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Investing.com - Stephens lowered its price target on Old Dominion Freight Line (NASDAQ:ODFL) to $156.00 from $162.00 on Thursday, while maintaining an Overweight rating on the stock. The new target remains above the current trading price of $136.13, with ODFL currently trading near its 52-week low of $133.69, according to InvestingPro data.
The freight company reported third-quarter earnings per share of $1.28, exceeding both Stephens’ estimate of $1.23 and the consensus estimate of $1.22, despite ongoing tonnage challenges in a difficult industry environment. This performance contributes to ODFL’s trailing twelve-month diluted EPS of $5.12, though the company has seen revenue decline by 5.54% over the same period.
Old Dominion’s operating ratio performed better than expected, with the company continuing to achieve strong pricing increases due to its "attractive value proposition," according to Stephens.
The research firm noted that Old Dominion has prioritized keeping variable costs under control while maintaining excess capacity, implementing new workforce planning tools, utilization systems, and route planning software to enhance productivity.
Stephens emphasized that service remains Old Dominion’s key differentiator, which could become increasingly important as industry volumes improve and competitors potentially experience service issues that could drive more business to Old Dominion. Despite a challenging year with YTD returns of -22.43%, InvestingPro analysis indicates ODFL is slightly undervalued at current prices, with additional ProTips available for subscribers seeking deeper insights into this dividend-growing freight carrier.
In other recent news, Old Dominion Freight Line reported its third-quarter earnings for 2025, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $1.28, outpacing the forecasted $1.22. Additionally, revenue reached $1.41 billion, slightly exceeding the anticipated $1.40 billion. In other developments, Raymond James adjusted its price target for Old Dominion Freight Line, lowering it to $155 from $160 while maintaining an Outperform rating. This adjustment reflects Raymond James’s ongoing confidence in the durability of less-than-truckload (LTL) pricing compared to truckload (TL) pricing. These recent developments highlight the company’s strong financial performance and continued analyst interest.
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