Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Stock Has Consensus Target Price of $227.65 According to Brokerages

Posted by Brenda Bartman on Sep 29th, 2026

Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Get Free Report) have earned an average rating of “Hold” from the twenty-six brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $227.65.

Several research analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “hold” rating and set a $227.00 price target (down from $250.00) on shares of Old Dominion Freight Line in a research note on Thursday, July 30th. BMO Capital Markets restated an “outperform” rating and issued a $230.00 price objective on shares of Old Dominion Freight Line in a research note on Thursday, June 4th. TD Cowen reaffirmed a “hold” rating on shares of Old Dominion Freight Line in a report on Wednesday, June 3rd. Citigroup upgraded shares of Old Dominion Freight Line from a “neutral” rating to a “buy” rating and cut their target price for the stock from $231.00 to $223.00 in a research report on Tuesday, September 8th. 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.

Read Our Latest Research Report on ODFL

Insider Buying and Selling

In related news, SVP Cecil Overbey, Jr. sold 19,952 shares of Old Dominion Freight Line stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 22,746 shares in the company, 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. Company insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On Old Dominion Freight Line

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Old Dominion Freight Line in the 2nd quarter worth approximately $3,416,007,000. Norges Bank purchased a new position in shares of Old Dominion Freight Line during the 4th quarter valued at $444,983,000. Bank of New York Mellon Corp purchased a new position in shares of Old Dominion Freight Line during the 2nd quarter valued at $543,289,000. Boston Partners grew its position in shares of Old Dominion Freight Line by 98.4% during the 4th quarter. Boston Partners now owns 4,122,696 shares of the transportation company’s stock valued at $648,186,000 after purchasing an additional 2,044,434 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Old Dominion Freight Line in the second quarter worth $253,155,000. 77.82% of the stock is owned by institutional investors.

Old Dominion Freight Line Trading Up 2.0%

Old Dominion Freight Line stock opened at $176.85 on Tuesday. Old Dominion Freight Line has a 12 month low of $126.01 and a 12 month high of $252.03. The business’s 50 day simple moving average is $200.06 and its 200 day simple moving average is $208.12. The company has a market cap of $36.67 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 2.91 and a beta of 1.16.

Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.14. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.54 billion. Old Dominion Freight Line had a return on equity of 24.87% and a net margin of 19.44%.The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the business posted $1.27 earnings per share. As a group, equities research analysts forecast that Old Dominion Freight Line will post 5.78 earnings per share for the current fiscal year.

Old Dominion Freight Line Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $1.16 annualized dividend and a yield of 0.7%. Old Dominion Freight Line’s dividend payout ratio (DPR) is 22.35%.

Old Dominion Freight Line Company Profile

(Get Free Report)

Old Dominion Freight Line, Inc is a transportation and logistics company that specializes in regional, inter-regional and national less-than-truckload (LTL) services. The company transports shipments that do not require an entire truck, serving commercial, industrial and retail customers across the United States.

Its services include standard and expedited LTL transportation, freight brokerage, supply chain consulting, container drayage and warehousing. Old Dominion supports customers through a network of service centers, terminals and distribution facilities, providing pickup, line-haul and delivery capabilities for a broad range of freight.

Founded in 1934 by Earl Congdon, the company is headquartered in Thomasville, North Carolina.