Old Dominion Freight Line (NASDAQ:ODFL) Price Target Raised to $200.00 at Evercore ISI

Old Dominion Freight Line (NASDAQ:ODFL) had its target price lifted by Evercore ISI from $150.00 to $200.00 in a report released on Thursday morning, MarketBeat Ratings reports. Evercore ISI currently has an in-line rating on the transportation company’s stock.

ODFL has been the subject of a number of other research reports. Cantor Fitzgerald set a $165.00 target price on shares of Old Dominion Freight Line in a research note on Thursday, December 18th. Rothschild Redb upgraded Old Dominion Freight Line to a “strong sell” rating in a report on Wednesday, November 26th. Stephens reissued an “overweight” rating and set a $232.00 price objective on shares of Old Dominion Freight Line in a research report on Thursday. Truist Financial upped their target price on Old Dominion Freight Line from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Finally, Wall Street Zen raised Old Dominion Freight Line from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Nine equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $180.67.

Old Dominion Freight Line Price Performance

Shares of ODFL opened at $202.14 on Thursday. The business’s 50-day moving average is $165.35 and its 200-day moving average is $151.50. The company has a market capitalization of $42.27 billion, a price-to-earnings ratio of 41.85, a P/E/G ratio of 10.38 and a beta of 1.28. Old Dominion Freight Line has a fifty-two week low of $126.01 and a fifty-two week high of $209.61.

Old Dominion Freight Line (NASDAQ:ODFL) last posted its quarterly 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. 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 during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the company posted $1.23 earnings per share. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. Equities research analysts expect that Old Dominion Freight Line will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be given a $0.29 dividend. This is an increase from Old Dominion Freight Line’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, March 4th. Old Dominion Freight Line’s payout ratio is presently 22.54%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ODFL. Norges Bank bought a new stake in Old Dominion Freight Line during the second quarter worth approximately $371,961,000. Boston Partners acquired a new stake in shares of Old Dominion Freight Line in the third quarter worth $292,599,000. Two Sigma Investments LP boosted its holdings 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 buying an additional 1,362,697 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of Old Dominion Freight Line by 21.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,366,843 shares of the transportation company’s stock worth $614,764,000 after buying an additional 776,004 shares during the period. Finally, JPMorgan Chase & Co. grew its stake 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 during the last quarter. 77.82% of the stock is owned by institutional investors.

Old Dominion Freight Line News Summary

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

• Positive Sentiment: Q4 results beat EPS expectations and management raised the quarterly dividend (3.6% increase); company highlighted pricing power and a 76.7% operating ratio, which underpin longer‑term profitability. Conference Release
• Positive Sentiment: Some brokers raised price targets after the quarter (e.g., Morgan Stanley moved its target higher), which helped earlier upside momentum before the pullback. Morgan Stanley PT Hike
• Neutral Sentiment: Top-line dynamics are mixed — revenue beat estimates narrowly ($1.307B vs ~$1.298B) but revenue was down ~5.7% Y/Y and LTL tons per day fell ~10.7%, pointing to weak freight demand that could limit near‑term growth. Q4 Details
• Neutral Sentiment: Regional economic commentary (Old Dominion University) flags headwinds for Virginia/Hampton Roads growth in 2026 — contextual macro risk for regional freight demand. Regional Forecast
• Negative Sentiment: Several analysts issued cautious/negative stances or set price targets below the current share price (e.g., JPMorgan PT $168 neutral; Wells Fargo PT $165 underweight), creating headline pressure and signaling limited near‑term upside in sell‑side expectations. Analyst Notes
• Negative Sentiment: Robert W. Baird downgraded ODFL to underperform (even as it bumped its PT), and other negative/downgrade headlines (reported on MSN/Benzinga) amplified investor caution after the earnings release. Baird Downgrade

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.