Old Dominion Freight Line (NASDAQ:ODFL) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Old Dominion Freight Line (NASDAQ:ODFL) had its price objective raised by analysts at Raymond James Financial from $180.00 to $213.00 in a report released on Friday,MarketScreener reports. The firm presently has an “outperform” rating on the transportation company’s stock. Raymond James Financial’s price target would suggest a potential upside of 5.20% from the company’s current price.

Several other research firms have also weighed in on ODFL. 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. Benchmark restated a “hold” rating on shares of Old Dominion Freight Line in a research report on Wednesday, December 3rd. UBS Group reaffirmed a “neutral” rating and set a $202.00 price objective (up from $164.00) on shares of Old Dominion Freight Line in a research note on Thursday. Citigroup lowered shares of Old Dominion Freight Line from a “buy” rating to a “neutral” rating and set a $216.00 price objective for the company. in a report on Friday. Finally, TD Cowen boosted their target price on Old Dominion Freight Line from $167.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday. Eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Old Dominion Freight Line currently has an average rating of “Hold” and a consensus target price of $185.46.

Old Dominion Freight Line Trading Up 0.2%

ODFL stock opened at $202.47 on Friday. The firm has a market cap of $42.34 billion, a P/E ratio of 41.92, a P/E/G ratio of 10.20 and a beta of 1.28. Old Dominion Freight Line has a 1-year low of $126.01 and a 1-year high of $209.61. The business’s 50 day moving average is $166.70 and its 200-day moving average is $151.67.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its quarterly earnings results on Wednesday, February 4th. The transportation company reported $1.09 EPS for the quarter, beating 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 business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm earned $1.23 EPS. Old Dominion Freight Line’s quarterly revenue was down 5.7% on a year-over-year basis. Sell-side analysts forecast that Old Dominion Freight Line will post 5.68 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Verdence Capital Advisors LLC lifted its stake in shares of Old Dominion Freight Line by 1.2% during the fourth quarter. Verdence Capital Advisors LLC now owns 5,181 shares of the transportation company’s stock valued at $812,000 after acquiring an additional 60 shares during the period. Diversified Trust Co. increased its position in Old Dominion Freight Line by 1.7% in the fourth quarter. Diversified Trust Co. now owns 3,883 shares of the transportation company’s stock worth $609,000 after purchasing an additional 65 shares during the period. Stephens Inc. AR raised its holdings in Old Dominion Freight Line by 0.7% during the 2nd quarter. Stephens Inc. AR now owns 10,261 shares of the transportation company’s stock worth $1,665,000 after purchasing an additional 67 shares during the last quarter. YANKCOM Partnership lifted its position in Old Dominion Freight Line by 9.1% during the 2nd quarter. YANKCOM Partnership now owns 818 shares of the transportation company’s stock valued at $133,000 after purchasing an additional 68 shares during the period. Finally, Legacy Capital Wealth Partners LLC lifted its position in Old Dominion Freight Line by 4.4% during the 2nd quarter. Legacy Capital Wealth Partners LLC now owns 1,674 shares of the transportation company’s stock valued at $272,000 after purchasing an additional 71 shares during the period. 77.82% of the stock is currently owned by institutional investors.

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

Old Dominion Freight Line Company Profile

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.