10:25 AM EDT, 04/02/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our 12-month price target by $21 to $203, 28x our split-adjusted 2025 EPS estimate, in line with the historical three-year average. ODFL recently completed a 2-for-1 stock split. We keep our 2024 split-adjusted EPS estimate at $6.26 and raise 2025's by $0.09 to $7.25. We think margins will expand more than previously expected in 2025 due to an expected boost in volume growth, driven by strong e-commerce sales and positive momentum in 2H 2024, which we expect to continue in 2025. We like ODFL's strong balance sheet, with current assets covering 2.1x its current liabilities, and note ODFL has very little debt (negative net debt).