Old Dominion Freight Line (NASDAQ:ODFL) Given New $168.00 Price Target at JPMorgan Chase & Co.

Old Dominion Freight Line (NASDAQ:ODFL) had its price target increased by JPMorgan Chase & Co. from $150.00 to $168.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 16.89% from the company’s previous close.

ODFL has been the subject of several other research reports. Evercore ISI increased their price objective on Old Dominion Freight Line from $150.00 to $200.00 and gave the company an “in-line” rating in a report on Thursday. Citigroup reissued a “buy” rating and issued a $196.00 price target (up previously from $170.00) on shares of Old Dominion Freight Line in a report on Wednesday, January 7th. Raymond James Financial boosted their price target on Old Dominion Freight Line from $155.00 to $180.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Wells Fargo & Company boosted their price target on Old Dominion Freight Line from $138.00 to $165.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Morgan Stanley restated an “overweight” rating and set a $209.00 price objective (up from $190.00) on shares of Old Dominion Freight Line in a research note on Wednesday. Ten equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $179.08.

Old Dominion Freight Line Stock Down 3.1%

ODFL stock traded down $6.40 during trading on Thursday, reaching $202.14. 4,225,284 shares of the company traded hands, compared to its average volume of 2,320,873. The business has a 50 day simple moving average of $164.01 and a 200 day simple moving average of $151.15. Old Dominion Freight Line has a 12 month low of $126.01 and a 12 month high of $209.61. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $42.27 billion, a price-to-earnings ratio of 40.67, a price-to-earnings-growth ratio of 9.43 and a beta of 1.28.

Old Dominion Freight Line (NASDAQ:ODFL) last released its quarterly earnings results on Wednesday, February 4th. The transportation company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.06 by $0.03. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. Old Dominion Freight Line had a net margin of 18.97% and a return on equity of 24.92%. The company’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.23 earnings per share. On average, equities research analysts anticipate that Old Dominion Freight Line will post 5.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Old Dominion Freight Line

A number of institutional investors have recently added to or reduced their stakes in ODFL. Financial Gravity Companies Inc. acquired a new stake in shares of Old Dominion Freight Line in the 2nd quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Old Dominion Freight Line by 175.7% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 193 shares of the transportation company’s stock worth $27,000 after acquiring an additional 123 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Old Dominion Freight Line by 100.0% during the third quarter. Westside Investment Management Inc. now owns 196 shares of the transportation company’s stock worth $27,000 after buying an additional 98 shares during the period. Rossby Financial LCC acquired a new position in Old Dominion Freight Line during the 2nd quarter worth about $28,000. Finally, Raiffeisen Bank International AG purchased a new position in shares of Old Dominion Freight Line in the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line News Roundup

Here are the key news stories impacting Old Dominion Freight Line this week:

• Positive Sentiment: Q4 earnings beat and pricing power — ODFL reported $1.09 EPS (above consensus) and revenue modestly beat estimates; management showed pricing power and an improving operating ratio. Article Title
• Positive Sentiment: Dividend increase — the board raised the quarterly dividend to $0.29 (≈3.6% increase), a shareholder‑friendly move that supports income investors. Press Release
• Positive Sentiment: Analyst price‑target upgrades pushed momentum earlier this week — Morgan Stanley and several shops raised targets, helping fuel a short-term rally. Article Title
• Neutral Sentiment: Macro/regional outlook — a separate Old Dominion University economic forecast flags slowing growth in the Hampton Roads region; broadly relevant but not company‑specific. Article Title
• Negative Sentiment: Volume weakness — revenue fell ~5.7% Y/Y and LTL tons per day dropped ~10.7%, signaling continued soft freight demand that pressures near‑term growth. Article Title
• Negative Sentiment: Mixed analyst stance — although many firms raised price targets (Evercore, Jefferies, TD Cowen), several ratings remain “hold/underweight” and some new targets sit well below the recent price (e.g., Wells Fargo $165 underweight), creating selling pressure after the recent rally. Article Title

Old Dominion Freight Line Company Profile

Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.

The company’s core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.