JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Old Dominion Freight Line (NASDAQ:ODFL) Stock

Old Dominion Freight Line (NASDAQ:ODFL) had its price target raised by JPMorgan Chase & Co. from $150.00 to $168.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 17.02% from the stock’s previous close.

A number of other equities analysts have also commented on ODFL. Wells Fargo & Company boosted their price objective on shares of Old Dominion Freight Line from $138.00 to $165.00 and gave the stock an “underweight” rating in a research note on Thursday. UBS Group reaffirmed a “neutral” rating and set a $202.00 target price (up from $164.00) on shares of Old Dominion Freight Line in a report on Thursday. Morgan Stanley reissued an “overweight” rating and issued a $209.00 price target (up previously from $190.00) on shares of Old Dominion Freight Line in a research note on Wednesday. Benchmark reiterated a “hold” rating on shares of Old Dominion Freight Line in a report on Wednesday, December 3rd. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $170.00 price objective on shares of Old Dominion Freight Line in a research note on Monday, January 5th. Eight analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Old Dominion Freight Line presently has a consensus rating of “Hold” and an average price target of $181.50.

Old Dominion Freight Line Stock Up 0.2%

Shares of ODFL stock opened at $202.47 on Thursday. The firm has a market capitalization of $42.34 billion, a P/E ratio of 41.92, a P/E/G ratio of 10.18 and a beta of 1.28. Old Dominion Freight Line has a twelve month low of $126.01 and a twelve month high of $209.61. The stock’s fifty day simple moving average is $166.70 and its 200 day simple moving average is $151.77.

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 for the quarter, topping the consensus estimate of $1.06 by $0.03. Old Dominion Freight Line had a return on equity of 24.03% and a net margin of 18.62%.The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the business posted $1.23 earnings per share. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. As a group, equities research analysts expect that Old Dominion Freight Line will post 5.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Old Dominion Freight Line

Several large investors have recently modified their holdings of ODFL. Truist Financial Corp raised its position in shares of Old Dominion Freight Line by 12.9% in the 3rd quarter. Truist Financial Corp now owns 88,119 shares of the transportation company’s stock worth $12,405,000 after acquiring an additional 10,046 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in Old Dominion Freight Line in the third quarter worth about $1,999,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Old Dominion Freight Line by 10.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,271 shares of the transportation company’s stock valued at $11,441,000 after buying an additional 7,709 shares during the last quarter. Ascent Group LLC boosted its holdings in shares of Old Dominion Freight Line by 440.7% in the 3rd quarter. Ascent Group LLC now owns 8,564 shares of the transportation company’s stock valued at $1,206,000 after buying an additional 6,980 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in shares of Old Dominion Freight Line by 186.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 57,018 shares of the transportation company’s stock worth $8,027,000 after buying an additional 37,134 shares during the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line News Roundup

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.