Old Dominion Freight Line (NASDAQ:ODFL) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Old Dominion Freight Line (NASDAQ:ODFL) had its target price hoisted by investment analysts at Jefferies Financial Group from $160.00 to $195.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Jefferies Financial Group’s target price suggests a potential downside of 3.69% from the company’s current price.

ODFL has been the topic of a number of other reports. UBS Group reaffirmed a “neutral” rating and issued a $202.00 target price (up from $164.00) on shares of Old Dominion Freight Line in a report on Thursday. BMO Capital Markets raised Old Dominion Freight Line from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $172.00 to $170.00 in a research note on Monday, December 1st. Cantor Fitzgerald set a $165.00 price objective on Old Dominion Freight Line in a research note on Thursday, December 18th. Citigroup restated a “buy” rating and set a $196.00 target price (up previously from $170.00) on shares of Old Dominion Freight Line in a research note on Wednesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Old Dominion Freight Line from $180.00 to $167.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Eight 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, the company has a consensus rating of “Hold” and an average target price of $181.50.

Old Dominion Freight Line Stock Up 0.2%

Old Dominion Freight Line stock opened at $202.47 on Thursday. Old Dominion Freight Line has a 52-week low of $126.01 and a 52-week high of $209.61. The company has a market cap of $42.34 billion, a P/E ratio of 41.92, a P/E/G ratio of 10.18 and a beta of 1.28. The business has a 50-day simple moving average of $166.70 and a two-hundred day simple moving average of $151.77.

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

Hedge Funds Weigh In On Old Dominion Freight Line

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased 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 valued at $3,273,546,000 after acquiring an additional 494,674 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Old Dominion Freight Line by 21.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,366,843 shares of the transportation company’s stock valued at $614,764,000 after purchasing an additional 776,004 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Old Dominion Freight Line by 21.3% during the third quarter. JPMorgan Chase & Co. now owns 3,544,588 shares of the transportation company’s stock valued at $499,007,000 after purchasing an additional 622,275 shares in the last quarter. Norges Bank bought a new stake in shares of Old Dominion Freight Line in the second quarter worth about $371,961,000. Finally, Boston Partners purchased a new stake in shares of Old Dominion Freight Line in the third quarter worth about $292,599,000. Institutional investors own 77.82% of the company’s stock.

Key Stories Impacting Old Dominion Freight Line

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

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.