Old Dominion Freight Line (ODFL) Stock Forecast, Price Target & Predictions
ODFL Stock Forecast
Old Dominion Freight Line stock forecast is as follows: an average price target of $271.44 (represents a 28.16% upside from ODFL’s last price of $211.80) and a rating consensus of 'Hold', based on 14 wall street analysts offering a 1-year stock forecast.
ODFL Price Target
The average price target for Old Dominion Freight Line (ODFL) is $271.44 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $396.00 to $185.00. This represents a potential 28.16% upside from ODFL's last price of $211.80.
ODFL Analyst Ratings
According to 14 Wall Street analysts, Old Dominion Freight Line's rating consensus is 'Hold'. The analyst rating breakdown for ODFL stock is 0 'Strong Buy' (0.00%), 6 'Buy' (42.86%), 7 'Hold' (50.00%), 1 'Sell' (7.14%), and 0 'Strong Sell' (0.00%).
Old Dominion Freight Line Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 24, 2024 | Fadi Chamoun | BMO Capital | $205.00 | $188.67 | 8.66% | -3.21% |
| Oct 24, 2024 | Garrett Holland | Robert W. Baird | $200.00 | $188.67 | 6.01% | -5.57% |
| Oct 24, 2024 | Jack Atkins | Stephens | $210.00 | $188.67 | 11.31% | -0.85% |
| Oct 18, 2024 | Fadi Chamoun | Loop Capital Markets | $210.00 | $199.43 | 5.30% | -0.85% |
| Oct 03, 2024 | Jonathan Chappell | Evercore ISI | $188.00 | $193.50 | -2.84% | -11.24% |
| Sep 05, 2024 | Ken Hoexter | Bank of America Securities | $206.00 | $184.44 | 11.69% | -2.74% |
| Sep 05, 2024 | Garrett Holland | Robert W. Baird | $204.00 | $185.71 | 9.85% | -3.68% |
| Jul 25, 2024 | Fadi Chamoun | BMO Capital | $215.00 | $205.82 | 4.46% | 1.51% |
| Jul 25, 2024 | Patrick Tyler Brown | Raymond James | $209.00 | $205.82 | 1.55% | -1.32% |
| Jul 25, 2024 | Garrett Holland | Robert W. Baird | $215.00 | $205.82 | 4.46% | 1.51% |
The latest Old Dominion Freight Line stock forecast, released on Oct 24, 2024 by Fadi Chamoun from BMO Capital, set a price target of $205.00, which represents a 8.66% increase from the stock price at the time of the forecast ($188.67), and a -3.21% decrease from ODFL last price ($211.80).
Old Dominion Freight Line Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 7 | 17 |
| Avg Price Target | $205.00 | $203.29 | $237.24 |
| Last Closing Price | $211.80 | $211.80 | $211.80 |
| Upside/Downside | -3.21% | -4.02% | 12.01% |
In the current month, the average price target of Old Dominion Freight Line stock is $205.00, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a -3.21% decrease as opposed to Old Dominion Freight Line's last price of $211.80. This month's average price target is up 0.84% compared to last quarter, and down -13.59% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 24, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Oct 24, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Oct 24, 2024 | Stephens | Overweight | Overweight | Hold |
| Oct 18, 2024 | BMO Capital | Market Perform | Perform | Downgrade |
| Oct 17, 2024 | BMO Capital | Outperform | Market Perform | Downgrade |
| Oct 09, 2024 | Wolfe Research | Underperform | Underperform | Hold |
| Sep 18, 2024 | Susquehanna | Positive | Positive | Hold |
| Sep 05, 2024 | Bank of America Securities | Neutral | Neutral | Hold |
| Jul 25, 2024 | Raymond James | Outperform | Outperform | Hold |
| Jul 25, 2024 | Cowen & Co. | Hold | Hold | Hold |
Old Dominion Freight Line's last stock rating was published by BMO Capital on Oct 24, 2024. The company gave ODFL a "Market Perform" rating, the same as its previous rate.
