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 increased by investment analysts at Wells Fargo & Company from $138.00 to $165.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 19.37% from the stock’s previous close.

ODFL has been the topic of several other reports. Barclays set a $185.00 target price on Old Dominion Freight Line in a report on Thursday. Citigroup reaffirmed a “buy” rating and set a $196.00 price target (up previously from $170.00) on shares of Old Dominion Freight Line in a report on Wednesday, January 7th. Benchmark restated a “hold” rating on shares of Old Dominion Freight Line in a research report on Wednesday, December 3rd. Wall Street Zen upgraded Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Old Dominion Freight Line in a report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, Old Dominion Freight Line has a consensus rating of “Hold” and an average target price of $175.46.

Old Dominion Freight Line Trading Down 1.9%

Shares of Old Dominion Freight Line stock traded down $3.91 during trading hours on Thursday, reaching $204.63. The stock had a trading volume of 1,271,863 shares, compared to its average volume of 2,186,714. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.02. Old Dominion Freight Line has a 1 year low of $126.01 and a 1 year high of $209.61. The firm has a 50 day simple moving average of $164.01 and a two-hundred day simple moving average of $151.15. The firm has a market capitalization of $42.79 billion, a price-to-earnings ratio of 41.01, a P/E/G ratio of 9.43 and a beta of 1.28.

Old Dominion Freight Line (NASDAQ:ODFL) last announced its 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. Old Dominion Freight Line had a return on equity of 24.92% and a net margin of 18.97%.The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the firm earned $1.23 earnings per share. Old Dominion Freight Line’s revenue for the quarter was down 5.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Old Dominion Freight Line will post 5.68 earnings per share for the current year.

Institutional Trading of Old Dominion Freight Line

Several large investors have recently modified their holdings of the stock. Norges Bank bought a new position in Old Dominion Freight Line during the second quarter worth $371,961,000. Boston Partners acquired a new position in shares of Old Dominion Freight Line during the third quarter valued at about $292,599,000. Two Sigma Investments LP boosted its position in shares of Old Dominion Freight Line by 637.5% during the 3rd quarter. Two Sigma Investments LP now owns 1,576,470 shares of the transportation company’s stock worth $221,935,000 after purchasing an additional 1,362,697 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Old Dominion Freight Line by 21.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,366,843 shares of the transportation company’s stock valued at $614,764,000 after buying an additional 776,004 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Old Dominion Freight Line by 21.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,544,588 shares of the transportation company’s stock valued at $499,007,000 after buying an additional 622,275 shares in the last quarter. Institutional investors and hedge funds 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: Morgan Stanley raised its price target (a ~10% upgrade reported) and that upgrade was cited as a direct catalyst for the intraday rally. Old Dominion (ODFL) Climbs as Morgan Stanley Hikes PT
• Positive Sentiment: Q4 results beat consensus modestly — GAAP EPS $1.09 vs. $1.06 estimate and revenue ~$1.31B in line/just above estimates — and the company raised the quarterly dividend to $0.29, signaling confidence in cash flow. Those items support near-term upside. Old Dominion Beats on Q4 Earnings and Revenues, Hikes Dividend
• Positive Sentiment: Company commentary and coverage highlight pricing power — ODFL was able to protect margins despite softer volumes (operating ratio ~76.7%), which investors view as a structural advantage if volumes recover. Old Dominion Proves Pricing Power In A Tough Trucking Market
• Neutral Sentiment: Q4 sales were broadly in line with estimates and management gave a Q1 revenue target of $1.25B–$1.30B, describing “cautious optimism” — supportive but conservative guidance that keeps expectations muted until volumes improve. Old Dominion posts Q4 sales in line with estimates
• Negative Sentiment: Jefferies lifted its price target to $195 but keeps a “hold” rating; the updated PT still implies downside from current levels, which may cap upward momentum. Jefferies raises PT to $195 (Benzinga)
• Negative Sentiment: TD Cowen raised its target to $180 while maintaining a “hold,” another note that lifts valuation assumptions but signals limited near-term upside and implies material downside vs. the current price. TD Cowen raises PT to $180
• Negative Sentiment: Robert W. Baird downgraded ODFL from Neutral to Underperform even after increasing its target to $204, signaling concern that the stock’s momentum is outpacing fundamentals. Baird downgrades to Underperform
• Negative Sentiment: Several reports flagged softer revenue/volume trends in the quarter and a challenging freight market — a reminder that earnings beats have come with lower shipment demand, which is the primary risk to a sustained recovery. Shares drop as revenue declines

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.