Balanced Hold Rating for Old Dominion Freight Amid Mixed Performance Signals

TD Cowen analyst Jason Seidl reiterated a Hold rating on Old Dominion Freight (ODFL – Research Report) today and set a price target of $183.00.

Jason Seidl’s rating is based on a combination of factors that reflect both optimism and caution regarding Old Dominion Freight’s performance. While the company exceeded expectations in the fourth quarter, aided by a lower tax rate and better top-line results, the outlook for early January was tempered by adverse winter weather conditions. This has led to a cautious approach, with lowered expectations for the full year 2025.
Moreover, Old Dominion Freight’s price target remains at $183, and the Hold rating is reiterated despite the company’s ability to slightly surpass estimates in tonnage and revenue per hundredweight. The company also experienced a notable shift in volume dynamics, with industrial volumes outperforming retail for the first time. Although there are potential opportunities for market share gains, particularly as truckload rates increase, the pricing environment remains stable, and weather-related impacts are expected to influence first-quarter performance. This balanced assessment underpins the Hold rating as the company navigates these mixed signals.

In another report released today, Morgan Stanley also maintained a Hold rating on the stock with a $170.00 price target.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ODFL in relation to earlier this year.