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ODFL $181.37

ODFL target price
181.37
0
340
Old Dominion Freight Line, Inc.
Type
Public
Traded as NASDAQ: ODFL
S&P 400 Component
Industry Transportation
Founded 1934
Founder Earl and Lillian Congdon
Headquarters Thomasville, North Carolina, USA
Area served
Worldwide
Revenue Increase $ 2.79 billion (2012)
Website ODFL.com

Old Dominion Freight Line, Inc. (NASDAQ: ODFL) is a less-than-truckload (LTL), company. It offers regional, inter-regional and national LTL service. In addition to its core LTL services, the company offers logistics services including ground and air expedited transportation, supply chain consulting, transportation management, truckload brokerage, container delivery and warehousing, as well as household moving services. It contracts with freight forwarding services throughout the world.

The company traces its origins to 1934 when Earl and Lillian Congdon founded the company with a single truck running between Richmond and Norfolk, Virginia.

After Earl Congdon died, Lillian Congdon assumed the presidency and was joined by sons Earl Jr. and Jack. In 1957, Old Dominion extended its operations to most major markets in North Carolina and southern Virginia. Five years later, the company relocated its headquarters to High Point, North Carolina, in 1962 and merged with Bottoms-Fiske trucking company.

Between 1969 and 1979, the company acquired a number of competing trucking lines. With the deregulation of the trucking industry in the 1980s, Old Dominion extended its service area into Florida, Tennessee and California and also started serving the major markets of Chicago and Dallas.

The company went public in 1991.

David Congdon, grandson of the company’s founders, was named president and COO in 1997. Today, he serves as the company’s Vice Chairman and CEO. His father, Earl Congdon Jr., is the company's executive chairman. Greg C. Gantt serves as President and Chief Operating Officer.

The company offers assembly and distribution services and LCL and FCL delivery services to and from all of North America, Central America, South America and the Far East.

The company has five primary product groups: Domestic, Expedited, People, Global, Household Services and Technology. The core business segment for Old Dominion is LTL carrier shipping service. Global offerings include full container load (FCL) and less-than-container load (LCL) service to the Caribbean, Europe, the Far East, Central America and South America. Old Dominion also offers household moving services, and trade show shipping as part of their expedited division to accommodate all logistical needs.

The company operates more than 5,800 tractors and more than 22,500 trailers.

Old Dominion is part of the SmartWay Transport Partnership, a collaboration between freight shippers, carriers, and logistics companies to voluntarily achieve improved fuel efficiency and reduced emissions from freight transport. These technologies include wide-based tires, reducing highway speeds, idle reduction, automatic tire inflation, improved freight logistics, improved aerodynamics and longer combination vehicles.

Old Dominion has won a number of awards for its service and its growth.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2023-01-31 Future report Set alerts
Q3 2022 2022-09-07 0.00 0.00
Q2 2022 2022-07-27 3.30 3.30
Q1 2022 2022-04-27 2.60 2.60
Q4 2021 2022-02-02 2.41 2.41
Q3 2021 2021-10-27 2.47 2.47
Q2 2021 2021-07-28 2.31 2.31
Q1 2021 2021-04-22 1.70 1.70
Q4 2020 2021-02-04 1.61 1.61
Q3 2020 2020-10-27 1.71 1.71

