Old Dominion Freight Line (NASDAQ:ODFL) Price Target Raised to $195.00 at Jefferies Financial Group

Old Dominion Freight Line (NASDAQ:ODFL) had its price target upped by Jefferies Financial Group from $160.00 to $195.00 in a report released on Thursday,Benzinga reports. The firm currently has a hold rating on the transportation company’s stock.

Other equities analysts have also recently issued reports about the stock. Evercore ISI set a $150.00 target price on shares of Old Dominion Freight Line and gave the company an “in-line” rating in a report on Monday, January 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Old Dominion Freight Line from $180.00 to $167.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Susquehanna reaffirmed a “neutral” rating and issued a $170.00 target price on shares of Old Dominion Freight Line in a report on Monday, January 5th. Rothschild Redb raised Old Dominion Freight Line to a “strong sell” rating in a report on Wednesday, November 26th. Finally, Wells Fargo & Company reduced their price objective on Old Dominion Freight Line from $145.00 to $138.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, Old Dominion Freight Line currently has a consensus rating of “Hold” and a consensus price target of $180.67.

Old Dominion Freight Line Stock Performance

ODFL opened at $202.14 on Thursday. Old Dominion Freight Line has a one year low of $126.01 and a one year high of $209.61. The stock has a market capitalization of $42.27 billion, a P/E ratio of 41.85, a price-to-earnings-growth ratio of 10.38 and a beta of 1.28. The business’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 released its quarterly earnings results on Wednesday, February 4th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 EPS. On average, equities research analysts forecast that Old Dominion Freight Line will post 5.68 EPS for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.16 dividend on an annualized basis and a yield of 0.6%. This is a boost from Old Dominion Freight Line’s previous quarterly dividend of $0.28. Old Dominion Freight Line’s dividend payout ratio is presently 22.54%.

Hedge Funds Weigh In On Old Dominion Freight Line

A number of large investors have recently modified their holdings of ODFL. Financial Gravity Companies Inc. acquired a new position in Old Dominion Freight Line during the second quarter worth $26,000. Rossby Financial LCC purchased a new stake in shares of Old Dominion Freight Line during the 2nd quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. grew 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 worth $27,000 after purchasing an additional 123 shares during the period. Westside Investment Management Inc. grew its stake 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 worth $27,000 after purchasing an additional 98 shares during the period. Finally, Torren Management LLC purchased a new position in shares of Old Dominion Freight Line in the 4th quarter valued at about $41,000. 77.82% of the stock is owned by hedge funds and other institutional investors.

Old Dominion Freight Line News Summary

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.