Old Dominion Freight Line, Inc. (ODFL) – What Are Researchers Thinking About This Stock?

Posted by Geri Gentry on Oct 24th, 2026

Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Get Free Report) have received a consensus recommendation of “Hold” from the twenty-six research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $223.48.

Several equities analysts have recently commented on the stock. Truist Financial set a $230.00 target price on shares of Old Dominion Freight Line and gave the company a “buy” rating in a research report on Wednesday, October 7th. Raymond James Financial reiterated an “outperform” rating and set a $241.00 price target (up from $224.00) on shares of Old Dominion Freight Line in a research report on Monday, July 13th. Weiss Ratings lowered shares of Old Dominion Freight Line from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. JPMorgan Chase & Co. decreased their price objective on shares of Old Dominion Freight Line from $250.00 to $232.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, Wall Street Zen upgraded shares of Old Dominion Freight Line from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th.

View Our Latest Report on Old Dominion Freight Line

More Old Dominion Freight Line News

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

Positive Sentiment: Old Dominion declared a quarterly dividend of $0.29 per share, payable December 16 to shareholders of record December 2. The payout provides modest income support, although the approximately 0.6% yield is unlikely to be a major stock catalyst. Old Dominion dividend announcement
Positive Sentiment: Analysts expect strong year-over-year earnings growth in the upcoming report, while Zacks says Old Dominion’s history of earnings beats and current estimate trends could support another upside surprise. Old Dominion earnings estimate analysis
Neutral Sentiment: Institutional positioning is mixed: 510 investors added shares in the latest quarter, while 448 reduced positions. Several large funds made sizable purchases, but other major holders cut exposure, offering no clear consensus signal.
Neutral Sentiment: Analyst price targets remain materially above the current trading level, with a reported six-month median target of $234, but recent target reductions suggest expectations are becoming more cautious.
Negative Sentiment: Investors appear cautious before the October 28 earnings release. August revenue per day increased 12.4%, helped by pricing, but tons per day fell 0.9% and shipments per day declined 2.4%, raising concerns about underlying freight demand. Old Dominion shares and freight signals
Negative Sentiment: A separate analysis argues that ODFL looks expensive relative to its cash-flow generation, increasing downside risk if earnings or guidance fail to exceed elevated expectations. Old Dominion valuation analysis
Negative Sentiment: Higher fuel costs are creating a broader competitive disadvantage for trucking companies versus railroads, potentially pressuring operating margins across the freight sector. Railroads and fuel costs

Insider Activity

In other news, SVP Cecil Overbey, Jr. sold 19,952 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $198.39, for a total transaction of $3,958,277.28. Following the completion of the transaction, the senior vice president owned 22,746 shares of the company’s stock, valued at approximately $4,512,578.94. The trade was a 46.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Valley National Advisers Inc. lifted its stake in Old Dominion Freight Line by 1,502.2% in the third quarter. Valley National Advisers Inc. now owns 13,074 shares of the transportation company’s stock valued at $2,273,000 after buying an additional 12,258 shares during the period. Signaturefd LLC grew its position in shares of Old Dominion Freight Line by 2.1% during the 3rd quarter. Signaturefd LLC now owns 5,125 shares of the transportation company’s stock worth $891,000 after buying an additional 103 shares during the period. Citizens Financial Group Inc. RI grew its position in shares of Old Dominion Freight Line by 25.5% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 4,778 shares of the transportation company’s stock worth $831,000 after buying an additional 970 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of Old Dominion Freight Line during the 3rd quarter worth approximately $475,000. Finally, Evergreen Capital Management LLC increased its stake in shares of Old Dominion Freight Line by 2.5% in the 3rd quarter. Evergreen Capital Management LLC now owns 3,659 shares of the transportation company’s stock valued at $636,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line Stock Performance

Shares of NASDAQ ODFL traded down $7.19 during mid-day trading on Friday, reaching $182.70. The company had a trading volume of 1,993,099 shares, compared to its average volume of 1,718,666. The firm has a market cap of $37.88 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 3.14 and a beta of 1.20. The business’s 50-day simple moving average is $186.11 and its 200 day simple moving average is $207.29. Old Dominion Freight Line has a one year low of $126.01 and a one year high of $252.03.

Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.14. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Old Dominion Freight Line had a net margin of 19.44% and a return on equity of 24.87%. Old Dominion Freight Line’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.27 earnings per share. On average, sell-side analysts anticipate that Old Dominion Freight Line will post 5.86 EPS for the current year.

Old Dominion Freight Line Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Wednesday, December 2nd will be paid a $0.29 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $1.16 annualized dividend and a dividend yield of 0.6%. Old Dominion Freight Line’s dividend payout ratio (DPR) is presently 22.35%.

About Old Dominion Freight Line

(Get Free Report)

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.