BMO Capital has upgraded Old Dominion Freight Line Inc (ODFL) to Outperform from Market Perform, reflecting a more optimistic outlook on the company's future. This change, effective November 30, 2025, signals improved sentiment regarding Old Dominion's fundamentals and business performance.
Headquartered in Thomasville, North Carolina, Old Dominion Freight Line provides regional, inter-regional, and national less-than-truckload (LTL) services through a union-free organization. The company operates approximately 261 service centers across the continental United States and employs 21,895 full-time staff. With a market capitalization of $28.2 billion, Old Dominion boasts a P/E ratio of 26.68 and an EPS of 4.97, alongside a dividend yield of 83.0%.
Upcoming earnings are slated for July 28, 2026, with estimates of $1.35 EPS and $1.5 billion in revenue. Analysts have noted that ratings and price targets are based on extensive research and financial models, providing valuable insights but also reflecting assumptions that may not always hold true.
As of December 1, 2025, the analyst consensus on Old Dominion stands at Hold, with 5 Strong Buy, 9 Buy, 14 Hold, 3 Sell, and 1 Strong Sell ratings. Recent actions include BMO Capital's upgrade, while other firms like JP Morgan and Wells Fargo maintained their ratings.
This update provides insight into how analysts view Old Dominion’s strategic direction and market position, emphasizing the importance of considering multiple factors when making investment decisions.