Are Wall Street Analysts Predicting Old Dominion Freight Line Stock Will Climb or Sink?

With a market cap of $42.2 billion, Old Dominion Freight Line, Inc. (ODFL) is a leading less-than-truckload motor carrier providing regional, inter-regional, and national transportation services across the United States and North America. It also offers expedited shipping, supply chain consulting, brokerage services, and fleet maintenance operations.

Shares of the trucking firm have lagged behind the broader market over the past 52 weeks. ODFL stock has gained 19.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 24.6%. However, shares of the company have surged 30.4% on a YTD basis, exceeding SPX’s 8.4% rise.