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

OverviewRevenueOwnershipFinancialsChartTranscripts

ODFL Stock Forecast

Old Dominion Freight Line stock forecast is as follows: an average price target of $202.38 (represents a 11.58% upside from ODFL’s last price of $181.37) 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 $202.38 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $215.00 to $185.00. This represents a potential 11.58% upside from ODFL's last price of $181.37.

ODFL Analyst Ratings

Hold

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 09, 2024Patrick Tyler BrownRaymond James$215.00$203.005.91%18.54%
Oct 24, 2024Fadi ChamounBMO Capital$205.00$188.678.66%13.03%
Oct 24, 2024Garrett HollandRobert W. Baird$200.00$188.676.01%10.27%
Oct 24, 2024Jack AtkinsStephens$210.00$188.6711.31%15.79%
Oct 18, 2024Fadi ChamounLoop Capital Markets$210.00$199.435.30%15.79%
Oct 03, 2024Jonathan ChappellEvercore ISI$188.00$193.50-2.84%3.66%
Sep 05, 2024Ken HoexterBank of America Securities$206.00$184.4411.69%13.58%
Sep 05, 2024Garrett HollandRobert W. Baird$204.00$185.719.85%12.48%
Jul 25, 2024Patrick Tyler BrownRaymond James$209.00$205.821.55%15.23%
Jul 25, 2024Garrett HollandRobert W. Baird$215.00$205.824.46%18.54%
Jul 25, 2024Fadi ChamounBMO Capital$215.00$205.824.46%18.54%
Jun 25, 2024Jonathan ChappellEvercore ISI$196.00$176.0711.32%8.07%
Jun 20, 2024Thomas WadewitzUBS$185.00$173.306.75%2.00%
Jun 12, 2024Bascome MajorsSusquehanna$210.00$173.9120.75%15.79%
Jun 05, 2024Fadi ChamounBMO Capital$210.00$175.3719.75%15.79%
May 08, 2024Garrett HollandRobert W. Baird$205.00$181.7012.82%13.03%
Apr 25, 2024Jonathan ChappellEvercore ISI$225.00$195.0615.35%24.06%
Jan 08, 2024Bascome MajorsSusquehanna$185.00$98.1888.43%2.00%
Feb 08, 2023Raymond James$395.00$367.347.53%117.79%
Feb 02, 2023Deutsche Bank$396.00$374.905.63%118.34%
Feb 02, 2023Susquehanna$330.00$376.00-12.23%81.95%
Feb 02, 2023Cowen & Co.$332.00$376.33-11.78%83.05%
Feb 02, 2023Citigroup$380.00$374.061.59%109.52%
Feb 02, 2023Wells Fargo$395.00$367.627.45%117.79%
Jan 04, 2023Wells Fargo$315.00$286.529.94%73.68%
Jul 15, 2022Patrick Tyler BrownRaymond James$265.00$254.973.93%46.11%
Jun 27, 2022Ariel RosaCredit Suisse$282.00$260.068.44%55.48%
Jun 27, 2022Allison Poliniak-CusicWells Fargo$300.00$259.2015.74%65.41%
Apr 28, 2022Wells Fargo$280.00$292.26-4.19%54.38%
Apr 28, 2022Susquehanna$285.00$284.950.02%57.14%
Apr 20, 2022Raymond James$305.00$277.339.98%68.16%
Apr 04, 2022Ravi ShankerMorgan Stanley$168.50$138.8521.35%-7.10%
Feb 02, 2022Jonathan ChappellEvercore ISI$368.00$323.9113.61%102.90%
Jan 04, 2022Jack AtkinsStephens$385.00$354.648.56%112.27%
Dec 09, 2021Bascome MajorsSusquehanna$395.00$354.4111.45%117.79%
Nov 30, 2021Todd FowlerKeyBanc$375.00$354.835.68%106.76%
Aug 02, 2021Jordan AlligerGoldman Sachs$140.50$133.105.56%-22.53%
Apr 23, 2021John EadeArgus Research$285.00$257.0010.89%57.14%

The latest Old Dominion Freight Line stock forecast, released on Dec 09, 2024 by Patrick Tyler Brown from Raymond James, set a price target of $215.00, which represents a 5.91% increase from the stock price at the time of the forecast ($203.00), and a 18.54% increase from ODFL last price ($181.37).

