Wells Fargo & Company Issues Positive Forecast for Old Dominion Freight Line (NASDAQ:ODFL) Stock Price

Old Dominion Freight Line (NASDAQ:ODFL) had its target price lifted by analysts at Wells Fargo & Company from $138.00 to $165.00 in a report released on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target indicates a potential downside of 19.37% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on Old Dominion Freight Line from $180.00 to $167.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. JPMorgan Chase & Co. lifted their price objective on shares of Old Dominion Freight Line from $142.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Zacks Research lowered shares of Old Dominion Freight Line from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 8th. Barclays set a $185.00 price objective on shares of Old Dominion Freight Line in a research report on Thursday. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $195.00 target price on shares of Old Dominion Freight Line in a research note on Wednesday. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $175.46.

Old Dominion Freight Line Stock Down 1.9%

ODFL traded down $3.91 during trading on Thursday, hitting $204.63. 1,271,863 shares of the company’s stock were exchanged, compared to its average volume of 2,186,714. Old Dominion Freight Line has a fifty-two week low of $126.01 and a fifty-two week high of $209.61. The stock has a market cap of $42.79 billion, a P/E ratio of 41.01, a PEG ratio of 9.43 and a beta of 1.28. The business’s 50 day moving average is $164.01 and its two-hundred day moving average is $151.15. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.02.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Old Dominion Freight Line by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 23,252,921 shares of the transportation company’s stock worth $3,273,546,000 after buying an additional 494,674 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in Old Dominion Freight Line by 21.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,366,843 shares of the transportation company’s stock worth $614,764,000 after purchasing an additional 776,004 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Old Dominion Freight Line by 21.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,544,588 shares of the transportation company’s stock worth $499,007,000 after purchasing an additional 622,275 shares during the period. Norges Bank purchased a new stake in Old Dominion Freight Line during the 2nd quarter valued at approximately $371,961,000. Finally, Boston Partners bought a new stake in shares of Old Dominion Freight Line during the third quarter valued at approximately $292,599,000. 77.82% of the stock is owned by hedge funds and other institutional investors.

Old Dominion Freight Line News Summary

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

• Positive Sentiment: Morgan Stanley raised its price target (a ~10% upgrade reported) and that upgrade was cited as a direct catalyst for the intraday rally. Old Dominion (ODFL) Climbs as Morgan Stanley Hikes PT
• Positive Sentiment: Q4 results beat consensus modestly — GAAP EPS $1.09 vs. $1.06 estimate and revenue ~$1.31B in line/just above estimates — and the company raised the quarterly dividend to $0.29, signaling confidence in cash flow. Those items support near-term upside. Old Dominion Beats on Q4 Earnings and Revenues, Hikes Dividend
• Positive Sentiment: Company commentary and coverage highlight pricing power — ODFL was able to protect margins despite softer volumes (operating ratio ~76.7%), which investors view as a structural advantage if volumes recover. Old Dominion Proves Pricing Power In A Tough Trucking Market
• Neutral Sentiment: Q4 sales were broadly in line with estimates and management gave a Q1 revenue target of $1.25B–$1.30B, describing “cautious optimism” — supportive but conservative guidance that keeps expectations muted until volumes improve. Old Dominion posts Q4 sales in line with estimates
• Negative Sentiment: Jefferies lifted its price target to $195 but keeps a “hold” rating; the updated PT still implies downside from current levels, which may cap upward momentum. Jefferies raises PT to $195 (Benzinga)
• Negative Sentiment: TD Cowen raised its target to $180 while maintaining a “hold,” another note that lifts valuation assumptions but signals limited near-term upside and implies material downside vs. the current price. TD Cowen raises PT to $180
• Negative Sentiment: Robert W. Baird downgraded ODFL from Neutral to Underperform even after increasing its target to $204, signaling concern that the stock’s momentum is outpacing fundamentals. Baird downgrades to Underperform
• Negative Sentiment: Several reports flagged softer revenue/volume trends in the quarter and a challenging freight market — a reminder that earnings beats have come with lower shipment demand, which is the primary risk to a sustained recovery. Shares drop as revenue declines

About Old Dominion Freight Line

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.