Old Dominion Freight Line (NASDAQ:ODFL) Price Target Raised to $197.00

Old Dominion Freight Line (NASDAQ:ODFL) had its price objective increased by research analysts at JPMorgan Chase & Co. from $183.00 to $197.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 7.26% from the stock’s previous close.

Several other research firms also recently commented on ODFL. Deutsche Bank Aktiengesellschaft downgraded shares of 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 note on Thursday, February 5th. Barclays set a $210.00 target price on Old Dominion Freight Line and gave the company an “equal weight” rating in a report on Thursday. The Goldman Sachs Group set a $216.00 price target on Old Dominion Freight Line and gave the stock a “neutral” rating in a report on Thursday. UBS Group reaffirmed a “neutral” rating and issued a $202.00 price target (up from $164.00) on shares of Old Dominion Freight Line in a research report on Thursday, February 5th. Finally, Rothschild & Co Redburn lifted their price objective on Old Dominion Freight Line from $114.00 to $176.00 and gave the company a “sell” rating in a research note on Friday, February 6th. Eight equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $203.21.

Old Dominion Freight Line Stock Performance

Shares of ODFL traded up $3.08 during mid-day trading on Thursday, hitting $212.43. 3,042,911 shares of the company’s stock were exchanged, compared to its average volume of 2,270,918. The stock’s 50-day moving average is $200.65 and its 200-day moving average is $172.59. Old Dominion Freight Line has a fifty-two week low of $126.01 and a fifty-two week high of $233.79. The company has a market cap of $44.25 billion, a price-to-earnings ratio of 43.98, a P/E/G ratio of 4.62 and a beta of 1.20.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. Old Dominion Freight Line had a net margin of 18.62% and a return on equity of 24.03%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the business posted $1.19 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Old Dominion Freight Line will post 5.13 EPS for the current year.

Insider Buying and Selling at Old Dominion Freight Line

In related news, Chairman David S. Congdon sold 52,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $194.77, for a total transaction of $10,128,040.00. Following the transaction, the chairman owned 712,800 shares of the company’s stock, valued at $138,832,056. This trade represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Earl E. Congdon sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $196.13, for a total value of $4,903,250.00. Following the completion of the transaction, the insider owned 2,162,113 shares in the company, valued at $424,055,222.69. This trade represents a 1.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 80,134 shares of company stock worth $15,640,132. 10.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Old Dominion Freight Line in the fourth quarter valued at approximately $444,983,000. Boston Partners acquired a new stake in shares of Old Dominion Freight Line during the third quarter worth $292,599,000. Price T Rowe Associates Inc. MD grew its position in Old Dominion Freight Line by 14.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,223,960 shares of the transportation company’s stock valued at $2,230,318,000 after buying an additional 1,761,511 shares during the last quarter. Two Sigma Investments LP increased its stake in Old Dominion Freight Line by 637.5% in 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 buying an additional 1,362,697 shares during the period. Finally, Life Cycle Investment Partners Ltd acquired a new position in Old Dominion Freight Line in the 4th quarter valued at $188,651,000. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Old Dominion Freight Line

Here are the key news stories impacting Old Dominion Freight Line this week:

• Positive Sentiment: Q1 earnings beat consensus — ODFL reported $1.14 EPS vs. $1.05 expected and revenue of $1.335B; several analysts raised forecasts and price targets after the print, supporting the stock’s strength. Old Dominion Freight Line Analysts Increase Their Forecasts Following Strong Q1 Earnings
• Positive Sentiment: Morgan Stanley raised its PT to $215 and kept an overweight rating — a supportive signal from a major house that trims concern about near-term weakness. Morgan Stanley raises PT to $215
• Positive Sentiment: Market reaction also reflected optimism for an industrial rebound and early-April trends management flagged (revenue/day improving even as tonnage stayed soft). This narrative helped shares recover after initial weakness. ODFL surged on optimism over industrial activity rebound
• Neutral Sentiment: Earnings call transcript and management commentary are available for investors seeking detail on volume trends, pricing and cost dynamics — useful for modeling whether pricing will offset the volume downturn. Q1 earnings call transcript
• Neutral Sentiment: Company reaffirmed full-year capex of ~$265M — stable capital guidance reduces one source of uncertainty but is not a growth catalyst. Zacks: Q1 earnings & guidance summary
• Negative Sentiment: Underlying volume weakness: LTL tons/day fell ~7.7% and shipments/day fell ~7.9% YoY, signaling demand softness that pressures operating leverage. Investors flagged this as a key headwind. QuiverQuant: slides as investors weigh volume declines
• Negative Sentiment: Operating ratio worsened (higher overhead as revenue declined) — management cited deleveraging, which reduces margin upside until volumes recover. That drove some profit-taking. QuiverQuant: analysis of operating ratio impact
• Negative Sentiment: Some analysts remain cautious — Wells Fargo set an “equal weight” rating and a $205 target (below the stock price at the time of the note), creating mixed signals for investors. Wells Fargo equal weight / $205 PT

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.