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

$193.65 +9.99 (+5.44%)

Closing price 02/5/2025 04:00 PM Eastern

Extended Trading

$192.50 -1.16 (-0.60%)

As of 07:37 AM Eastern

Old Dominion Freight Line - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 21 Analyst Ratings

Sell
1

Hold
16

Buy
4

Based on 21 Wall Street analysts who have issued ratings for Old Dominion Freight Line in the last 12 months, the stock has a consensus rating of "Hold." Out of the 21 analysts, 1 has given a sell rating, 16 have given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for ODFL.

Consensus Price Target

$202.44
4.54% Upside

According to the 21 analysts' twelve-month price targets for Old Dominion Freight Line, the average price target is $202.44. The highest price target for ODFL is $241.00, while the lowest price target for ODFL is $168.00. The average price target represents a forecasted upside of 4.54% from the current price of $193.65.

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ODFL Analyst Ratings Over Time

Type	Current Forecast 2/7/24 to 2/6/25	1 Month Ago 1/8/24 to 1/7/25	3 Months Ago 11/9/23 to 11/8/24	1 Year Ago 2/7/23 to 2/7/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)	7 Buy rating(s)
Hold	16 Hold rating(s)	15 Hold rating(s)	14 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$202.44	$204.12	$196.39	$206.39
Forecasted Upside	4.54% Upside	13.00% Upside	-13.14% Downside	-4.55% Downside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

ODFL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ODFL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Old Dominion Freight Line Stock vs. The Competition

Type	Old Dominion Freight Line	Transportation Companies	S&P 500
Consensus Rating Score	2.19	2.59	2.53
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	4.54% Upside	34.53% Upside	12.53% Upside
News Sentiment Rating	Positive News See Recent ODFL News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
1/23/2025	Stifel Nicolaus 4 of 5 stars	J. Bruce Chan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$176.00 ➝ $193.00	+1.26%
1/17/2025	Barclays 3 of 5 stars	Brandon Oglenski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$220.00 ➝ $210.00	+10.77%
1/16/2025	Bank of America 3 of 5 stars	Ken Hoexter Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$237.00 ➝ $204.00	+8.06%
1/10/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Stephanie Moore Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$185.00 ➝ $190.00	+8.15%
1/7/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$195.00 ➝ $185.00	+2.72%
1/7/2025	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Majors Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Positive ➝ Neutral	$218.00 ➝ $195.00	+6.75%
12/12/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$213.00 ➝ $235.00	+16.87%
12/6/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$186.00 ➝ $205.00	+0.03%
12/4/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$240.00 ➝ $240.00	+11.08%
11/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Rosa Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$201.00 ➝ $241.00	+5.35%
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11/12/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
10/24/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$203.00 ➝ $196.00	+2.48%
10/24/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	F. Chamoun Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Market Perform ➝ Market Perform	$210.00 ➝ $205.00	+7.45%
10/24/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$204.00 ➝ $200.00	+6.01%
10/3/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Chappell Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	In-Line ➝ In-Line	$199.00 ➝ $188.00	-2.33%
9/11/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
7/25/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$190.00 ➝ $209.00	+0.51%
7/8/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$174.00 ➝ $168.00	-6.42%
5/8/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Holland Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
4/29/2024	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Hold	$175.00	-4.07%
4/25/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$202.00 ➝ $205.00	+5.66%
11/27/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$237.50 ➝ $193.00	-4.53%
7/27/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$152.00 ➝ $187.50	-10.87%
6/30/2023	3M Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
6/30/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/27/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/27/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:58 AM ET.

Should I Buy Old Dominion Freight Line Stock? ODFL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, January 28, 2025. Please send any questions or comments about these Old Dominion Freight Line pros and cons to contact@marketbeat.com.

Old Dominion Freight Line
Bull Case

Here are some ways that investors could benefit from investing in Old Dominion Freight Line, Inc.:

Strong Earnings Performance: Old Dominion Freight Line, Inc. reported earnings per share of $1.43 for the latest quarter, exceeding analysts' expectations of $1.42, indicating robust financial health.
High Return on Equity: The company boasts a return on equity of 29.40%, which suggests effective management and a strong ability to generate profits from shareholders' equity.
Stable Market Position: With a market capitalization of approximately $40.89 billion, Old Dominion Freight Line, Inc. is a significant player in the less-than-truckload transportation sector, providing stability and growth potential.
Low Debt Levels: The company has a debt-to-equity ratio of 0.01, indicating minimal reliance on debt for financing, which reduces financial risk and enhances stability.
Current Stock Price: As of the latest trading data, the stock price is around $197.39, which is within its 52-week range of $165.49 to $233.26, suggesting potential for growth as it approaches its high.

Old Dominion Freight Line
Bear Case

Investors should be bearish about investing in Old Dominion Freight Line, Inc. for these reasons:

Declining Revenue: The company reported a year-over-year revenue decrease of 3.0%, which may indicate challenges in maintaining sales growth in a competitive market.
High Price-to-Earnings Ratio: With a P/E ratio of 33.49, the stock may be considered overvalued compared to its earnings, which could deter value-focused investors.
Market Volatility: The beta of 1.05 suggests that the stock is slightly more volatile than the market, which could pose risks for conservative investors.
Lower Earnings Compared to Last Year: The earnings per share decreased from $1.54 in the same quarter last year, which may raise concerns about the company's growth trajectory.
Potential Economic Sensitivity: As a transportation company, Old Dominion Freight Line, Inc. may be sensitive to economic downturns, which could impact demand for its services.

ODFL Forecast - Frequently Asked Questions

: According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Old Dominion Freight Line is $202.44, with a high forecast of $241.00 and a low forecast of $168.00.
: 21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last twelve months. There is currently 1 sell rating, 16 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ODFL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ODFL, but not buy additional shares or sell existing shares.
: According to analysts, Old Dominion Freight Line's stock has a predicted upside of 4.54% based on their 12-month stock forecasts.
: Over the previous 90 days, Old Dominion Freight Line's stock had 1 downgrade by analysts.
: Old Dominion Freight Line has been rated by research analysts at Argus, Bank of America, Barclays, Citigroup, Jefferies Financial Group, JPMorgan Chase & Co., Stephens, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Old Dominion Freight Line less than other "transportation" companies. The consensus rating for Old Dominion Freight Line is Hold while the average consensus rating for "transportation" companies is Moderate Buy. Learn more on how ODFL compares to other companies.

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This page (NASDAQ:ODFL) was last updated on 2/6/2025 by MarketBeat.com Staff

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