Old Dominion Freight Line (NASDAQ:ODFL) Price Target Raised to $168.00 at JPMorgan Chase & Co.

Old Dominion Freight Line (NASDAQ:ODFL) had its price objective increased by stock analysts at JPMorgan Chase & Co. from $150.00 to $168.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 16.89% from the stock’s current price.

Several other research firms have also recently issued reports on ODFL. Stifel Nicolaus set a $217.00 price target on shares of Old Dominion Freight Line in a research note on Thursday. Rothschild & Co Redburn began coverage on Old Dominion Freight Line in a report on Wednesday, November 26th. They issued a “sell” rating and a $114.00 target price on the stock. Jefferies Financial Group boosted their price objective on shares of Old Dominion Freight Line from $160.00 to $195.00 and gave the stock a “hold” rating in a research note on Thursday. TD Cowen upped their target price on Old Dominion Freight Line from $167.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Zacks Research downgraded shares of Old Dominion Freight Line from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 8th. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, Old Dominion Freight Line presently has an average rating of “Hold” and a consensus price target of $179.08.

Old Dominion Freight Line Stock Performance

Shares of ODFL traded down $6.40 during mid-day trading on Thursday, hitting $202.14. 4,225,284 shares of the company’s stock were exchanged, compared to its average volume of 2,320,873. Old Dominion Freight Line has a fifty-two week low of $126.01 and a fifty-two week high of $209.61. The business’s 50 day moving average is $164.01 and its two-hundred day moving average is $151.15. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $42.27 billion, a P/E ratio of 40.67, a P/E/G ratio of 9.43 and a beta of 1.28.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Wednesday, February 4th. The transportation company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.06 by $0.03. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Old Dominion Freight Line had a net margin of 18.97% and a return on equity of 24.92%. The business’s revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the business earned $1.23 EPS. On average, equities analysts expect that Old Dominion Freight Line will post 5.68 earnings per share for the current year.

Institutional Investors Weigh In On Old Dominion Freight Line

A number of institutional investors and hedge funds have recently bought and sold shares of ODFL. Brighton Jones LLC grew its position in Old Dominion Freight Line by 5.3% during the 4th quarter. Brighton Jones LLC now owns 1,559 shares of the transportation company’s stock worth $275,000 after purchasing an additional 79 shares in the last quarter. Empowered Funds LLC raised its position in Old Dominion Freight Line by 134.9% during the first quarter. Empowered Funds LLC now owns 10,213 shares of the transportation company’s stock valued at $1,690,000 after buying an additional 5,866 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Old Dominion Freight Line during the second quarter worth approximately $115,000. Shell Asset Management Co. grew its holdings in shares of Old Dominion Freight Line by 36.4% during the 2nd quarter. Shell Asset Management Co. now owns 10,405 shares of the transportation company’s stock valued at $1,689,000 after acquiring an additional 2,775 shares in the last quarter. Finally, Callan Family Office LLC acquired a new position in shares of Old Dominion Freight Line in the second quarter worth $610,000. 77.82% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Old Dominion Freight Line

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

• Positive Sentiment: Q4 earnings beat and pricing power — ODFL reported $1.09 EPS (above consensus) and revenue modestly beat estimates; management showed pricing power and an improving operating ratio. Article Title
• Positive Sentiment: Dividend increase — the board raised the quarterly dividend to $0.29 (≈3.6% increase), a shareholder‑friendly move that supports income investors. Press Release
• Positive Sentiment: Analyst price‑target upgrades pushed momentum earlier this week — Morgan Stanley and several shops raised targets, helping fuel a short-term rally. Article Title
• Neutral Sentiment: Macro/regional outlook — a separate Old Dominion University economic forecast flags slowing growth in the Hampton Roads region; broadly relevant but not company‑specific. Article Title
• Negative Sentiment: Volume weakness — revenue fell ~5.7% Y/Y and LTL tons per day dropped ~10.7%, signaling continued soft freight demand that pressures near‑term growth. Article Title
• Negative Sentiment: Mixed analyst stance — although many firms raised price targets (Evercore, Jefferies, TD Cowen), several ratings remain “hold/underweight” and some new targets sit well below the recent price (e.g., Wells Fargo $165 underweight), creating selling pressure after the recent rally. Article Title

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.