TD Cowen Forecasts Strong Price Appreciation for Old Dominion Freight Line (NASDAQ:ODFL) Stock

Old Dominion Freight Line (NASDAQ:ODFL) had its price target increased by TD Cowen from $167.00 to $180.00 in a research report issued on Thursday, MarketBeat Ratings reports. The firm currently has a “hold” rating on the transportation company’s stock. TD Cowen’s price objective suggests a potential downside of 11.10% from the company’s previous close.

A number of other equities research analysts have also weighed in on ODFL. Stephens restated an “overweight” rating and set a $190.00 price objective on shares of Old Dominion Freight Line in a research report on Tuesday, January 6th. 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 report on Monday, January 12th. Wolfe Research set a $138.00 price objective on shares of Old Dominion Freight Line in a report on Thursday, January 8th. Evercore set a $150.00 target price on shares of Old Dominion Freight Line and gave the stock an “in-line” rating in a research report on Monday, January 12th. Finally, Robert W. Baird lowered shares of Old Dominion Freight Line from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $166.00 to $204.00 in a report on Thursday. Eight analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Old Dominion Freight Line presently has an average rating of “Hold” and an average target price of $181.50.

Old Dominion Freight Line Trading Up 0.2%

Shares of Old Dominion Freight Line stock opened at $202.47 on Thursday. The firm’s 50 day moving average is $166.70 and its 200 day moving average is $151.77. The firm 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. Old Dominion Freight Line has a 1 year low of $126.01 and a 1 year high of $209.61.

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

Institutional Investors Weigh In On Old Dominion Freight Line

Large investors have recently modified their holdings of the company. Norges Bank acquired a new stake in Old Dominion Freight Line during the 2nd quarter worth about $371,961,000. Boston Partners bought a new stake in shares of Old Dominion Freight Line during the 3rd quarter valued at about $292,599,000. Two Sigma Investments LP boosted its position in shares of Old Dominion Freight Line by 637.5% during the 3rd quarter. Two Sigma Investments LP now owns 1,576,470 shares of the transportation company’s stock valued at $221,935,000 after purchasing an additional 1,362,697 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Old Dominion Freight Line by 21.3% in the third 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 in the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

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.