Old Dominion Freight Line (NASDAQ:ODFL) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Old Dominion Freight Line (NASDAQ:ODFL) had its price objective hoisted by investment analysts at Wells Fargo & Company from $138.00 to $165.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price objective points to a potential downside of 18.51% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. BMO Capital Markets upgraded Old Dominion Freight Line from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $172.00 to $170.00 in a research note on Monday, December 1st. Susquehanna restated a “neutral” rating and set a $170.00 price objective on shares of Old Dominion Freight Line in a report on Monday, January 5th. Truist Financial lifted their target price on shares of Old Dominion Freight Line from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Citigroup reissued a “buy” rating and set a $196.00 target price (up previously from $170.00) on shares of Old Dominion Freight Line in a research report on Wednesday, January 7th. Finally, Zacks Research cut shares of Old Dominion Freight Line from a “hold” rating to a “strong sell” rating in a report on Thursday, January 8th. Eight investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Old Dominion Freight Line presently has a consensus rating of “Hold” and a consensus target price of $181.50.

Old Dominion Freight Line Stock Up 0.2%

Shares of ODFL opened at $202.47 on Thursday. The company has a 50 day moving average of $166.70 and a two-hundred day moving average of $151.77. Old Dominion Freight Line has a twelve month low of $126.01 and a twelve month high of $209.61. The company has a market cap of $42.34 billion, a price-to-earnings ratio of 41.92, a price-to-earnings-growth ratio of 10.18 and a beta of 1.28.

Old Dominion Freight Line (NASDAQ:ODFL) last issued 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 business 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 business’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.23 earnings per share. On average, sell-side analysts expect that Old Dominion Freight Line will post 5.68 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Associated Banc Corp lifted its position in Old Dominion Freight Line by 141.1% during the fourth quarter. Associated Banc Corp now owns 125,788 shares of the transportation company’s stock valued at $19,724,000 after purchasing an additional 73,606 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Old Dominion Freight Line by 15.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,853 shares of the transportation company’s stock valued at $447,000 after buying an additional 375 shares during the last quarter. Bristol Gate Capital Partners Inc. lifted its holdings in shares of Old Dominion Freight Line by 35.5% in the 4th quarter. Bristol Gate Capital Partners Inc. now owns 549,239 shares of the transportation company’s stock valued at $86,121,000 after buying an additional 143,984 shares during the period. Advisory Alpha LLC boosted its stake in shares of Old Dominion Freight Line by 23.5% in the fourth quarter. Advisory Alpha LLC now owns 3,914 shares of the transportation company’s stock worth $614,000 after buying an additional 744 shares during the last quarter. Finally, Markel Group Inc. grew its holdings in Old Dominion Freight Line by 17.5% during the fourth quarter. Markel Group Inc. now owns 421,650 shares of the transportation company’s stock worth $66,115,000 after acquiring an additional 62,900 shares during the period. Hedge funds and other institutional investors own 77.82% of the company’s stock.

More Old Dominion Freight Line News

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

• Positive Sentiment: Q4 results modestly beat expectations (EPS $1.09 vs. $1.06) and management set cautious Q1 revenue guidance ($1.25B–$1.30B), signaling the freight market may be stabilizing — investors viewed this as the start of a recovery. Old Dominion Freight Line: Already Trading On A Strong Recovery
• Positive Sentiment: Several analysts raised estimates/price targets after the quarter and called out the beat — the aggregate analyst activity (raises from Jefferies, Evercore, TD Cowen and others) supported upside momentum. Analysts Boost Their Forecasts After Better-Than-Expected Q4 Earnings
• Positive Sentiment: A large, high-profile price-target upgrade (reported coverage on the Morgan Stanley move) produced an outsized intraday jump earlier in the week, amplifying follow-through buying. Old Dominion Climbs 9.89% as Morgan Stanley Hikes PT
• Neutral Sentiment: Industry commentary and management commentary point to early signs of improvement — “freight market starting to feel a little bit better” — but language remains cautious and recovery is described as early/still uneven. Old Dominion: Freight market ‘starting to feel a little bit better’
• Neutral Sentiment: Mixed analyst activity: Citi reaffirmed neutral with a $216 PT while other shops moved ratings/targets (some to “hold”/“in-line”) — this broad but mixed analyst reaction keeps sentiment balanced rather than uniformly bullish. Citi Reaffirms Neutral
• Negative Sentiment: Revenue declined 5.7% Y/Y and LTL tons per day fell ~10.7% — volume weakness remains the primary headwind and a key reason some analysts trimmed ratings or kept conservative targets. Analyst note on volume declines
• Negative Sentiment: Some sell-side moves are negative: Robert W. Baird downgraded to underperform and other firms (Wells Fargo, JPMorgan in context) left targets below the current share price, creating downside risk if volume recovery stalls. Baird Downgrades Old Dominion
• Negative Sentiment: Regional economic commentary (Old Dominion University forecast) points to slowing local growth, a modest macro risk for freight demand if softening extends. Old Dominion University Economic Forecast

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.