Old Dominion Freight Line (NASDAQ:ODFL) Price Target Raised to $168.00

Old Dominion Freight Line (NASDAQ:ODFL) had its price objective upped by JPMorgan Chase & Co. from $150.00 to $168.00 in a report released on Thursday,Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

A number of other brokerages have also recently issued reports on ODFL. Weiss Ratings reissued a “hold (c-)” rating on shares of Old Dominion Freight Line in a report on Wednesday, October 8th. Citigroup reaffirmed a “buy” rating and issued a $196.00 price target (up from $170.00) on shares of Old Dominion Freight Line in a report on Wednesday, January 7th. Robert W. Baird cut Old Dominion Freight Line from a “neutral” rating to an “underperform” rating and lifted their price target for the company from $166.00 to $204.00 in a research report on Thursday. Stifel Nicolaus set a $217.00 price objective on Old Dominion Freight Line in a research note on Thursday. Finally, Wells Fargo & Company raised their target price on Old Dominion Freight Line from $138.00 to $165.00 and gave the stock an “underweight” rating in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $185.46.

Old Dominion Freight Line Stock Up 0.2%

NASDAQ ODFL opened at $202.47 on Thursday. The company has a market cap of $42.34 billion, a PE ratio of 41.92, a price-to-earnings-growth ratio of 10.20 and a beta of 1.28. Old Dominion Freight Line has a 52 week low of $126.01 and a 52 week high of $209.61. The firm’s 50-day simple moving average is $166.70 and its two-hundred day simple moving average is $151.67.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly 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. The company 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.23 earnings per share. As a group, equities research analysts anticipate that Old Dominion Freight Line will post 5.68 EPS for the current year.

Old Dominion Freight Line Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be paid a $0.29 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $1.16 dividend on an annualized basis and a yield of 0.6%. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.28. Old Dominion Freight Line’s dividend payout ratio is currently 23.19%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Financial Gravity Companies Inc. bought a new stake in shares of Old Dominion Freight Line in the 2nd quarter worth approximately $26,000. Rossby Financial LCC purchased a new position in Old Dominion Freight Line in the 2nd quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. raised its position in 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 purchasing an additional 123 shares during the period. Westside Investment Management Inc. boosted its position in 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 valued at $27,000 after buying an additional 98 shares during the period. Finally, Torren Management LLC bought a new position in shares of Old Dominion Freight Line during the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line News Summary

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.