Old Dominion Freight Line Stock (NASDAQ: ODFL)

Old Dominion Freight Line (NASDAQ:ODFL) Stock, Quote.Headers.trade-ideas

Old Dominion Freight Line

Old Dominion Freight Line is the second-largest less-than-truckload carrier in the United States, with more than 250 service centers and 11,000-plus tractors. It is one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns are head and shoulders above its peers. Strategic initiatives revolve around boosting network density through market share gains and maintaining industry-leading service (including ultralow cargo claims) via steadfast infrastructure investment.

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Nasdaq 100 index falls to its lowest level since June amid volatility. Despite a brief boost from Q2 GDP growth and decreasing prices, it dropped 4.7% in 2 sessions.

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Earnings

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These Analysts Boost Their Forecasts On Old Dominion After Strong Earnings

Earnings Beats

Small Cap

FWRD

Old Dominion Freight Line (NASDAQ: ODFL) came out with quarterly earnings of $1.48 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $1.33 per share a year ago. These figures are adjusted for non-recurring items.

Old Dominion Freight Line Tops Q2 Earnings Estimates

Old Dominion Freight Line, Inc. - Common Stock

Old Dominion Freight Line Inc

Benchmark analyst Chris Kuhn reiterates Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Hold.

Reiteration

Benchmark Reiterates Hold on Old Dominion Freight Line

JP Morgan analyst Brian Ossenbeck maintains Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Neutral and lowers the price target from $193 to $189.

JP Morgan Maintains Neutral on Old Dominion Freight Line, Lowers Price Target to $189

B of A Securities analyst Ken Hoexter maintains Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Neutral and lowers the price target from $210 to $206.

B of A Securities Maintains Neutral on Old Dominion Freight Line, Lowers Price Target to $206

WIIM

Old Dominion Freight Line shares are trading lower after Wells Fargo maintained an Underweight rating on the stock and lowered its price target from $175 to $170.

Stephens &amp; Co. analyst Daniel Imbro reiterates Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Overweight and maintains $214 price target.

Stephens & Co. Reiterates Overweight on Old Dominion Freight Line, Maintains $214 Price Target

Wells Fargo analyst Christian Wetherbee maintains Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Underweight and lowers the price target from $175 to $170.

Wells Fargo Maintains Underweight on Old Dominion Freight Line, Lowers Price Target to $170

Old Dominion Freight Line's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NYSE">ODFL</a>) short percent of float has fallen 5.95% since its last report. The company recently reported that it has 5.84 million shares sold short, which is 4.58% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.05 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Old Dominion Freight Line Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725546621_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Old Dominion Freight Line has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Old Dominion Freight Line's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Old Dominion Freight Line's peer group average for short interest as a percentage of float is 4.59%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Old Dominion Freight Line's Recent Short Interest

Old Dominion Freight Line Reports 5.2% Decrease In August 2024 Revenue Per Day Due To 6.1% Decline In LTL Tons Per Day; LTL Revenue Per Hundredweight Increased 3.0%, Excluding Fuel Surcharges Up 4.9%; CEO Marty Freeman Attributes Results To Soft Domestic Economy And Lower Fuel Surcharges

Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) has outperformed the market over the past 10 years by 13.05% on an annualized basis producing an average annual return of 23.75%. Currently, Old Dominion Freight Line has a market capitalization of $41.90 billion. 
Buying $100 In ODFL: If an investor had bought $100 of ODFL stock 10 years ago, it would be worth $838.50 today based on a price of $195.51 for ODFL at the time of writing.
<h3>Old Dominion Freight Line's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725472816_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Old Dominion Freight Line 10 Years Ago Would Be Worth This Much Today

Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) has outperformed the market over the past 15 years by 14.96% on an annualized basis producing an average annual return of 27.16%. Currently, Old Dominion Freight Line has a market capitalization of $42.67 billion. 
Buying $1000 In ODFL: If an investor had bought $1000 of ODFL stock 15 years ago, it would be worth $36,669.18 today based on a price of $199.12 for ODFL at the time of writing.
<h3>Old Dominion Freight Line's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724770822_0_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Old Dominion Freight Line 15 Years Ago Would Be Worth Today

