Wells Fargo & Company Issues Positive Forecast for Old Dominion Freight Line (NASDAQ:ODFL) Stock Price

Old Dominion Freight Line (NASDAQ:ODFL) had its price target increased by Wells Fargo & Company from $138.00 to $165.00 in a report released on Thursday morning,Benzinga reports. They currently have an underweight rating on the transportation company’s stock.

A number of other equities research analysts have also issued reports on the company. Susquehanna reaffirmed a “neutral” rating and set a $170.00 target price on shares of Old Dominion Freight Line in a research report on Monday, January 5th. Wolfe Research set a $138.00 price target on Old Dominion Freight Line in a research note on Thursday, January 8th. Bank of America upped their price objective on shares of Old Dominion Freight Line from $147.00 to $149.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Raymond James Financial raised their target price on shares of Old Dominion Freight Line from $155.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Finally, Evercore ISI set a $150.00 target price on shares of Old Dominion Freight Line and gave the stock an “in-line” rating in a research report on Monday, January 12th. Nine investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $180.67.

Old Dominion Freight Line Price Performance

NASDAQ ODFL opened at $202.14 on Thursday. Old Dominion Freight Line has a 12 month low of $126.01 and a 12 month high of $209.61. The company has a market capitalization of $42.27 billion, a P/E ratio of 41.85, a PEG ratio of 10.38 and a beta of 1.28. The company’s 50 day simple moving average is $165.35 and its 200 day simple moving average is $151.50.

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, topping the consensus estimate of $1.06 by $0.03. The firm 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 firm’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.23 earnings per share. On average, analysts anticipate that Old Dominion Freight Line will post 5.68 earnings per share 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. Stockholders of record on Wednesday, March 4th will be issued a $0.29 dividend. 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%. This is a positive change from Old Dominion Freight Line’s previous quarterly dividend of $0.28. Old Dominion Freight Line’s dividend payout ratio is currently 22.54%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Financial Gravity Companies Inc. acquired a new position in Old Dominion Freight Line in the 2nd quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Old Dominion Freight Line by 175.7% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 193 shares of the transportation company’s stock valued at $27,000 after buying an additional 123 shares during the period. Westside Investment Management Inc. grew its holdings in shares of 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 valued at $27,000 after acquiring an additional 98 shares in the last quarter. Rossby Financial LCC acquired a new position in shares of Old Dominion Freight Line in the second quarter worth $28,000. Finally, Raiffeisen Bank International AG acquired a new position in shares of Old Dominion Freight Line in the third quarter worth $37,000. 77.82% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Old Dominion Freight Line

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

• Positive Sentiment: Q4 results beat EPS expectations and management raised the quarterly dividend (3.6% increase); company highlighted pricing power and a 76.7% operating ratio, which underpin longer‑term profitability. Conference Release
• Positive Sentiment: Some brokers raised price targets after the quarter (e.g., Morgan Stanley moved its target higher), which helped earlier upside momentum before the pullback. Morgan Stanley PT Hike
• Neutral Sentiment: Top-line dynamics are mixed — revenue beat estimates narrowly ($1.307B vs ~$1.298B) but revenue was down ~5.7% Y/Y and LTL tons per day fell ~10.7%, pointing to weak freight demand that could limit near‑term growth. Q4 Details
• Neutral Sentiment: Regional economic commentary (Old Dominion University) flags headwinds for Virginia/Hampton Roads growth in 2026 — contextual macro risk for regional freight demand. Regional Forecast
• Negative Sentiment: Several analysts issued cautious/negative stances or set price targets below the current share price (e.g., JPMorgan PT $168 neutral; Wells Fargo PT $165 underweight), creating headline pressure and signaling limited near‑term upside in sell‑side expectations. Analyst Notes
• Negative Sentiment: Robert W. Baird downgraded ODFL to underperform (even as it bumped its PT), and other negative/downgrade headlines (reported on MSN/Benzinga) amplified investor caution after the earnings release. Baird Downgrade

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.