Old Dominion Freight Line’s (ODFL) “Neutral” Rating Reaffirmed at Citigroup

Old Dominion Freight Line (NASDAQ:ODFL)‘s stock had its “neutral” rating reaffirmed by investment analysts at Citigroup in a research note issued on Friday. They presently have a $216.00 price objective on the transportation company’s stock. Citigroup’s price objective indicates a potential upside of 6.86% from the company’s previous close.

ODFL has been the subject of a number of other reports. Truist Financial set a $225.00 price target on shares of Old Dominion Freight Line in a research note on Thursday. The Goldman Sachs Group restated a “buy” rating and set a $195.00 target price on shares of Old Dominion Freight Line in a research report on Wednesday. UBS Group reiterated a “neutral” rating and issued a $202.00 price target (up from $164.00) on shares of Old Dominion Freight Line in a report on Thursday. Wells Fargo & Company boosted their price objective on Old Dominion Freight Line from $138.00 to $165.00 and gave the company an “underweight” rating in a report on Thursday. Finally, Rothschild & Co Redburn assumed coverage on Old Dominion Freight Line in a research note on Wednesday, November 26th. They issued a “sell” rating and a $114.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $181.50.

Old Dominion Freight Line Price Performance

Shares of NASDAQ:ODFL opened at $202.14 on Friday. The firm’s 50 day simple moving average is $165.35 and its two-hundred day simple moving average is $151.50. The company has a market capitalization of $42.27 billion, a P/E ratio of 41.85, a P/E/G ratio of 10.38 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 posted its quarterly earnings results on Wednesday, February 4th. The transportation company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Old Dominion Freight Line had a return on equity of 24.03% and a net margin of 18.62%.The firm’s revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 EPS. On average, sell-side analysts anticipate that Old Dominion Freight Line will post 5.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Financial Gravity Companies Inc. purchased a new position in shares of Old Dominion Freight Line in the second quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. raised its stake 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 acquiring an additional 123 shares during the last quarter. Westside Investment Management Inc. lifted its position in Old Dominion Freight Line by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 196 shares of the transportation company’s stock worth $27,000 after acquiring an additional 98 shares during the period. Rossby Financial LCC purchased a new stake in Old Dominion Freight Line during the 2nd quarter valued at about $28,000. Finally, Raiffeisen Bank International AG acquired a new position in shares of Old Dominion Freight Line in the third quarter valued at about $37,000. 77.82% of the stock is 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 earnings and metrics beat expectations (EPS $1.09 vs $1.06; revenue $1.31B) and Old Dominion highlighted pricing power; the company also raised the quarterly dividend to $0.29 — supportive for the stock. Earnings beat and dividend
• Positive Sentiment: Several analysts raised price targets after the quarter and at least one large bank (Morgan Stanley) materially boosted its target, helping drive intraday gains and positive momentum. Morgan Stanley hikes PT Analyst boosts
• Neutral Sentiment: Analyst updates are mixed in tone — many firms raised price targets but left ratings as Hold/Neutral or Underweight, so the net sell‑side view is heterogeneous. Analyst note summary
• Neutral Sentiment: Macro/regional context: local economic headwinds in Virginia and slower growth forecasts for Hampton Roads could temper demand recovery in ODFL’s operating footprint. Regional economic outlook
• Negative Sentiment: Volume and revenue weakness: revenue fell ~5.7% Y/Y and LTL tons per day dropped ~10.7% Y/Y; management gave a cautious Q1 revenue target of $1.25B–$1.30B — headwinds for growth expectations. Q1 guidance and volume weakness
• Negative Sentiment: Some sell‑side actions were bearish or downgraded despite higher targets (e.g., Baird moved to Underperform; Wells Fargo maintained an Underweight) — adds downside-risk narratives for more cautious investors. Baird downgrade

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.