Old Dominion Freight Line (NASDAQ:ODFL) Stock Rating Upgraded by Evercore

Posted by George Bondi on Jul 1st, 2026

Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) was upgraded by equities research analysts at Evercore from an “in-line” rating to an “outperform” rating in a note issued to investors on Wednesday.

A number of other brokerages have also issued reports on ODFL. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $235.00 price target (up from $209.00) on shares of Old Dominion Freight Line in a research note on Tuesday, June 23rd. Barclays boosted their price target on Old Dominion Freight Line from $210.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Wells Fargo & Company set a $235.00 price objective on Old Dominion Freight Line and gave the company an “equal weight” rating in a report on Friday, June 5th. Argus lifted their target price on shares of Old Dominion Freight Line from $220.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, Robert W. Baird set a $229.00 target price on shares of Old Dominion Freight Line and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $218.57.

Check Out Our Latest Stock Report on Old Dominion Freight Line

Old Dominion Freight Line Trading Down 1.4%

Shares of Old Dominion Freight Line stock opened at $216.60 on Wednesday. The firm has a market capitalization of $45.05 billion, a PE ratio of 45.31, a P/E/G ratio of 4.41 and a beta of 1.17. Old Dominion Freight Line has a twelve month low of $126.01 and a twelve month high of $252.03. The firm’s 50-day moving average price is $218.84 and its 200 day moving average price is $196.43.

Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.05 by $0.09. Old Dominion Freight Line had a return on equity of 23.42% and a net margin of 18.46%.The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the business earned $1.19 EPS. Old Dominion Freight Line’s quarterly revenue was down 2.9% on a year-over-year basis. On average, sell-side analysts predict that Old Dominion Freight Line will post 5.43 EPS for the current fiscal year.

Insider Buying and Selling at Old Dominion Freight Line

In other 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 completion of the sale, the director owned 88,551 shares in the company, valued at $16,959,287.52. This trade represents a 19.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC increased its stake in Old Dominion Freight Line by 80.5% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 139 shares of the transportation company’s stock worth $27,000 after acquiring an additional 62 shares during the last quarter. Reflection Asset Management acquired a new position in shares of Old Dominion Freight Line in the 4th quarter valued at $28,000. Evolution Wealth Management Inc. acquired a new position in shares of Old Dominion Freight Line in the 1st quarter valued at $29,000. DT Investment Partners LLC grew its holdings in shares of Old Dominion Freight Line by 600.0% during the 4th quarter. DT Investment Partners LLC now owns 210 shares of the transportation company’s stock worth $33,000 after purchasing an additional 180 shares during the period. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of Old Dominion Freight Line during the 1st quarter worth about $39,000. 77.82% of the stock is currently owned by institutional investors and hedge funds.

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.