Old Dominion Freight Line (NASDAQ:ODFL) Price Target Raised to $213.00

Old Dominion Freight Line (NASDAQ:ODFL) had its price target boosted by stock analysts at Raymond James Financial from $180.00 to $213.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Raymond James Financial’s price target would indicate a potential upside of 5.20% from the stock’s previous close.

ODFL has been the subject of a number of other reports. Benchmark restated a “hold” rating on shares of Old Dominion Freight Line in a report on Wednesday, December 3rd. Zacks Research cut shares of Old Dominion Freight Line from a “hold” rating to a “strong sell” rating in a report on Thursday, January 8th. Morgan Stanley reissued an “overweight” rating and issued a $209.00 price target (up from $190.00) on shares of Old Dominion Freight Line in a report on Wednesday. Jefferies Financial Group increased their target price on Old Dominion Freight Line from $160.00 to $195.00 and gave the stock a “hold” rating in a report on Thursday. Finally, UBS Group reaffirmed a “neutral” rating and set a $202.00 price target (up from $164.00) on shares of Old Dominion Freight Line in a report on Thursday. Eight equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $185.46.

Old Dominion Freight Line Trading Up 0.2%

Shares of ODFL stock opened at $202.47 on Friday. The company has a market capitalization of $42.34 billion, a PE ratio of 41.92, a price-to-earnings-growth ratio of 10.18 and a beta of 1.28. The firm has a fifty day simple moving average of $166.70 and a 200-day simple moving average of $151.77. Old Dominion Freight Line has a twelve month low of $126.01 and a twelve month high of $209.61.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its earnings results on Wednesday, February 4th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Old Dominion Freight Line had a return on equity of 24.03% and a net margin of 18.62%.The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the business posted $1.23 earnings per share. Equities research analysts predict that Old Dominion Freight Line will post 5.68 EPS for the current year.

Institutional Trading of Old Dominion Freight Line

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Old Dominion Freight Line in the 2nd quarter valued at approximately $371,961,000. Boston Partners acquired a new stake in Old Dominion Freight Line in the third quarter valued at $292,599,000. Two Sigma Investments LP lifted its position in shares of Old Dominion Freight Line by 637.5% in the third quarter. Two Sigma Investments LP now owns 1,576,470 shares of the transportation company’s stock valued at $221,935,000 after buying an additional 1,362,697 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Old Dominion Freight Line by 21.6% in the third 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 during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Old Dominion Freight Line by 21.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,544,588 shares of the transportation company’s stock worth $499,007,000 after buying an additional 622,275 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Key Old Dominion Freight Line News

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

• Positive Sentiment: Q4 results modestly beat expectations (EPS $1.09 vs. $1.06) and management set cautious Q1 revenue guidance ($1.25B–$1.30B), signaling the freight market may be stabilizing — investors viewed this as the start of a recovery. Old Dominion Freight Line: Already Trading On A Strong Recovery
• Positive Sentiment: Several analysts raised estimates/price targets after the quarter and called out the beat — the aggregate analyst activity (raises from Jefferies, Evercore, TD Cowen and others) supported upside momentum. Analysts Boost Their Forecasts After Better-Than-Expected Q4 Earnings
• Positive Sentiment: A large, high-profile price-target upgrade (reported coverage on the Morgan Stanley move) produced an outsized intraday jump earlier in the week, amplifying follow-through buying. Old Dominion Climbs 9.89% as Morgan Stanley Hikes PT
• Neutral Sentiment: Industry commentary and management commentary point to early signs of improvement — “freight market starting to feel a little bit better” — but language remains cautious and recovery is described as early/still uneven. Old Dominion: Freight market ‘starting to feel a little bit better’
• Neutral Sentiment: Mixed analyst activity: Citi reaffirmed neutral with a $216 PT while other shops moved ratings/targets (some to “hold”/“in-line”) — this broad but mixed analyst reaction keeps sentiment balanced rather than uniformly bullish. Citi Reaffirms Neutral
• Negative Sentiment: Revenue declined 5.7% Y/Y and LTL tons per day fell ~10.7% — volume weakness remains the primary headwind and a key reason some analysts trimmed ratings or kept conservative targets. Analyst note on volume declines
• Negative Sentiment: Some sell-side moves are negative: Robert W. Baird downgraded to underperform and other firms (Wells Fargo, JPMorgan in context) left targets below the current share price, creating downside risk if volume recovery stalls. Baird Downgrades Old Dominion
• Negative Sentiment: Regional economic commentary (Old Dominion University forecast) points to slowing local growth, a modest macro risk for freight demand if softening extends. Old Dominion University Economic Forecast

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.