Old Dominion Freight Line (NASDAQ:ODFL) Price Target Raised to $176.00 at Rothschild & Co Redburn

Old Dominion Freight Line (NASDAQ:ODFL) had its price objective increased by equities research analysts at Rothschild & Co Redburn from $114.00 to $176.00 in a report released on Friday,MarketScreener reports. The brokerage presently has a “sell” rating on the transportation company’s stock. Rothschild & Co Redburn’s price target suggests a potential downside of 13.07% from the stock’s current price.

ODFL has been the subject of a number of other research reports. Jefferies Financial Group upped their price objective on shares of Old Dominion Freight Line from $160.00 to $195.00 and gave the company a “hold” rating in a report on Thursday. Evercore upped their price objective on Old Dominion Freight Line from $150.00 to $200.00 and gave the stock an “in-line” rating in a report on Thursday. Raymond James Financial upped their target price on shares of Old Dominion Freight Line from $180.00 to $213.00 and gave the company an “outperform” rating in a research note on Friday. 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 research note on Friday. Finally, Bank of America upped their price target on Old Dominion Freight Line from $147.00 to $149.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Eight investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $185.46.

Old Dominion Freight Line Stock Up 0.2%

NASDAQ ODFL opened at $202.47 on Friday. The company’s 50-day simple moving average is $166.70 and its 200 day simple moving average is $151.77. Old Dominion Freight Line has a twelve month low of $126.01 and a twelve month high of $209.61. The stock has a market cap of $42.34 billion, a P/E ratio of 41.92, a PEG ratio of 10.18 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 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 company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. Research analysts anticipate that Old Dominion Freight Line will post 5.68 earnings per share for the current year.

Institutional Inflows and Outflows

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

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.