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UBER</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$58.00</td>
<td>$25.3K</td>
<td>2.4K</td>
<td>1.5K</td>
</tr>
<tr>
<td>EOSE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$1.50</td>
<td>$52.3K</td>
<td>15.1K</td>
<td>1.3K</td>
</tr>
<tr>
<td>DE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$370.00</td>
<td>$198.0K</td>
<td>2.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>GE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$170.00</td>
<td>$66.8K</td>
<td>619</td>
<td>607</td>
</tr>
<tr>
<td>WSO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$450.00</td>
<td>$171.6K</td>
<td>541</td>
<td>541</td>
</tr>
<tr>
<td>ODFL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$185.00</td>
<td>$70.0K</td>
<td>514</td>
<td>427</td>
</tr>
<tr>
<td>UAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$38.00</td>
<td>$45.8K</td>
<td>492</td>
<td>361</td>
</tr>
<tr>
<td>URI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$710.00</td>
<td>$351.4K</td>
<td>842</td>
<td>195</td>
</tr>
<tr>
<td>FTAI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$115.00</td>
<td>$29.5K</td>
<td>200</td>
<td>116</td>
</tr>
<tr>
<td>CAR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$80.00</td>
<td>$34.5K</td>
<td>5</td>
<td>82</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a put option sweep that happens to be bullish, expiring in 14 day(s) on August 16, 2024. This event was a transfer of 105 contract(s) at a $58.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $25.3K, with a price of $241.0 per contract. There were 2457 open contracts at this strike prior to today, and today 1593 contract(s) were bought and sold. 
• For EOSE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>), we notice a call option trade that happens to be bearish, expiring in 532 day(s) on January 16, 2026. This event was a transfer of 499 contract(s) at a $1.50 strike. The total cost received by the writing party (or parties) was $52.3K, with a price of $105.0 per contract. There were 15174 open contracts at this strike prior to today, and today 1364 contract(s) were bought and sold. 
• For DE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), we notice a put option sweep that happens to be bearish, expiring in 14 day(s) on August 16, 2024. This event was a transfer of 89 contract(s) at a $370.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $198.0K, with a price of $2225.0 per contract. There were 2431 open contracts at this strike prior to today, and today 1013 contract(s) were bought and sold. 
• For GE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), we notice a put option sweep that happens to be bearish, expiring in 77 day(s) on October 18, 2024. This event was a transfer of 44 contract(s) at a $170.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $66.8K, with a price of $1519.0 per contract. There were 619 open contracts at this strike prior to today, and today 607 contract(s) were bought and sold. 
• For WSO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSO#NYSE">WSO</a>), we notice a put option trade that happens to be bearish, expiring in 168 day(s) on January 17, 2025. This event was a transfer of 52 contract(s) at a $450.00 strike. The total cost received by the writing party (or parties) was $171.6K, with a price of $3300.0 per contract. There were 541 open contracts at this strike prior to today, and today 541 contract(s) were bought and sold. 
• For ODFL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>), we notice a put option trade that happens to be bullish, expiring in 14 day(s) on August 16, 2024. This event was a transfer of 350 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $70.0K, with a price of $200.0 per contract. There were 514 open contracts at this strike prior to today, and today 427 contract(s) were bought and sold. 
• For UAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), we notice a put option sweep that happens to be bullish, expiring in 140 day(s) on December 20, 2024. This event was a transfer of 163 contract(s) at a $38.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $45.8K, with a price of $281.0 per contract. There were 492 open contracts at this strike prior to today, and today 361 contract(s) were bought and sold. 
• Regarding URI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>), we observe a put option trade with bearish sentiment. It expires in 49 day(s) on September 20, 2024. Parties traded 56 contract(s) at a $710.00 strike. The total cost received by the writing party (or parties) was $351.4K, with a price of $6276.0 per contract. There were 842 open contracts at this strike prior to today, and today 195 contract(s) were bought and sold. 
• Regarding FTAI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>), we observe a call option sweep with neutral sentiment. It expires in 49 day(s) on September 20, 2024. Parties traded 82 contract(s) at a $115.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $29.5K, with a price of $360.0 per contract. There were 200 open contracts at this strike prior to today, and today 116 contract(s) were bought and sold. 
• For CAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>), we notice a put option trade that happens to be bullish, expiring in 28 day(s) on August 30, 2024. This event was a transfer of 60 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $34.5K, with a price of $575.0 per contract. There were 5 open contracts at this strike prior to today, and today 82 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

