TD Cowen Issues Positive Forecast for Old Dominion Freight Line (NASDAQ:ODFL) Stock Price

Old Dominion Freight Line (NASDAQ:ODFL) had its price target increased by TD Cowen from $167.00 to $180.00 in a research report sent to investors on Thursday, MarketBeat.com reports. They currently have a hold rating on the transportation company’s stock.

ODFL has been the topic of a number of other reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $195.00 price target on shares of Old Dominion Freight Line in a research report on Wednesday. Bank of America lifted 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Old Dominion Freight Line in a research report on Wednesday, October 8th. BMO Capital Markets upgraded shares of Old Dominion Freight Line from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $172.00 to $170.00 in a report on Monday, December 1st. Finally, Stifel Nicolaus boosted their price target on Old Dominion Freight Line from $173.00 to $188.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Nine investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, Old Dominion Freight Line currently has a consensus rating of “Hold” and a consensus target price of $180.67.

Old Dominion Freight Line Price Performance

Shares of Old Dominion Freight Line stock opened at $202.14 on Thursday. The company has a market capitalization of $42.27 billion, a price-to-earnings ratio of 41.85, a P/E/G ratio of 10.38 and a beta of 1.28. The business has a fifty day simple moving average of $165.35 and a two-hundred day simple moving average of $151.50. 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 announced its earnings results on Wednesday, February 4th. The transportation company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.06 by $0.03. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. Old Dominion Freight Line had a net margin of 18.62% and a return on equity of 24.03%. Old Dominion Freight Line’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.23 EPS. As a group, equities 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. Shareholders of record on Wednesday, March 4th will be issued a $0.29 dividend. The ex-dividend date is Wednesday, March 4th. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 0.6%. Old Dominion Freight Line’s dividend payout ratio is currently 22.54%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Brighton Jones LLC lifted its position in Old Dominion Freight Line by 5.3% in the 4th quarter. Brighton Jones LLC now owns 1,559 shares of the transportation company’s stock valued at $275,000 after acquiring an additional 79 shares in the last quarter. Empowered Funds LLC increased its holdings in Old Dominion Freight Line by 134.9% during the first quarter. Empowered Funds LLC now owns 10,213 shares of the transportation company’s stock worth $1,690,000 after buying an additional 5,866 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Old Dominion Freight Line during the 2nd quarter worth approximately $115,000. Shell Asset Management Co. increased its position in Old Dominion Freight Line by 36.4% in the second quarter. Shell Asset Management Co. now owns 10,405 shares of the transportation company’s stock worth $1,689,000 after buying an additional 2,775 shares during the last quarter. Finally, Callan Family Office LLC purchased a new stake in Old Dominion Freight Line in the 2nd quarter worth about $610,000. 77.82% of the stock is owned by 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.