Old Dominion Freight Line (NASDAQ:ODFL) Stock Gets Price Target Trim from UBS Group

Old Dominion Freight Line (NASDAQ:ODFL) had its target price decreased by equities researchers at UBS Group from $228.00 to $194.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. UBS Group‘s price objective indicates a potential upside of 13.98% from the company’s previous close.

A number of other research firms also recently issued reports on ODFL. TD Cowen lowered their price objective on shares of Old Dominion Freight Line from $233.00 to $226.00 and set a “hold” rating on the stock in a report on Thursday. Truist Financial set a $230.00 target price on shares of Old Dominion Freight Line and gave the stock a “buy” rating in a report on Wednesday, October 7th. Susquehanna decreased their target price on shares of Old Dominion Freight Line from $232.00 to $202.00 and set a “neutral” rating for the company in a research report on Friday, October 2nd. Sanford C. Bernstein began coverage on shares of Old Dominion Freight Line in a research report on Thursday, September 10th. They set a “market perform” rating and a $200.00 price target on the stock. Finally, Weiss Ratings downgraded shares of Old Dominion Freight Line from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. Ten analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $218.00.

Old Dominion Freight Line Stock Down 1.8%

Shares of NASDAQ:ODFL traded down $3.12 during mid-day trading on Thursday, reaching $170.21. 2,316,356 shares of the stock were exchanged, compared to its average volume of 2,002,354. The stock’s 50 day simple moving average is $184.85 and its 200-day simple moving average is $201.47. Old Dominion Freight Line has a one year low of $126.01 and a one year high of $252.03. The company has a market cap of $35.29 billion, a P/E ratio of 32.76, a P/E/G ratio of 3.02 and a beta of 1.20.

Old Dominion Freight Line (NASDAQ:ODFL) last released its earnings results on Wednesday, October 28th. The transportation company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.61 by $0.04. Old Dominion Freight Line had a return on equity of 24.87% and a net margin of 19.44%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the business posted $1.28 EPS. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. Analysts anticipate that Old Dominion Freight Line will post 5.86 EPS for the current fiscal year.

Insider Activity

In related news, SVP Cecil Overbey, Jr. sold 19,952 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $198.39, for a total value of $3,958,277.28. Following the completion of the sale, the senior vice president directly owned 22,746 shares in the company, valued at approximately $4,512,578.94. This trade represents a 46.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 8.20% of the company’s stock.

Institutional Trading of Old Dominion Freight Line

A number of hedge funds have recently made changes to their positions in ODFL. Bell Investment Advisors Inc bought a new position in Old Dominion Freight Line during the second quarter worth $25,000. Solstein Capital LLC acquired a new position in Old Dominion Freight Line in the 2nd quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Old Dominion Freight Line by 80.5% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 139 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 62 shares during the period. Evolution Wealth Management Inc. acquired a new stake in Old Dominion Freight Line during the first quarter worth approximately $29,000. Finally, EFG International AG bought a new stake in shares of Old Dominion Freight Line during the second quarter worth approximately $29,000. 77.82% of the stock is owned by institutional investors and hedge funds.

Old Dominion Freight Line News Roundup

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

• Positive Sentiment: Old Dominion reported third-quarter adjusted earnings of $1.65 per share, above the $1.61 consensus estimate, while revenue rose 13.1% year over year to $1.59 billion, exceeding expectations of $1.57 billion. Stronger pricing, yield improvement and cost controls supported the results. Old Dominion Freight Line Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: The operating ratio improved 280 basis points to 71.5%, indicating better efficiency and helping drive year-over-year earnings growth from $1.28 per share. Old Dominion: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Despite lowering their targets, Wells Fargo maintained an Overweight rating at $220, and Stifel maintained a Buy rating at $224. These targets imply substantial potential upside from recent trading levels. Wells Fargo Old Dominion Rating
• Neutral Sentiment: Management guided to fourth-quarter revenue of approximately $1.54 billion to $1.58 billion, suggesting continued growth but a potentially slower pace than the third quarter. Old Dominion Fourth-Quarter Outlook
• Negative Sentiment: The projected fourth-quarter operating ratio of 73.5% would be meaningfully worse than the third-quarter level, fueling concerns that freight-volume weakness could pressure margins even as pricing remains firm.
• Negative Sentiment: Raymond James lowered its price target to $210, while Wells Fargo cut its target from $250 to $220 and Stifel reduced its target from $230 to $224. Although ratings remain bullish, the cuts signal more cautious expectations for the freight recovery and near-term profitability. Raymond James Old Dominion Price Target

About Old Dominion Freight Line

Old Dominion Freight Line, Inc is a transportation company specializing in less-than-truckload (LTL) freight services. It transports shipments that do not require a full truck, serving business customers across a range of industries with regional, interregional and national freight transportation.

The company’s services include pickup and delivery, expedited transportation, container drayage and supply-chain solutions. Old Dominion also provides shipment tracking and other technology-enabled tools designed to support freight visibility and customer logistics management.

Founded in 1934 by Earl Congdon, Old Dominion Freight Line is headquartered in Thomasville, North Carolina.