EOSE

FTAI

UBER

10 Industrials Stocks With Whale Alerts In Today's Session

The Nasdaq 100 index experienced another decline on Thursday, closing at its lowest level since early June after a volatile session. The previous day, the Nasdaq 100 dropped 3.7%, its <a href="https://www.benzinga.com/markets/equities/24/07/39943580/nasdaq-100-notches-worst-session-since-late-2022-falls-below-key-50-day-moving-average-is-the-ai">worst session since October 2022</a>.
Despite a higher-than-expected second-quarter GDP growth rate and decreasing price pressures, which briefly boosted stocks and risky assets and saw the Nasdaq 100 rising 0.9% during midday trading in New York, afternoon trading brought a sentiment shift as traders slightly reduced their Fed rate cut bets.
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) tumbled as OpenAI introduced new search features to a <a href="https://www.benzinga.com/news/24/07/39968522/alphabet-stock-falls-as-openai-plans-searchgpt-what-investors-need-to-know">select group of users.</a>
Over the last two sessions, the Nasdaq 100, as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), has fallen by 4.7%, marking its worst two-day drop since September 2022.
<h3 class="wp-block-heading">Chart: Nasdaq 100 Faces Worst 2-Day Dip Since September 2022</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25161029/image-45-1024x487.png" alt="" class="wp-image-457894" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25161029/image-45-1024x487.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25161029/image-45-300x143.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25161029/image-45-768x366.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25161029/image-45-1536x731.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25161029/image-45.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Thursday&#8217;s 10 Worst Performers Among Nasdaq 100 Stocks</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-Day %</td>
</tr>
<tr>
<td>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)</td>
<td>-9.03%</td>
</tr>
<tr>
<td>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>)</td>
<td>-5.73%</td>
</tr>
<tr>
<td>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>)</td>
<td>-5.45%</td>
</tr>
<tr>
<td>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>)</td>
<td>-5.26%</td>
</tr>
<tr>
<td>Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td>
<td>-4.36%</td>
</tr>
<tr>
<td>Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>)</td>
<td>-3.86%</td>
</tr>
<tr>
<td>Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>)</td>
<td>-3.79%</td>
</tr>
<tr>
<td>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>)</td>
<td>-3.67%</td>
</tr>
<tr>
<td>DexCom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>)</td>
<td>-3.57%</td>
</tr>
<tr>
<td>QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>)</td>
<td>-3.15%</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</td>
<td>-3.07%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Thursday&#8217;s 5 Best Performers Among Nasdaq 100 Stocks</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-Day %</td>
</tr>
<tr>
<td>Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>)</td>
<td>6.34%</td>
</tr>
<tr>
<td>Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>)</td>
<td>5.74%</td>
</tr>
<tr>
<td>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>)</td>
<td>4.83%</td>
</tr>
<tr>
<td>Gilead Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>)</td>
<td>4.12%</td>
</tr>
<tr>
<td>O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) </td>
<td>4.09%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
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Photo via Shutterstock.

TD Cowen analyst Jason Seidl maintains Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Hold and raises the price target from $206 to $214.

TD Cowen Maintains Hold on Old Dominion Freight Line, Raises Price Target to $214

Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) reported better-than-expected second-quarter 2024 <a href="https://www.benzinga.com/news/earnings/24/07/39936855/old-dominion-hits-double-digit-earnings-growth-for-first-time-in-over-a-year-shares-climb">results on Wednesday</a>.
The company reported a revenue increase of 6.1% year over year to $1.498 billion, in line with the consensus of $1.499 billion. EPS was $1.48, above the consensus of $1.46, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Old Dominion's operating cash flow was $387.8 million for the second quarter and $811.7 million for the six months that ended in June.
Marty Freeman, President and Chief Executive Officer of Old Dominion, commented, "Old Dominion produced another quarter of profitable growth despite continued softness in the domestic economy. This was our third consecutive quarter with growth in both revenue and earnings per diluted share, and it was the first time in over a year where our earnings increased by double digits."
Old Dominion Freight Line shares gained 6.6% to trade at $207.52 on Thursday.
These analysts made changes to their price targets on Old Dominion Freight Line following the announcement.
<ul>
<li>Baird analyst Garrett Holland maintained Old Dominion Freight Line with an Outperform rating, while raising the price target from $205 to $215.</li>
<li>JP Morgan analyst Brian Ossenbeck maintained the stock with a Neutral and boosted the price target from $176 to $193.</li>
<li>BMO Capital analyst Fadi Chamoun maintained Old Dominion with an Outperform rating and increased the price target from $210 to $215.</li>
<li>Raymond James analyst Patrick Tyler Brown maintained Old Dominion with an Outperform rating, while increasing the price target from $190 to $209.</li>
</ul>
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Raymond James analyst Patrick Tyler Brown maintains Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Outperform and raises the price target from $190 to $209.

Raymond James Maintains Outperform on Old Dominion Freight Line, Raises Price Target to $209

BMO Capital analyst Fadi Chamoun maintains Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Outperform and raises the price target from $210 to $215.

BMO Capital Maintains Outperform on Old Dominion Freight Line, Raises Price Target to $215

Old Dominion Freight Line shares are trading higher after multiple analysts raised their price targets on the stock.

JP Morgan analyst Brian Ossenbeck maintains Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Neutral and raises the price target from $176 to $193.

JP Morgan Maintains Neutral on Old Dominion Freight Line, Raises Price Target to $193

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