Old Dominion Freight Line Price Target by Period

1M3M12M
# Anlaysts1618
Avg Price Target$215.00$204.67$205.17
Last Closing Price$181.37$181.37$181.37
Upside/Downside18.54%12.85%13.12%

In the current month, the average price target of Old Dominion Freight Line stock is $215.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 18.54% increase as opposed to Old Dominion Freight Line's last price of $181.37. This month's average price target is up 5.05% compared to last quarter, and up 4.79% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 09, 2024Raymond JamesOutperformOutperformHold
Dec 04, 2024CitigroupNeutralNeutralHold
Oct 24, 2024BMO CapitalMarket PerformMarket PerformHold
Oct 24, 2024Cowen & Co.HoldHoldHold
Oct 24, 2024StephensOverweightOverweightHold
Oct 18, 2024BMO CapitalMarket PerformPerformDowngrade
Oct 17, 2024BMO CapitalOutperformMarket PerformDowngrade
Oct 09, 2024Wolfe ResearchUnderperformUnderperformHold
Sep 18, 2024SusquehannaPositivePositiveHold
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 CapitalOutperformInitialise
Apr 29, 2024Vertical ResearchHoldUpgrade
Apr 25, 2024Evercore ISIOutperformOutperformHold
Jan 08, 2024SusquehannaNeutralPositiveUpgrade
Jul 07, 2023Raymond JamesOutperformOutperformHold
Jun 27, 2023Bank of America SecuritiesUnderperformBuyUpgrade
Jun 16, 2023SusquehannaNeutralNeutralHold
May 17, 2023Evercore ISIOutperformUpgrade
Apr 28, 2023Deutsche BankHoldBuyUpgrade
Apr 27, 2023Raymond JamesNeutralNeutralHold
Apr 27, 2023Credit SuisseUnderperformUnderperformHold
Feb 08, 2023Raymond JamesOutperformOutperformHold
Feb 02, 2023Deutsche BankHoldHoldHold
Feb 02, 2023SusquehannaNeutralNeutralHold
Feb 02, 2023Cowen & Co.Market PerformMarket PerformHold
Feb 02, 2023CitigroupNeutralNeutralHold
Feb 02, 2023Credit SuisseUnderperformUnderperformHold
Feb 02, 2023Wells FargoOverweightOverweightHold
Jan 31, 2023Credit SuisseUnderperformDowngrade
Jan 04, 2023Wells FargoOverweightOverweightHold
Jul 15, 2022Raymond JamesOutperformOutperformHold
Jun 27, 2022Wells FargoEqual-WeightOverweightUpgrade
Jun 20, 2022Bank of America SecuritiesUnderperformUnderperformHold
May 19, 2022CitigroupNeutralNeutralHold
Apr 28, 2022Wells FargoEqual-WeightEqual-WeightHold
Apr 28, 2022SusquehannaNeutralNeutralHold
Apr 04, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Dec 10, 2021SusquehannaNeutralInitialise
Nov 30, 2021UBSBuyDowngrade
Nov 30, 2021KeyBancOverweightOverweightHold

Old Dominion Freight Line's last stock rating was published by Raymond James on Dec 09, 2024. The company gave ODFL a "Outperform" rating, the same as its previous rate.