Ratings

2016-06-02 Reiterated Rating Longbow Research Buy
2016-04-30 Reiterated Rating Morgan Stanley Buy
2016-04-29 Boost Price Target Cowen and Company Market Perform $65.00 to $69.00
2016-04-28 Downgrade Stifel Nicolaus Buy to Hold
2016-03-02 Reiterated Rating Credit Suisse Buy $64.00 to $70.00
2016-03-02 Reiterated Rating Credit Suisse Group AG Buy $64.00 to $70.00
2016-02-23 Reiterated Rating Morgan Stanley Overweight $74.00
2016-02-10 Reiterated Rating Deutsche Bank Hold
2016-02-10 Reiterated Rating Deutsche Bank AG Hold
2016-02-05 Boost Price Target Evercore ISI Hold $64.00
2016-01-15 Lower Price Target Evercore ISI $65.00 to $62.00
2016-01-11 Reiterated Rating Deutsche Bank Hold $77.00 to $64.00
2016-01-07 Downgrade RBC Capital Outperform to Sector Perform $75.00 to $60.00
2016-01-07 Downgrade Royal Bank Of Canada Outperform to Sector Perform $75.00 to $60.00
2015-12-21 Initiated Coverage Evercore ISI Hold $65.00
2015-12-18 Lower Price Target Robert W. Baird $68.00 to $65.00
2015-12-02 Downgrade Bank of America Buy to Neutral $71.00 to $67.00
2015-12-02 Downgrade Bank of America Corp. Buy to Neutral $71.00 to $67.00
2015-10-19 Lower Price Target Deutsche Bank $82.00 to $77.00
2015-10-07 Downgrade Citigroup Inc. Buy to Neutral
2015-10-02 Initiated Coverage Bank of America Buy $70.00
2015-09-29 Reiterated Rating RBC Capital Outperform $83.00
2015-09-27 Reiterated Rating Deutsche Bank Hold $82.00
2015-09-23 Lower Price Target RBC Capital Outperform $90.00 to $83.00
2015-08-02 Reiterated Rating Cowen and Company Hold
2015-07-31 Reiterated Rating Credit Suisse Buy $79.00 to $81.00
2015-07-31 Boost Price Target Deutsche Bank Hold $78.00 to $82.00
2015-07-31 Boost Price Target Cowen and Company Market Perform $77.00 to $78.00
2015-07-31 Lower Price Target RBC Capital Sector Perform $84.00 to $81.00
2015-06-29 Upgrade Stifel Nicolaus Hold to Buy $80.00
2015-06-02 Lower Price Target Deutsche Bank Hold $82.00 to $80.00
2015-04-01 Downgrade Goldman Sachs Conviction-Buy to Buy
2015-04-01 Downgrade Goldman Sachs Group Inc. Conviction-Buy to Buy
2015-02-06 Boost Price Target Deutsche Bank Hold $80.00 to $82.00
2015-01-15 Reiterated Rating Deutsche Bank Hold $73.00 to $80.00
2014-10-31 Reiterated Rating Deutsche Bank Hold $71.00 to $73.00
2014-10-31 Reiterated Rating Credit Suisse Outperform $74.00 to $79.00
2014-10-17 Upgrade Longbow Research Neutral to Buy $79.00
2014-09-08 Boost Price Target Goldman Sachs $75.00 to $77.00
2014-09-03 Reiterated Rating Credit Suisse Outperform $70.00 to $74.00
2014-08-01 Boost Price Target RBC Capital $68.00 to $72.00
2014-08-01 Boost Price Target Morgan Stanley $65.00 to $67.00
2014-08-01 Boost Price Target Deutsche Bank $68.00 to $71.00
2014-08-01 Reiterated Rating Wunderlich Hold $57.00 to $63.00
2014-07-08 Boost Price Target Robert W. Baird $67.00 to $68.00
2014-07-07 Downgrade Deutsche Bank Buy to Hold $67.00 to $68.00
2014-05-28 Boost Price Target Deutsche Bank Buy $65.00 to $67.00
2014-04-25 Reiterated Rating Deutsche Bank Buy $65.00
2014-04-25 Boost Price Target Cowen and Company Market Perform $58.00 to $62.00
2014-04-09 Boost Price Target Robert W. Baird $58.00 to $61.00
2014-03-10 Upgrade Ned Davis Research Neutral to Buy
2014-01-17 Boost Price Target KeyBanc $56.00 to $60.00
2013-12-16 Upgrade Deutsche Bank Hold to Buy $49.00 to $59.00
2013-12-10 Downgrade Longbow Research Buy to Neutral $52.00
2012-11-21 Initiated Wunderlich Hold $38
2011-10-12 Reiterated Deutsche Bank Buy $41 to $38
2010-12-16 Reiterated Longbow Buy $33 to $35
2010-11-23 Initiated KeyBanc Capital Mkts Buy $34
2010-07-29 Downgrade Dahlman Rose Buy to Hold
2009-12-18 Upgrade BB&T Capital Mkts Hold to Buy
2009-11-13 Initiated Piper Jaffray Underweight
2016-06-02 Reiterated Rating Longbow Research Buy
2016-04-30 Reiterated Rating Morgan Stanley Buy
2016-04-29 Boost Price Target Cowen and Company Market Perform $65.00 to $69.00
2016-04-28 Downgrade Stifel Nicolaus Buy to Hold
2016-03-02 Reiterated Rating Credit Suisse Buy $64.00 to $70.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
CONGDON JOHN R JR 1.79%  (1542824) ODFL /
CONGDON JOHN R Vice Chairman of the Board 1.00%  (858078) ODFL /
CONGDON JEFFREY W Member of Section 13(d) group 0.99%  (850440) ODFL /
CONGDON DAVID S President and CEO 0.01%  (10958) ODFL /
CONGDON EARL E Executive Chairman 0.01%  (10958) ODFL /
MCCARTY JOEL B JR Sr. VP, Gen. Counsel & Sec. 0.01%  (10743) ODFL /
Gantt Greg C Senior VP - Operations 0.01%  (10520) ODFL /
Kasarda John D. 0.01%  (6476) ODFL /
SUGGS LEO H 0.01%  (5644) ODFL /
Satterfield Adam N CFO, SVP-Finance & Asst. Sec. 0.01%  (5398) ODFL /
Freeman Kevin M. Senior Vice President of Sales 0.01%  (5375) ODFL /
Overbey Cecil E. Jr. Senior VP of Marketing 0.01%  (5372) ODFL /
Bates David J. SVP - Operations 0.01%  (5273) ODFL /
Parr Ross H. VP - Legal Affairs, GC & Sec. 0.01%  (4966) ODFL /
Wray D. Michael 0.01%  (4894) ODFL /