Recent Investment Analysts’ Ratings Updates for Old Dominion Freight Line (ODFL)

Old Dominion Freight Line (NASDAQ: ODFL) has recently received a number of price target changes and ratings updates:

• 1/23/2025 – Old Dominion Freight Line had its price target raised by analysts at Stifel Nicolaus from $176.00 to $193.00. They now have a “hold” rating on the stock.
• 1/17/2025 – Old Dominion Freight Line had its price target lowered by analysts at Barclays PLC from $220.00 to $210.00. They now have an “equal weight” rating on the stock.
• 1/16/2025 – Old Dominion Freight Line had its price target lowered by analysts at Bank of America Co. from $237.00 to $204.00. They now have a “neutral” rating on the stock.
• 1/15/2025 – Old Dominion Freight Line had its price target lowered by analysts at Stifel Nicolaus from $178.00 to $176.00. They now have a “hold” rating on the stock.
• 1/10/2025 – Old Dominion Freight Line had its price target raised by analysts at Jefferies Financial Group Inc. from $185.00 to $190.00. They now have a “hold” rating on the stock.
• 1/7/2025 – Old Dominion Freight Line had its price target lowered by analysts at Wells Fargo & Company from $195.00 to $185.00. They now have an “underweight” rating on the stock.
• 1/7/2025 – Old Dominion Freight Line had its “neutral” rating reaffirmed by analysts at Susquehanna. They now have a $195.00 price target on the stock, down previously from $218.00.
• 12/12/2024 – Old Dominion Freight Line had its price target raised by analysts at The Goldman Sachs Group, Inc. from $213.00 to $235.00. They now have a “neutral” rating on the stock.
• 12/6/2024 – Old Dominion Freight Line had its price target raised by analysts at JPMorgan Chase & Co. from $186.00 to $205.00. They now have a “neutral” rating on the stock.
• 12/4/2024 – Old Dominion Freight Line had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $240.00 price target on the stock.

Old Dominion Freight Line Price Performance

ODFL stock opened at $190.81 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $40.74 billion, a P/E ratio of 33.36, a P/E/G ratio of 5.03 and a beta of 1.05. The firm’s fifty day moving average is $196.26 and its 200 day moving average is $198.13. Old Dominion Freight Line, Inc. has a 52 week low of $165.49 and a 52 week high of $233.26.

Insider Activity

In related news, Director Leo H. Suggs sold 3,000 shares of Old Dominion Freight Line stock in a transaction on Friday, November 8th. The shares were sold at an average price of $225.44, for a total value of $676,320.00. Following the transaction, the director now directly owns 7,383 shares of the company’s stock, valued at $1,664,423.52. The trade was a 28.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.90% of the company’s stock.

Institutional Investors Weigh In On Old Dominion Freight Line

A number of large investors have recently added to or reduced their stakes in the company. Sei Investments Co. grew its stake in shares of Old Dominion Freight Line by 7.5% in the second quarter. Sei Investments Co. now owns 46,415 shares of the transportation company’s stock worth $8,198,000 after purchasing an additional 3,227 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of Old Dominion Freight Line by 163.9% during the second quarter. Public Sector Pension Investment Board now owns 4,466 shares of the transportation company’s stock valued at $789,000 after buying an additional 2,774 shares during the period. APG Asset Management N.V. increased its stake in shares of Old Dominion Freight Line by 25.3% during the second quarter. APG Asset Management N.V. now owns 99,789 shares of the transportation company’s stock valued at $16,443,000 after buying an additional 20,141 shares during the period. MBB Public Markets I LLC bought a new position in shares of Old Dominion Freight Line during the second quarter valued at approximately $2,383,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Old Dominion Freight Line by 121.7% in the second quarter. The Manufacturers Life Insurance Company now owns 486,996 shares of the transportation company’s stock worth $86,001,000 after acquiring an additional 267,358 shares during the period. Institutional investors own 77.82% of the company’s stock.

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.