Old Dominion Freight Line Financial Forecast

Old Dominion Freight Line Revenue Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 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$1.67B$1.55B$1.53B$1.59B$1.54B$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$2.04B$2.14B$2.04B$1.88B$1.87B$1.96B$1.87B$1.72B$1.71B$1.79B$1.72B$1.59B$1.58B$1.64B$1.59B$1.48B$1.40B$1.51B$1.50B$1.47B$1.55B$1.58B$1.48B$1.53B$1.54B$1.62B$1.65B$1.45B$1.38B$1.37B
Low Forecast$1.94B$2.03B$1.94B$1.79B$1.77B$1.86B$1.77B$1.64B$1.62B$1.70B$1.64B$1.51B$1.50B$1.55B$1.51B$1.41B$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
# Analysts23456333334545271093361366555111211
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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts23456333334545271093361366555111211
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$510.92M$536.72M$516.07M$477.20M$472.32M$490.10M$475.97M$441.00M$428.07M$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$629.17M$659.22M$629.32M$580.43M$576.55M$604.07M$576.69M$531.92M$526.33M$552.91M$531.64M$491.59M$486.57M$504.89M$490.33M$456.31M$431.15M$465.87M$462.43M$625.77M$476.87M$485.95M$457.25M$568.88M$540.96M$497.89M$508.61M$517.16M$425.67M$421.63M
Low Forecast$597.09M$625.61M$597.24M$550.84M$547.16M$573.27M$547.29M$504.80M$499.49M$524.72M$504.53M$466.53M$461.76M$479.14M$465.33M$434.88M$418.83M$452.34M$462.43M$417.18M$455.33M$448.89M$433.94M$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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts23456333334545271093361366555111211
Net Income--------------------$322.81M$339.29M$292.36M$285.04M$323.93M$377.40M$376.08M$299.75M$278.81M$286.63M
Avg Forecast$483.25M$541.12M$488.18M$410.89M$399.01M$447.76M$413.49M$335.62M$358.18M$396.96M$371.42M$299.01M$310.08M$344.43M$327.75M$257.55M$252.52M$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$502.20M$562.35M$507.33M$427.01M$414.66M$465.32M$429.71M$348.79M$372.23M$412.53M$385.99M$310.74M$322.24M$357.94M$340.61M$268.28M$263.32M$318.09M$324.69M$397.00M$315.86M$324.85M$293.76M$360.91M$343.60M$334.78M$343.55M$328.10M$246.58M$264.49M
Low Forecast$469.21M$525.40M$473.99M$398.95M$387.42M$434.75M$401.48M$325.87M$347.77M$385.42M$360.63M$290.33M$301.07M$334.42M$318.23M$248.96M$248.21M$292.50M$300.23M$264.66M$299.80M$304.41M$274.46M$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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts23456333334545271093361366555111211
SG&A--------------------$70.47M$68.47M$65.50M$66.59M$57.68M$73.73M$65.98M$61.50M$51.95M$61.72M
Avg Forecast$90.24M$94.55M$90.26M$83.25M$82.69M$86.64M$82.71M$76.29M$75.49M$79.30M$76.25M$70.51M$69.79M$72.41M$70.33M$65.16M$63.25M$67.83M$68.33M$67.87M$68.19M$68.81M$65.58M$61.70M$53.35M$73.61M$75.20M$56.09M$62.93M$62.34M
High Forecast$92.96M$97.40M$92.98M$85.76M$85.19M$89.25M$85.21M$78.59M$77.77M$81.69M$78.55M$72.63M$71.89M$74.60M$72.45M$67.42M$63.70M$68.83M$68.33M$81.45M$70.46M$71.80M$67.56M$74.04M$64.02M$73.61M$75.20M$67.31M$62.93M$62.34M
Low Forecast$88.22M$92.43M$88.24M$81.39M$80.84M$84.70M$80.86M$74.58M$73.80M$77.53M$74.55M$68.93M$68.23M$70.79M$68.75M$64.25M$61.88M$66.83M$68.33M$54.30M$67.28M$66.33M$64.12M$49.36M$42.68M$73.61M$75.20M$44.87M$62.93M$62.34M
Surprise %--------------------1.03%1.00%1.00%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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts23456333334545271093361366555111211
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$1.85$2.08$1.92$1.56$1.66$1.84$1.73$1.39$1.44$1.60$1.52$1.20$1.17$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$2.33$2.61$2.36$1.98$1.93$2.16$2.00$1.62$1.73$1.92$1.79$1.44$1.50$1.66$1.58$1.25$1.22$1.48$1.51$1.34$1.47$1.51$1.36$1.39$1.39$1.54$1.58$1.20$1.13$1.22
Low Forecast$2.18$2.44$2.20$1.85$1.80$2.02$1.87$1.51$1.62$1.79$1.68$1.35$1.40$1.55$1.48$1.16$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
HTLDHeartland Express$11.72$16.3339.33%Hold
MRTNMarten Transport$16.71$22.5034.65%Hold
ARCBArcBest$106.03$139.3331.41%Hold
TFIITFI$149.85$174.9016.72%Buy
ODFLOld Dominion Freight Line$198.98$202.381.71%Hold
RXORXO$26.50$26.630.49%Buy
KNXKnight-Swift Transportation$53.94$54.000.11%Buy
SAIASaia$532.83$505.40-5.15%Buy
SNDRSchneider National$30.08$28.50-5.25%Buy
WERNWerner Enterprises$38.25$35.67-6.75%Sell
XPOXPO Logistics$157.94$145.57-7.83%Buy
ULHUniversal Logistics$47.90$36.00-24.84%

