Old Dominion Freight Line (NASDAQ:ODFL) Price Target Raised to $176.00

Old Dominion Freight Line (NASDAQ:ODFL) had its price target upped by Rothschild & Co Redburn from $114.00 to $176.00 in a report released on Friday morning,MarketScreener reports. The brokerage currently has a sell rating on the transportation company’s stock.

Several other research analysts have also recently commented on ODFL. Wall Street Zen upgraded shares of Old Dominion Freight Line from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Stifel Nicolaus set a $217.00 price objective on shares of Old Dominion Freight Line in a research note on Thursday. Evercore lifted their price objective on shares of Old Dominion Freight Line from $150.00 to $200.00 and gave the stock an “in-line” rating in a research report on Thursday. Morgan Stanley reissued an “overweight” rating and set a $209.00 target price (up from $190.00) on shares of Old Dominion Freight Line in a research note on Wednesday. Finally, Robert W. Baird cut Old Dominion Freight Line from a “neutral” rating to an “underperform” rating and raised their target price for the stock from $166.00 to $204.00 in a research report 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 stock. Based on data from MarketBeat.com, Old Dominion Freight Line currently has a consensus rating of “Hold” and a consensus target price of $185.46.

Old Dominion Freight Line Trading Up 0.2%

ODFL stock opened at $202.47 on Friday. Old Dominion Freight Line has a 12-month low of $126.01 and a 12-month high of $209.61. The stock has a 50-day moving average price of $166.70 and a two-hundred day moving average price of $151.57. The company has a market cap of $42.34 billion, a PE ratio of 41.92, a price-to-earnings-growth ratio of 10.17 and a beta of 1.28.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly 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 firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Old Dominion Freight Line had a net margin of 18.62% and a return on equity of 24.03%. Old Dominion Freight Line’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.23 earnings per share. Equities analysts forecast that Old Dominion Freight Line will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Gravity Companies Inc. acquired a new stake in shares of Old Dominion Freight Line during the 2nd quarter worth about $26,000. Rossby Financial LCC bought a new stake in Old Dominion Freight Line during the second quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Old Dominion Freight Line by 175.7% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 193 shares of the transportation company’s stock worth $27,000 after buying an additional 123 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of Old Dominion Freight Line by 100.0% in the third quarter. Westside Investment Management Inc. now owns 196 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 98 shares during the last quarter. Finally, Torren Management LLC acquired a new position in shares of Old Dominion Freight Line in the 4th quarter worth approximately $41,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Old Dominion Freight Line News Roundup

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.