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

Old Dominion Freight Line (NASDAQ:ODFL) had its price target increased by Raymond James Financial from $180.00 to $213.00 in a research report report published on Friday,MarketScreener reports. Raymond James Financial currently has an outperform rating on the transportation company’s stock.

A number of other analysts have also commented on ODFL. Robert W. Baird lowered Old Dominion Freight Line from a “neutral” rating to an “underperform” rating and boosted their price objective for the stock from $166.00 to $204.00 in a report on Thursday. Deutsche Bank Aktiengesellschaft lowered Old Dominion Freight Line from a “buy” rating to a “hold” rating and set a $205.00 price target for the company. in a research report on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $195.00 price objective on shares of Old Dominion Freight Line in a report on Wednesday. Morgan Stanley reiterated an “overweight” rating and issued a $209.00 target price (up previously from $190.00) on shares of Old Dominion Freight Line in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Old Dominion Freight Line from $150.00 to $168.00 and gave the stock a “neutral” rating in a report on Thursday. Eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $185.46.

Old Dominion Freight Line Stock Up 0.2%

Shares of NASDAQ:ODFL opened at $202.47 on Friday. Old Dominion Freight Line has a twelve month low of $126.01 and a twelve month high of $209.61. The stock’s 50 day moving average is $166.70 and its 200-day moving average is $151.57. The firm has a market capitalization of $42.34 billion, a price-to-earnings ratio of 41.92, a PEG ratio of 10.17 and a beta of 1.28.

Old Dominion Freight Line (NASDAQ:ODFL) last issued its quarterly earnings data 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 firm had revenue of $1.31 billion during 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%. The business’s revenue was down 5.7% on a year-over-year basis. During the same period last year, the company earned $1.23 earnings per share. Equities research analysts anticipate that Old Dominion Freight Line will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

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

Institutional Trading of Old Dominion Freight Line

Large investors have recently modified their holdings of the business. Associated Banc Corp raised its stake in Old Dominion Freight Line by 141.1% in the fourth quarter. Associated Banc Corp now owns 125,788 shares of the transportation company’s stock valued at $19,724,000 after purchasing an additional 73,606 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Old Dominion Freight Line by 15.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,853 shares of the transportation company’s stock worth $447,000 after buying an additional 375 shares during the last quarter. Bristol Gate Capital Partners Inc. raised its position in shares of Old Dominion Freight Line by 35.5% during the 4th quarter. Bristol Gate Capital Partners Inc. now owns 549,239 shares of the transportation company’s stock valued at $86,121,000 after buying an additional 143,984 shares in the last quarter. Advisory Alpha LLC grew its position in Old Dominion Freight Line by 23.5% in the fourth quarter. Advisory Alpha LLC now owns 3,914 shares of the transportation company’s stock worth $614,000 after acquiring an additional 744 shares in the last quarter. Finally, Markel Group Inc. increased its stake in Old Dominion Freight Line by 17.5% in the fourth quarter. Markel Group Inc. now owns 421,650 shares of the transportation company’s stock valued at $66,115,000 after acquiring an additional 62,900 shares during the last quarter. Institutional investors 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

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.