Old Dominion Freight Line (NASDAQ:ODFL) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Posted by George Bondi on Jun 8th, 2026

Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from $197.00 to $234.00 in a research report issued on Monday,MarketScreener reports. The firm presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 3.53% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Raymond James Financial reissued an “outperform” rating and set a $224.00 price target on shares of Old Dominion Freight Line in a research report on Thursday, April 30th. BMO Capital Markets restated an “outperform” rating and set a $230.00 price objective on shares of Old Dominion Freight Line in a research report on Thursday. Robert W. Baird set a $229.00 target price on Old Dominion Freight Line and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Stifel Nicolaus upped their target price on Old Dominion Freight Line from $228.00 to $232.00 in a report on Thursday, April 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Old Dominion Freight Line in a report on Tuesday, April 14th. Eight investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $209.88.

View Our Latest Research Report on ODFL

Old Dominion Freight Line Stock Performance

NASDAQ ODFL opened at $242.57 on Monday. The firm’s 50 day moving average price is $209.88 and its two-hundred day moving average price is $185.89. Old Dominion Freight Line has a twelve month low of $126.01 and a twelve month high of $249.14. The stock has a market cap of $50.45 billion, a price-to-earnings ratio of 50.75, a PEG ratio of 4.92 and a beta of 1.17.

Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Old Dominion Freight Line had a return on equity of 23.42% and a net margin of 18.46%.The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 earnings per share. On average, research analysts forecast that Old Dominion Freight Line will post 5.37 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Greg C. Gantt sold 22,107 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $191.52, for a total transaction of $4,233,932.64. Following the transaction, the director owned 88,551 shares of the company’s stock, valued at approximately $16,959,287.52. This trade represents a 19.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of 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 purchasing an additional 62 shares during the last quarter. Evolution Wealth Management Inc. bought a new position in Old Dominion Freight Line during the first quarter valued at about $29,000. Reflection Asset Management bought a new position in Old Dominion Freight Line during the fourth quarter valued at about $28,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Old Dominion Freight Line in the first quarter worth about $39,000. Finally, DT Investment Partners LLC lifted its position in shares of Old Dominion Freight Line by 600.0% in the fourth quarter. DT Investment Partners LLC now owns 210 shares of the transportation company’s stock worth $33,000 after buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

About Old Dominion Freight Line

(Get Free Report)

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.