Old Dominion Freight Line (ODFL) Stock Forecast, Price Target & Predictions


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ODFL Stock Forecast


Old Dominion Freight Line stock forecast is as follows: an average price target of $286.65 (represents a 55.10% upside from ODFL’s last price of $184.82) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.

ODFL Price Target


The average price target for Old Dominion Freight Line (ODFL) is $286.65 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $396.00 to $185.00. This represents a potential 55.10% upside from ODFL's last price of $184.82.

ODFL Analyst Ratings


Buy

According to 13 Wall Street analysts, Old Dominion Freight Line's rating consensus is 'Buy'. The analyst rating breakdown for ODFL stock is 0 'Strong Buy' (0.00%), 6 'Buy' (46.15%), 6 'Hold' (46.15%), 1 'Sell' (7.69%), and 0 'Strong Sell' (0.00%).

Old Dominion Freight Line Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 05, 2024Ken HoexterBank of America Securities$206.00$184.4411.69%11.46%
Sep 05, 2024Garrett HollandRobert W. Baird$204.00$185.719.85%10.38%
Jul 25, 2024Garrett HollandRobert W. Baird$215.00$205.824.46%16.33%
Jul 25, 2024Patrick Tyler BrownRaymond James$209.00$205.821.55%13.08%
Jul 25, 2024Fadi ChamounBMO Capital$215.00$205.824.46%16.33%
Jun 25, 2024Jonathan ChappellEvercore ISI$196.00$176.0711.32%6.05%
Jun 20, 2024Thomas WadewitzUBS$185.00$173.306.75%0.10%
Jun 12, 2024Bascome MajorsSusquehanna$210.00$173.9120.75%13.62%
Jun 05, 2024Fadi ChamounBMO Capital$210.00$175.3719.75%13.62%
May 08, 2024Garrett HollandRobert W. Baird$205.00$181.7012.82%10.92%
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The latest Old Dominion Freight Line stock forecast, released on Sep 05, 2024 by Ken Hoexter from Bank of America Securities, set a price target of $206.00, which represents a 11.69% increase from the stock price at the time of the forecast ($184.44), and a 11.46% increase from ODFL last price ($184.82).

Old Dominion Freight Line Price Target by Period


1M3M12M
# Anlaysts2812
Avg Price Target$205.00$205.00$251.67
Last Closing Price$184.82$184.82$184.82
Upside/Downside10.92%10.92%36.17%

In the current month, the average price target of Old Dominion Freight Line stock is $205.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 10.92% increase as opposed to Old Dominion Freight Line's last price of $184.82. This month's average price target is down 0.00% compared to last quarter, and down -18.54% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 05, 2024Bank of America SecuritiesNeutralNeutralHold
Jul 25, 2024Raymond JamesOutperformOutperformHold
Jul 25, 2024Cowen & Co.HoldHoldHold
Jul 25, 2024BMO CapitalOutperformOutperformHold
Jun 20, 2024UBSNeutralNeutralHold
Jun 12, 2024SusquehannaPositivePositiveHold
Jun 06, 2024Wells FargoOverweightUnderweightInitialise
Jun 06, 2024Bank of America SecuritiesNeutralNeutralHold
Jun 04, 2024BMO Capital-OutperformInitialise
Apr 29, 2024Vertical Research-HoldUpgrade
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Old Dominion Freight Line's last stock rating was published by Bank of America Securities on Sep 05, 2024. The company gave ODFL a "Neutral" rating, the same as its previous rate.

Old Dominion Freight Line Financial Forecast


Old Dominion Freight Line Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue----------------$1.50B$1.52B$1.41B$1.44B$1.49B$1.60B-$1.50B$1.41B$1.40B$1.32B$1.13B$1.07B$1.06B
Avg Forecast$1.97B$2.10B$2.05B$1.86B$1.80B$1.92B$1.87B$1.70B$1.65B$1.70B$1.64B$1.53B$1.51B$1.53B$1.50B$1.47B$1.50B$1.51B$1.44B$1.48B$1.50B$1.62B$1.65B$1.45B$1.38B$1.37B$1.26B$1.10B$1.05B$1.05B
High Forecast$2.03B$2.16B$2.11B$1.91B$1.85B$1.97B$1.92B$1.74B$1.69B$1.74B$1.68B$1.57B$1.55B$1.57B$1.54B$1.51B$1.55B$1.58B$1.48B$1.52B$1.54B$1.66B$1.65B$1.51B$1.43B$1.42B$1.31B$1.14B$1.08B$1.09B
Low Forecast$1.93B$2.05B$2.00B$1.81B$1.76B$1.87B$1.83B$1.65B$1.61B$1.65B$1.60B$1.49B$1.47B$1.48B$1.46B$1.43B$1.48B$1.46B$1.40B$1.45B$1.46B$1.58B$1.65B$1.39B$1.32B$1.31B$1.21B$1.05B$1.00B$1.01B
# Analysts744764464374497361366555561211855
Surprise %----------------1.00%1.00%0.98%0.97%1.00%0.99%-1.03%1.02%1.02%1.04%1.02%1.03%1.01%