ODFL Forecast FAQ

Is Old Dominion Freight Line a good buy?

No, according to 14 Wall Street analysts, Old Dominion Freight Line (ODFL) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 42.86% of ODFL's total ratings.

What is ODFL's price target?

Old Dominion Freight Line (ODFL) average price target is $202.38 with a range of $185 to $215, implying a 11.58% from its last price of $181.37. The data is based on 14 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Old Dominion Freight Line stock go up soon?

According to Wall Street analysts' prediction for ODFL stock, the company can go up by 11.58% (from the last price of $181.37 to the average price target of $202.38), up by 18.54% based on the highest stock price target, and up by 2.00% based on the lowest stock price target.

Can Old Dominion Freight Line stock reach $300?

ODFL's average twelve months analyst stock price target of $202.38 does not support the claim that Old Dominion Freight Line can reach $300 in the near future.

What is Old Dominion Freight Line's current price target trend?

1 Wall Street analyst forecast a $215 price target for Old Dominion Freight Line (ODFL) this month, up 18.54% from its last price of $181.37. Compared to the last 3 and 12 months, the average price target increased by 12.85% and increased by 13.12%, respectively.

What are Old Dominion Freight Line's analysts' financial forecasts?

Old Dominion Freight Line's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $7.2B (high $7.42B, low $7.04B), average EBITDA is $2.22B (high $2.29B, low $2.17B), average net income is $1.6B (high $1.66B, low $1.55B), average SG&A $328.33M (high $338.24M, low $320.99M), and average EPS is $7.41 (high $7.71, low $7.2). ODFL's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $7.86B (high $8.1B, low $7.69B), average EBITDA is $2.42B (high $2.5B, low $2.37B), average net income is $1.92B (high $2B, low $1.87B), average SG&A $358.3M (high $369.11M, low $350.29M), and average EPS is $8.94 (high $9.29, low $8.68).

Did the ODFL's actual financial results beat the analysts' financial forecasts?

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 $1.85B by 6.50%. The company's net income was $1.24B, beating the average estimation of $1.2B by 2.97%. Apple's SG&A was $205.68M, missing the average forecast of $264.27M by -22.17%. 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 $461.49M by 9.44%. Old Dominion Freight Line's net income was $322.82M, beating the average estimation of $306.23M by 5.42%. The company's SG&A was $70.48M, beating the average forecast of $68.19M by 3.36%. Lastly, the company's EPS was $2.96, beating the average prediction of $1.42 by 108.04%