Old Dominion Freight Line Financial Forecast
Old Dominion Freight Line Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.50B | $1.52B | $1.41B | $1.44B | $1.49B | $1.60B | $1.67B | $1.50B | $1.41B | $1.40B |
| Avg Forecast | $1.98B | $2.07B | $1.98B | $1.83B | $1.81B | $1.90B | $1.81B | $1.67B | $1.66B | $1.74B | $1.66B | $1.53B | $1.54B | $1.59B | $1.55B | $1.43B | $1.39B | $1.49B | $1.50B | $1.47B | $1.50B | $1.51B | $1.44B | $1.48B | $1.50B | $1.62B | $1.65B | $1.45B | $1.38B | $1.37B |
| High Forecast | $2.03B | $2.13B | $2.03B | $1.87B | $1.86B | $1.95B | $1.86B | $1.72B | $1.71B | $1.79B | $1.71B | $1.57B | $1.58B | $1.63B | $1.59B | $1.48B | $1.41B | $1.51B | $1.50B | $1.47B | $1.55B | $1.58B | $1.48B | $1.52B | $1.54B | $1.62B | $1.65B | $1.45B | $1.38B | $1.37B |
| Low Forecast | $1.94B | $2.03B | $1.94B | $1.79B | $1.78B | $1.86B | $1.78B | $1.64B | $1.63B | $1.70B | $1.63B | $1.50B | $1.50B | $1.56B | $1.51B | $1.42B | $1.36B | $1.47B | $1.50B | $1.47B | $1.48B | $1.46B | $1.41B | $1.45B | $1.47B | $1.62B | $1.65B | $1.45B | $1.38B | $1.37B |
| # Analysts | 2 | 3 | 4 | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 10 | 9 | 3 | 3 | 6 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.00% | 0.98% | 0.97% | 1.00% | 0.99% | 1.01% | 1.03% | 1.02% | 1.02% |
Old Dominion Freight Line's average Quarter revenue forecast for Mar 24 based on 3 analysts is $1.47B, with a low forecast of $1.47B, and a high forecast of $1.47B. ODFL's average Quarter revenue forecast represents a -1.65% decrease compared to the company's last Quarter revenue of $1.50B (Dec 23).
Old Dominion Freight Line EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 3 | 4 | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 10 | 9 | 3 | 3 | 6 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $505.07M | $446.47M | $392.01M | $384.35M | $432.28M | $497.06M | $508.43M | $405.14M | $438.95M | $448.49M |
| Avg Forecast | $610.74M | $639.91M | $610.89M | $563.43M | $559.67M | $586.38M | $559.80M | $516.34M | $512.89M | $537.36M | $513.02M | $473.21M | $474.02M | $490.93M | $477.43M | $441.25M | $429.33M | $459.11M | $462.43M | $521.47M | $461.49M | $465.68M | $443.86M | $474.07M | $450.80M | $497.89M | $508.61M | $430.97M | $425.67M | $421.63M |
| High Forecast | $626.25M | $656.16M | $626.41M | $577.74M | $573.88M | $601.27M | $574.02M | $529.45M | $525.91M | $551.00M | $526.04M | $485.23M | $486.06M | $503.40M | $489.55M | $456.57M | $435.50M | $465.87M | $462.43M | $625.77M | $476.87M | $485.95M | $455.13M | $568.88M | $540.96M | $497.89M | $508.61M | $517.16M | $425.67M | $421.63M |
| Low Forecast | $597.65M | $626.19M | $597.79M | $551.35M | $547.67M | $573.81M | $547.80M | $505.27M | $501.89M | $525.83M | $502.02M | $463.06M | $463.85M | $480.40M | $467.19M | $438.19M | $420.06M | $452.34M | $462.43M | $417.18M | $455.33M | $448.89M | $434.34M | $379.25M | $360.64M | $497.89M | $508.61M | $344.78M | $425.67M | $421.63M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 0.96% | 0.88% | 0.81% | 0.96% | 1.00% | 1.00% | 0.94% | 1.03% | 1.06% |
3 analysts predict ODFL's average Quarter EBITDA for Mar 24 to be $521.47M, with a high of $625.77M and a low of $417.18M. This is 3.25% upper than Old Dominion Freight Line's previous annual EBITDA (Dec 23) of $505.07M.
