Old Dominion Freight Line (ODFL) has experienced mixed fortunes recently, reporting an
8.2% revenue drop amid volume decline, with particular focus on May 2025 when the revenue dipped significantly. Multiple firms raised their positions in the carrier, notably
Gateway Investment Advisers LLC, Czech National Bank, UBS AM business unit, and
Nomura Holdings Inc. However, some decided to offload ODFL shares including
Vest Financial LLC, Milestone Asset Management LLC, GTS Securities LLC, Wealth Enhancement Advisory LLC, and
California State Teachers Retirement System. The stock received diverse ratings; while
Goldman Sachs upgraded ODFL and set a bullish price target,
BofA lowered their price target but still maintained a neutral rating.
Old Dominion updated their Q1 2025 earnings, reporting a per diluted share of $1.19 which beat the estimates but represented a 12.9% fall from previous financial year. There were concerns about fragile US industrial activity affecting the company’s LTL demand outlook, adding to the economic uncertainty underscored by continuous revenue decline. Nonetheless, the company's intrinsic value and strong fundamentals were acknowledged despite the short-term fluctuations, making it a viable option for investors.
Old Dominion Freight Line ODFL News Analytics from Wed, 06 Nov 2024 08:00:00 GMT to Sat, 07 Jun 2025 11:58:04 GMT -
Rating -1
- Innovation -4
- Information 7
- Rumor -2
