. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.03. Old Dominion Freight Line has a 12-month low of $231.31 and a 12-month high of $373.58. The business has a fifty day simple moving average of $283.12 and a 200 day simple moving average of $313.25.

Old Dominion Freight Line (NASDAQ:ODFL – Get Rating) last announced its earnings results on Wednesday, April 27th. The transportation company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.23. Old Dominion Freight Line had a return on equity of 32.41% and a net margin of 20.17%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the company earned $1.70 EPS. Old Dominion Freight Line’s revenue for the quarter was up 32.9% compared to the same quarter last year. As a group, equities research analysts expect that Old Dominion Freight Line will post 11.32 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $1.20 annualized dividend and a dividend yield of 0.49%. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 12.26%.

A number of institutional investors have recently modified their holdings of the business. Tcwp LLC purchased a new position in Old Dominion Freight Line during the first quarter valued at $26,000. Ancora Advisors LLC acquired a new stake in Old Dominion Freight Line during the third quarter worth about $29,000. Carroll Financial Associates Inc. acquired a new stake in Old Dominion Freight Line during the fourth quarter worth about $29,000. CVA Family Office LLC acquired a new stake in Old Dominion Freight Line during the fourth quarter worth about $29,000. Finally, Rise Advisors LLC acquired a new stake in shares of Old Dominion Freight Line during the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 77.86% of the company’s stock.

About Old Dominion Freight Line (Get Rating)

Old Dominion Freight Line, Inc operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting.

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