Old Dominion Freight Line Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 3 | 4 | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 10 | 9 | 3 | 3 | 6 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $322.81M | $339.29M | $292.36M | $285.04M | $323.93M | $377.40M | $376.08M | $299.75M | $278.81M | $286.63M |
| Avg Forecast | $483.27M | $541.12M | $488.11M | $410.85M | $417.99M | $469.78M | $422.32M | $353.36M | $354.32M | $398.49M | $367.70M | $296.75M | $309.70M | $344.97M | $330.99M | $258.24M | $254.16M | $305.29M | $312.46M | $330.83M | $306.23M | $314.10M | $282.67M | $300.75M | $286.33M | $334.78M | $343.55M | $273.41M | $246.58M | $258.08M |
| High Forecast | $499.22M | $558.99M | $504.23M | $424.41M | $431.79M | $485.28M | $436.26M | $365.02M | $366.01M | $411.65M | $379.84M | $306.55M | $319.93M | $356.36M | $341.92M | $266.78M | $262.77M | $318.09M | $324.69M | $397.00M | $315.86M | $324.85M | $292.01M | $360.91M | $343.60M | $334.78M | $343.55M | $328.10M | $246.58M | $264.49M |
| Low Forecast | $469.80M | $526.04M | $474.51M | $399.39M | $406.34M | $456.68M | $410.55M | $343.51M | $344.44M | $387.38M | $357.45M | $288.48M | $301.07M | $335.35M | $321.77M | $247.57M | $247.70M | $292.50M | $300.23M | $264.66M | $299.80M | $304.41M | $274.80M | $240.60M | $229.07M | $334.78M | $343.55M | $218.73M | $246.58M | $251.66M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.08% | 1.03% | 0.95% | 1.13% | 1.13% | 1.09% | 1.10% | 1.13% | 1.11% |
Old Dominion Freight Line's average Quarter net income forecast for Mar 24 is $330.83M, with a range of $264.66M to $397.00M. ODFL's average Quarter net income forecast represents a 2.48% increase compared to the company's last Quarter net income of $322.81M (Dec 23).
Old Dominion Freight Line SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 3 | 4 | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 10 | 9 | 3 | 3 | 6 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $70.47M | $68.47M | $65.50M | $66.59M | $57.68M | $73.73M | $65.98M | $61.50M | $51.95M | $61.72M |
| Avg Forecast | $85.15M | $89.22M | $85.17M | $78.55M | $78.03M | $81.75M | $78.05M | $71.99M | $71.51M | $74.92M | $71.53M | $65.98M | $66.09M | $68.45M | $66.56M | $61.52M | $59.86M | $64.01M | $64.47M | $67.87M | $64.34M | $64.93M | $61.88M | $61.70M | $53.35M | $73.61M | $75.20M | $56.09M | $62.93M | $62.34M |
| High Forecast | $87.31M | $91.48M | $87.33M | $80.55M | $80.01M | $83.83M | $80.03M | $73.82M | $73.32M | $76.82M | $73.34M | $67.65M | $67.77M | $70.18M | $68.25M | $63.66M | $60.72M | $64.95M | $64.47M | $81.45M | $66.49M | $67.75M | $63.46M | $74.04M | $64.02M | $73.61M | $75.20M | $67.31M | $62.93M | $62.34M |
| Low Forecast | $83.32M | $87.30M | $83.35M | $76.87M | $76.36M | $80.00M | $76.38M | $70.44M | $69.97M | $73.31M | $69.99M | $64.56M | $64.67M | $66.98M | $65.14M | $61.09M | $58.57M | $63.07M | $64.47M | $54.30M | $63.48M | $62.59M | $60.56M | $49.36M | $42.68M | $73.61M | $75.20M | $44.87M | $62.93M | $62.34M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.10% | 1.05% | 1.06% | 1.08% | 1.08% | 1.00% | 0.88% | 1.10% | 0.83% | 0.99% |
Old Dominion Freight Line's average Quarter SG&A projection for Mar 24 is $67.87M, based on 3 Wall Street analysts, with a range of $54.30M to $81.45M. The forecast indicates a -3.69% fall compared to ODFL last annual SG&A of $70.47M (Dec 23).
