Is the Old Dominion Shipping Line suffers from twice the performance of the S&P 500?

Thomasville, Old Dominion Freight Line, Inc. (ODFL), based in North Carolina, one of the largest LTL company in North America (LTL) and provides regional LTL services, between regional, and national. The market ceiling rate of $ 31.2 billion, OLD Dominion offers also include different value -added services, including container materials, truck mediation, and supply chain consulting.

Companies of $ 10 billion or more are described as “large shares”. Old Dominion is directly proportional to this category, with the maximum of the market exceeding this threshold, which reflects its size, impact and dominance significantly in the logistical services industry.

Despite its noticeable strength points, the ODFL share decreased by 37.3 % of its highest level ever at $ 233.26 on November 11, 2024. At the same time, ODFL decreased by 12.9 % over the past three months, especially the S&P 500 ($ Spx) 8.2 % during the same time frame.

Old Dominion’s performance remained dark in the long term as well. The ODFL shares decreased by 17.1 % on the basis of YTD and 23.5 % over the past 52 weeks, outperforming an increase of 11.1 % of SPX in 2025 and 18.9 % over the course of 52 weeks.

ODFL shares have been constantly traded less than the moving average for 200 days since late February and less than 50 days since late July, highlighting its declining direction.

Old Dominion shares prices decreased by approximately 9.7 % in one trading session after issuing faded Q2 results on July 30. Because the opposite winds of the macroeconomic and softness in the wider economy continued, the company’s ton of the company decreased daily by 9.3 % during the quarter. This resulted in a 6.1 % decrease on an annual basis in total revenues to $ 1.4 billion, and loss of consensus by 55 basis points. Moreover, the decrease in revenues has reduced effects on the margin. The arrow’s profitability of the ODFL for a quarter -quarter decreased by 14.2 % year on an annual basis to $ 1.27, and the loss of consensus estimates by 1.6 %.

Meanwhile, ODFL has greatly reduced its counterpart, XPO decline, Inc. (XPO) 66 BPS based on YTD and 28.7 % over 52 weeks.

Among the 23 analysts covering the shares of ODFL, the category of consensus is a “suspension”. The average target price of $ 162.19 means 10.9 % higher capabilities of current price.

On the date of publication, Aditya Sarawi did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com