Old Dominion Freight Line, IncNasdaq: ODFL
Industrials · Cargo Ground Transportation
$220.95
+1.19%
Vol: 1.7M
Research Digest
Friday, June 19, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14Old Dominion shares rose on falling fuel costs as recent analyst price-target hikes signal renewed optimism for the LTL carrierPositive▶
Old Dominion Freight Line shares climbed about 2.8% on June 12, 2026 after WTI crude oil fell 4.7% to roughly $92.94, providing direct margin relief to trucking and logistics names with high fuel cost exposure. The move comes amid a string of recent analyst upgrades: JPMorgan raised its price target to $234 from $197 on June 8, and Wells Fargo lifted its target to $235 from $205 on June 5. ODFL reported mixed Q1 2026 results in April, with revenue down 2.9% year-over-year to $1.33 billion and EPS of $1.14, though management pointed to expected margin recovery in Q2 via disciplined yield management. The stock trades near its 52-week high of $252.03. The key risk remains a multi-year freight downturn now entering its fourth year, with macroeconomic uncertainty capping demand visibility.
May 21Old Dominion director sells shares; Q1 weakness but demand trends improvingNeutral▶
Director Gantt disposed of 5,073 shares at $190.39 on May 4, 2026 (~$966K). Q1 2026 revenue fell 2.9% to $1.33B, net income down 6.4% to $238.3M, though EPS of $1.14 beat $1.05 estimate. CEO Marty Freeman said LTL demand improved through the quarter. Company opened new 32,000 sq ft Pasco facility. Q2 guidance EPS $1.32, revenue $1.44B; full-year EPS forecast $5.06.
May 20Old Dominion traded $198.96-$208.02 on May 19 with analysts lifting fair value estimates to $240 (from $232), as Q1 beat (EPS $1.14 vs $1.05) is offset by ongoing LTL demand softness and insider selling.Mixed▶
Old Dominion Freight Line shares traded between $198.96 and $208.02 on May 19, closing near $204.46 as investors weighed mixed signals. Q1 2026 EPS of $1.14 beat the $1.05 consensus by 8.6%, with revenue of $1.33B topping estimates despite a 2.9% YoY decline; net income fell 6.4% to $238.3M on softer LTL demand. Management expressed optimism about improving demand through the quarter and expects typical seasonal margin improvement in Q2, planning $205M in 2026 capex. Analysts maintain a Buy consensus across 18 firms with a fair value estimate raised to $240 from $232, with late-April upgrades from BMO, Morgan Stanley, Evercore ISI, Goldman, Stifel and TD Cowen. Director Greg Gantt sold 5,073 shares at $190.39 on May 4 (~$966K). Risk: an LTL volume recovery has yet to fully materialize and persistent softness could pressure earnings.
May 19Old Dominion shares traded in $201-$206 range on May 18 after Q1 EPS beat but with revenue down 2.9% YoY amid soft LTL demand.Mixed▶
On May 18, 2026, ODFL stock traded between $201.30-$206.14 (closed near $204.13). Q1 2026 results showed net income down 6.4% to $238.3M and revenue down 2.9% to $1.33B as LTL volumes declined. However, EPS of $1.14 beat $1.05 estimate by 8.57%. CEO Marty Freeman noted demand improving through the quarter with volume and yield acceleration. Capex of $205M planned for 2026 on top of nearly $2B historical investment. Insider Director Gantt sold 5,073 shares at $190.39 on May 4. Late-April PT hikes: BMO $230, Morgan Stanley $235, Goldman $216. Bear case: continued LTL softness if industrial cycle remains weak.
May 18No significant overnight updatesNeutral▶
No material news in the last 48 hours. Earlier in May, ODFL reported Q1 revenue down 2.9% to $1.33B with EPS of $1.14 beating estimates, and director Greg Gantt disposed of 5,073 shares on May 4.
May 15Old Dominion Freight Line shares trade near $200 (~5.5% intraday rebound) on May 15 as analysts bake in seasonal Q2 margin improvement after Q1 EPS beat.Mixed▶
Old Dominion reported Q1 2026 revenue of $1.33B, down 2.9% YoY, but EPS of $1.14 beat the $1.05 consensus, and management signaled improving LTL demand as the quarter progressed plus typical Q2 seasonal margin gains. Service quality remains best-in-class with 99% on-time delivery and <0.1% claims ratio. The company returned $148.6M to shareholders in Q1 ($88.1M buybacks, $60.5M dividends) and opened a new 63-door distribution center in Pasco, WA roughly double the size of the prior facility. Multiple analysts lifted PTs on April 30: Morgan Stanley to $235, Goldman Sachs to $216, Raymond James to $224. Risk: cyclical freight demand pressures and margin compression if industrial activity softens.
May 14Old Dominion sees multiple analyst PT hikes (Morgan Stanley to $235, BMO to $230) on improving LTL demand signals post Q1 EPS beat of $1.14 vs $1.05Positive▶
Old Dominion Freight Line received multiple analyst price target hikes in early May 2026 after Q1 results beat estimates with EPS of $1.14 versus $1.05 consensus, though revenue declined 2.9% YoY to $1.33 billion. Morgan Stanley raised its target to $235 from $215 and BMO Capital lifted to $230 from $215, citing improving LTL demand signals as the quarter progressed. Management expressed optimism about typical seasonal margin improvement in Q2 and consistently improving demand. The company returned capital via $88.1 million in share repurchases and $60.5 million in cash dividends during Q1. Average 12-month price target now sits at $211 with a high of $240.
May 13Rothschild & Co Redburn cut Old Dominion Freight Line's price target to $172 from $176 with a Sell rating on May 12Mixed▶
On May 12, 2026, Rothschild & Co Redburn lowered its price target on ODFL to $172 from $176, maintaining a Sell rating. The stock fell 2.05% to $191.12 on May 12. The cautious view contrasts with more bullish stances elsewhere: Raymond James reaffirmed Outperform at $224, Stifel raised its target to $232, Morgan Stanley moved to $235, and Goldman Sachs went to $216 on April 30. Director Greg Gantt disposed of 5,073 shares at $190.39 on May 4 (with separate disclosures showing 22,107 shares sold at $191.52 totaling $4.23M). Sequoia Financial Advisors increased its holdings 97.7% in Q4. Q1 2026 revenue was $1.33B (down 2.9% YoY) with net income of $238.26M.
May 12Old Dominion Q1 26 EPS of $1.14 beats by 8.6% with LTL demand improving sequentially; BMO and Morgan Stanley raise PTsMixed▶
ODFL Q1 2026 EPS of $1.14 beat the $1.05 forecast by 8.57%; revenue of $1.33B (-2.9% YoY) topped estimates. Demand for LTL service improved as the quarter progressed, with acceleration in volumes and yield. On-time service stayed at 99% with claims ratio below 0.1%. FY26 capex expected ~$265M. Q1 capital returns: $88.1M buybacks plus $60.5M in dividends. BMO raised PT to $230 from $215; Morgan Stanley raised to $235 from $215. Director Greg Gantt sold 5,073 shares at $190.39 on May 4 (retained 105,585 shares). Q2 guidance: EPS $1.32 on revenue $1.44B; FY EPS forecast $5.06.
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