Old Dominion Freight Line EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 3 | 4 | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 10 | 9 | 3 | 3 | 6 | 13 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.96 | $3.11 | $2.67 | $2.59 | $2.94 | $3.38 | $3.33 | $2.62 | $2.43 | $2.48 |
| Avg Forecast | $2.25 | $2.51 | $2.27 | $1.91 | $1.94 | $2.18 | $1.96 | $1.64 | $1.65 | $1.85 | $1.71 | $1.38 | $1.44 | $1.60 | $1.54 | $1.20 | $1.18 | $1.42 | $1.45 | $1.34 | $1.42 | $1.46 | $1.31 | $1.35 | $1.34 | $1.54 | $1.58 | $1.20 | $1.13 | $1.19 |
| High Forecast | $2.32 | $2.60 | $2.34 | $1.97 | $2.01 | $2.25 | $2.03 | $1.70 | $1.70 | $1.91 | $1.76 | $1.42 | $1.49 | $1.66 | $1.59 | $1.24 | $1.22 | $1.48 | $1.51 | $1.34 | $1.47 | $1.51 | $1.36 | $1.39 | $1.38 | $1.54 | $1.58 | $1.20 | $1.13 | $1.22 |
| Low Forecast | $2.18 | $2.44 | $2.20 | $1.86 | $1.89 | $2.12 | $1.91 | $1.60 | $1.60 | $1.80 | $1.66 | $1.34 | $1.40 | $1.56 | $1.50 | $1.15 | $1.15 | $1.36 | $1.39 | $1.34 | $1.39 | $1.41 | $1.28 | $1.31 | $1.30 | $1.54 | $1.58 | $1.20 | $1.13 | $1.16 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.08% | 2.13% | 2.03% | 1.92% | 2.20% | 2.20% | 2.11% | 2.17% | 2.14% | 2.09% |
According to 3 Wall Street analysts, Old Dominion Freight Line's projected average Quarter EPS for Mar 24 is $1.34, with a low estimate of $1.34 and a high estimate of $1.34. This represents a -54.70% decrease compared to ODFL previous annual EPS of $2.96 (Dec 23).
Old Dominion Freight Line Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| HTLD | Heartland Express | $12.26 | $16.33 | 33.20% | Hold |
| MRTN | Marten Transport | $16.91 | $22.50 | 33.06% | Hold |
| ODFL | Old Dominion Freight Line | $211.80 | $271.44 | 28.16% | Hold |
| ARCB | ArcBest | $107.71 | $128.80 | 19.58% | Hold |
| TFII | TFI | $142.86 | $158.18 | 10.72% | Buy |
| WERN | Werner Enterprises | $39.24 | $41.67 | 6.19% | Sell |
| KNX | Knight-Swift Transportation | $56.49 | $59.40 | 5.15% | Buy |
| SNDR | Schneider National | $30.88 | $28.88 | -6.48% | Buy |
| RXO | RXO | $27.42 | $24.18 | -11.82% | Buy |
| XPO | XPO Logistics | $145.77 | $120.91 | -17.05% | Buy |
| ULH | Universal Logistics | $47.53 | $36.00 | -24.26% | - |
| SAIA | Saia | $515.88 | $376.29 | -27.06% | Buy |