Old Dominion Freight: JP Morgan Downgrades to Neutral, PT to $146 from $158.

Old Dominion Freight: JP Morgan Downgrades to Neutral, PT to $146 from $158.

JP Morgan has downgraded Old Dominion Freight Line, Inc. (NASDAQ:ODFL) to a "neutral" rating, reducing its price target from $158 to $146. The change in rating and price target was announced on July 2, 2025, following a recent earnings report and the company's quarterly dividend declaration.

Old Dominion Freight Line reported earnings per share (EPS) of $1.19 for the quarter, which exceeded analysts' consensus estimates by $0.05. The company also declared a quarterly dividend of $0.28 per share, with an annualized dividend of $1.12 and a yield of 0.66%. Despite the positive earnings and dividend announcement, JP Morgan analysts cited concerns about the company's revenue growth and the potential impact of industry trends on its future performance.

Institutional investors have been active in Old Dominion Freight Line's stock, with several funds increasing their stakes in the first quarter. For instance, Davenport & Co LLC boosted its holdings by 4,463.2%, owning 261,380 shares worth $43,253,000 at the end of the quarter [1]. Other institutional investors, such as Sumitomo Mitsui DS Asset Management Company Ltd, Mather Group LLC, Valley National Advisers Inc., Amalgamated Bank, and Hills Bank & Trust Co, also increased their positions in the company's stock during the same period.

The stock's performance has been mixed, with a current ratio of 1.32, a quick ratio of 1.32, and a debt-to-equity ratio of 0.01. The company's fifty-day and 200-day simple moving averages are $160.94 and $171.68, respectively. Old Dominion Freight Line's market capitalization stands at $35.60 billion, with a P/E ratio of 31.60 and a price-to-earnings-growth ratio of 3.35. The stock has a beta of 1.25, indicating moderate volatility relative to the broader market.

Analysts' ratings for Old Dominion Freight Line are mixed, with a consensus rating of "Hold" and a consensus price target of $174.55 [2]. Several brokerages, including Robert W. Baird, Jefferies Financial Group, Stephens, Raymond James Financial, and Citigroup, have issued varying ratings and price objectives for the stock.

Despite the recent downgrade, Old Dominion Freight Line continues to operate as a leading 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 and various value-added services.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-old-dominion-freight-line-inc-nasdaqodfl-shares-purchased-by-davenport-co-llc-2025-07-02/
[2] https://revenue.iowa.gov/media/2093/download?inline