Old Dominion Freight Line's average Quarter revenue forecast for Mar 24 based on 3 analysts is $1.47B, with a low forecast of $1.43B, and a high forecast of $1.51B. 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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts744764464374497361366555561211855
EBITDA----------------$505.07M$446.47M$392.01M$384.35M$432.28M$497.06M-$405.14M$438.95M$448.49M$428.80M$333.81M$319.28M$334.39M
Avg Forecast$558.01M$594.99M$580.20M$525.49M$508.92M$542.62M$529.15M$479.28M$465.67M$479.27M$462.34M$431.20M$425.54M$433.16M$423.81M$521.47M$422.94M$426.79M$406.79M$474.07M$423.66M$472.52M$466.42M$430.97M$409.82M$429.56M$401.14M$308.45M$311.14M$295.05M
High Forecast$573.39M$611.39M$596.19M$539.97M$522.95M$557.58M$543.73M$492.49M$478.50M$492.48M$475.08M$443.09M$437.26M$444.41M$435.49M$625.77M$437.04M$445.36M$418.00M$568.88M$435.33M$567.02M$466.42M$517.16M$491.78M$515.48M$481.37M$370.14M$373.37M$354.06M
Low Forecast$544.22M$580.28M$565.87M$512.50M$496.35M$529.21M$516.07M$467.44M$454.16M$467.42M$450.92M$420.55M$415.02M$419.10M$413.34M$417.18M$417.30M$411.40M$396.74M$379.25M$413.19M$378.02M$466.42M$344.78M$327.86M$343.65M$320.91M$246.76M$248.92M$236.04M
Surprise %----------------1.19%1.05%0.96%0.81%1.02%1.05%-0.94%1.07%1.04%1.07%1.08%1.03%1.13%

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts744764464374497361366555561211855
Net Income----------------$322.81M$339.29M$292.36M$285.04M$323.93M$377.40M-$299.75M$278.81M$286.63M$269.58M$199.36M$189.83M$201.87M
Avg Forecast$463.38M$544.20M$539.26M$435.30M$392.81M$444.70M$434.69M$351.01M$353.37M$387.71M$375.82M$304.41M$300.27M$322.98M$315.82M$330.83M$309.52M$317.47M$285.71M$300.75M$290.86M$301.99M$345.55M$273.41M$260.30M$274.54M$252.18M$184.22M$185.00M$178.12M
High Forecast$479.99M$563.70M$558.58M$450.90M$406.89M$460.63M$450.26M$363.59M$366.03M$401.60M$389.28M$315.32M$311.03M$336.08M$327.14M$397.00M$319.26M$328.35M$295.95M$360.91M$301.28M$362.39M$345.55M$328.10M$312.36M$329.45M$302.62M$221.06M$221.99M$213.74M
Low Forecast$448.50M$526.72M$521.94M$421.32M$380.19M$430.41M$420.73M$339.74M$342.02M$375.26M$363.74M$294.63M$290.63M$312.07M$305.67M$264.66M$303.03M$307.69M$276.54M$240.60M$281.52M$241.59M$345.55M$218.73M$208.24M$219.63M$201.75M$147.37M$148.00M$142.50M
Surprise %----------------1.04%1.07%1.02%0.95%1.11%1.25%-1.10%1.07%1.04%1.07%1.08%1.03%1.13%

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts744764464374497361366555561211855
SG&A----------------$70.47M$68.47M$65.50M$66.59M$57.68M$73.73M-$61.50M$51.95M$61.72M$57.80M$52.29M$41.66M$46.83M
Avg Forecast$81.41M$86.81M$84.65M$76.67M$74.25M$79.17M$77.20M$69.93M$67.94M$69.92M$67.45M$62.91M$62.08M$63.20M$61.83M$67.87M$61.71M$62.27M$59.35M$61.70M$61.81M$65.03M$68.05M$56.09M$48.50M$59.12M$54.07M$48.31M$40.60M$41.32M
High Forecast$83.66M$89.20M$86.98M$78.78M$76.30M$81.35M$79.33M$71.85M$69.81M$71.85M$69.31M$64.64M$63.80M$64.84M$63.54M$81.45M$63.76M$64.98M$60.98M$74.04M$63.51M$78.04M$68.05M$67.31M$58.20M$70.94M$64.89M$57.98M$48.71M$49.58M
Low Forecast$79.40M$84.66M$82.56M$74.77M$72.42M$77.21M$75.29M$68.20M$66.26M$68.20M$65.79M$61.36M$60.55M$61.14M$60.30M$54.30M$60.88M$60.02M$57.88M$49.36M$60.28M$52.03M$68.05M$44.87M$38.80M$47.30M$43.26M$38.65M$32.48M$33.05M
Surprise %----------------1.14%1.10%1.10%1.08%0.93%1.13%-1.10%1.07%1.04%1.07%1.08%1.03%1.13%

