Old Dominion Freight Line, IncNasdaq: ODFL
Industrials · Cargo Ground Transportation
$239.13
+15.14%
Vol: 177K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 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.
May 11BMO raises ODFL price target to $230 as Q1 earnings beat lifts shares amid LTL demand recoveryPositive▶
Old Dominion Freight Line reported Q1 2026 EPS of $1.14 beating $1.05 estimates despite revenue declining 2.9% YoY to $1.33 billion. The operating ratio increased 80bps to 76.2% due to overhead cost deleveraging, while LTL volumes accelerated through the quarter. BMO Capital raised its price target to $230 from $215 on May 4 maintaining Outperform. Director Gantt sold 5,073 shares at $190.39 on May 4 worth ~$966K. The company guides Q2 EPS of $1.32 and revenue of $1.44B, with shares trading at an elevated 45x P/E after a 63% six-month rally. Risk: any pullback in LTL demand or freight cycle could pressure the premium valuation.
May 8Old Dominion Q1 revenue down 2.9% but management optimistic on demand improvement and Q2 margins.Mixed▶
Old Dominion Freight Line reported Q1 2026 revenue of $1.33 billion, down 2.9% year-over-year, with EPS of $1.14. Despite lower volumes amid challenging freight market, management expressed optimism regarding improving demand and expects typical seasonal margin improvement in Q2. Multiple analysts raised price targets post-earnings: BMO Capital raised to $230 from $215, Morgan Stanley to $235 from $215. Average 12-month target is $211.00. Stock trading at $192.18 with mixed analyst sentiment (8 Buy, 16 Hold, 2 Sell).
May 7Old Dominion Freight Line Q1 revenue declines 2.9% YoY to $1.33B but EPS of $1.14 beats $1.05 consensus; management optimistic on demand recovery.Neutral▶
Old Dominion reported mixed Q1 2026 results with revenue of $1.33B (down 2.9% YoY) but EPS of $1.14 beating $1.05 consensus estimate by $0.09. Management expressed optimism about improving demand and expects typical seasonal margin improvement in Q2. ODFL trades at $192.18 with 52-week range $126.01-$233.79. Multiple analyst upgrades: JPMorgan raised PT to $197 from $183; Wells Fargo raised to $205 from $200; Morgan Stanley set $235 target (all April 30). Average analyst rating: Hold with consensus PT $211.00 (range $155-$240). Nine analysts rate Buy, three Sell.
May 6Old Dominion Q1 EPS $1.14 beats; improving demand indicators drive LTL volume recoveryPositive▶
Old Dominion Freight Line reported Q1 2026 EPS of $1.14 beating expectations, with revenue down 2.9% YoY to $1.33B. LTL demand improved as quarter progressed with improved yields and volume acceleration. Achieved industry-leading 99% on-time service and 0.1% claims ratio. Multiple analyst upgrades post-earnings: Morgan Stanley $235 target, BMO $230, Baird $229. Average rating Hold with $206.46 target. Company optimistic on Q2 margin recovery.
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