Raymond James Financial Increases Old Dominion Freight Line (NASDAQ:ODFL) Price Target to $213.00

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

Several other brokerages have also recently issued reports on ODFL. Deutsche Bank Aktiengesellschaft cut shares of Old Dominion Freight Line from a “buy” rating to a “hold” rating and set a $205.00 target price on the stock. in a research note on Thursday. Robert W. Baird lowered shares of Old Dominion Freight Line from a “neutral” rating to an “underperform” rating and boosted their price target for the stock from $166.00 to $204.00 in a research report on Thursday. Morgan Stanley reiterated an “overweight” rating and issued a $209.00 price objective (up previously from $190.00) on shares of Old Dominion Freight Line in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on Old Dominion Freight Line from $150.00 to $168.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, TD Cowen upped their price target on Old Dominion Freight Line from $167.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday. Eight investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Old Dominion Freight Line has an average rating of “Hold” and a consensus target price of $185.46.

Old Dominion Freight Line Trading Up 0.2%

NASDAQ:ODFL opened at $202.47 on Friday. The company has a market capitalization of $42.34 billion, a P/E ratio of 41.92, a PEG ratio of 10.18 and a beta of 1.28. The firm has a fifty day simple moving average of $166.70 and a 200-day simple moving average of $151.77. Old Dominion Freight Line has a 12 month low of $126.01 and a 12 month high of $209.61.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly earnings data on Wednesday, February 4th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. Old Dominion Freight Line had a net margin of 18.62% and a return on equity of 24.03%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the firm posted $1.23 earnings per share. The company’s revenue was down 5.7% compared to the same quarter last year. Equities analysts forecast that Old Dominion Freight Line will post 5.68 EPS for the current year.

Institutional Investors Weigh In On Old Dominion Freight Line

A number of large investors have recently added to or reduced their stakes in the business. Financial Gravity Companies Inc. purchased a new stake in Old Dominion Freight Line in the 2nd quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Old Dominion Freight Line by 175.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 193 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 123 shares during the period. Westside Investment Management Inc. increased its stake in Old Dominion Freight Line by 100.0% in the third quarter. Westside Investment Management Inc. now owns 196 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 98 shares during the last quarter. Rossby Financial LCC purchased a new position in Old Dominion Freight Line during the second quarter worth about $28,000. Finally, Raiffeisen Bank International AG acquired a new stake in Old Dominion Freight Line in the 3rd quarter worth about $37,000. 77.82% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Old Dominion Freight Line

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.