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts744764464374497361366555561211855
EPS----------------$2.96$3.11$2.67$2.59$2.94$3.38-$2.62$2.43$2.48$2.33$1.71$1.62$1.72
Avg Forecast$2.13$2.50$2.48$2.00$1.81$2.04$2.00$1.61$1.62$1.78$1.73$1.40$1.38$1.48$1.45$1.34$1.42$1.46$1.31$1.35$1.34$1.54$1.58$2.41$2.27$2.37$2.20$1.58$1.57$1.52
High Forecast$2.21$2.59$2.57$2.07$1.87$2.12$2.07$1.67$1.68$1.85$1.79$1.45$1.43$1.54$1.50$1.39$1.47$1.51$1.36$1.40$1.38$1.59$1.58$2.52$2.37$2.48$2.30$1.65$1.65$1.59
Low Forecast$2.06$2.42$2.40$1.94$1.75$1.98$1.93$1.56$1.57$1.72$1.67$1.35$1.34$1.43$1.41$1.30$1.39$1.41$1.27$1.31$1.29$1.49$1.58$2.27$2.14$2.24$2.08$1.49$1.49$1.43
Surprise %----------------2.08%2.13%2.03%1.92%2.20%2.20%-1.09%1.07%1.05%1.06%1.08%1.03%1.13%

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 $1.30 and a high estimate of $1.39. 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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ODFLOld Dominion Freight Line$184.82$286.6555.10%Buy
HTLDHeartland Express$11.77$16.3338.74%Hold
ARCBArcBest$99.10$133.2534.46%Buy
MRTNMarten Transport$17.12$22.5031.43%Buy
KNXKnight-Swift Transportation$50.08$60.0019.81%Buy
WERNWerner Enterprises$36.01$41.7816.02%Hold
XPOXPO Logistics$101.70$115.9013.96%Buy
SNDRSchneider National$26.66$27.754.09%Buy
TFIITFI$139.81$139.08-0.52%Buy
ULHUniversal Logistics$40.07$36.00-10.16%-
SAIASaia$402.39$357.56-11.14%Buy
RXORXO$26.72$22.00-17.66%Buy

ODFL Forecast FAQ


Yes, according to 13 Wall Street analysts, Old Dominion Freight Line (ODFL) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 46.15% of ODFL's total ratings.

Old Dominion Freight Line (ODFL) average price target is $286.65 with a range of $185 to $396, implying a 55.10% from its last price of $184.82. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for ODFL stock, the company can go up by 55.10% (from the last price of $184.82 to the average price target of $286.65), up by 114.26% based on the highest stock price target, and up by 0.10% based on the lowest stock price target.

ODFL's highest twelve months analyst stock price target of $396 supports the claim that Old Dominion Freight Line can reach $300 in the near future.

2 Wall Street analysts forecast a $205 price target for Old Dominion Freight Line (ODFL) this month, up 10.92% from its last price of $184.82. Compared to the last 3 and 12 months, the average price target increased by 10.92% and increased by 36.17%, respectively.

Old Dominion Freight Line's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.29B (high $7.49B, low $7.11B), average EBITDA is $2.06B (high $2.12B, low $2.01B), average net income is $1.62B (high $1.68B, low $1.57B), average SG&A $300.54M (high $308.83M, low $293.12M), and average EPS is $7.46 (high $7.73, low $7.22). ODFL's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $7.99B (high $8.21B, low $7.79B), average EBITDA is $2.26B (high $2.32B, low $2.2B), average net income is $1.98B (high $2.05B, low $1.92B), average SG&A $329.53M (high $338.62M, low $321.39M), and average EPS is $9.11 (high $9.44, low $8.82).

Based on Old Dominion Freight Line's last annual report (Dec 2023), the company's revenue was $5.87B, which missed the average analysts forecast of $5.93B by -1.04%. Apple's EBITDA was $1.97B, beating the average prediction of $1.73B by 13.55%. The company's net income was $1.24B, beating the average estimation of $1.21B by 2.15%. Apple's SG&A was $205.68M, missing the average forecast of $245.02M by -16.05%. Lastly, the company's EPS was $11.26, beating the average prediction of $5.55 by 103.04%. In terms of the last quarterly report (Dec 2023), Old Dominion Freight Line's revenue was $1.5B, missing the average analysts' forecast of $1.5B by -0.04%. The company's EBITDA was $505.07M, beating the average prediction of $422.94M by 19.42%. Old Dominion Freight Line's net income was $322.82M, beating the average estimation of $309.52M by 4.29%. The company's SG&A was $70.48M, beating the average forecast of $61.71M by 14.21%. Lastly, the company's EPS was $2.96, beating the average prediction of $1.42 by 108.04%