Old Dominion Freight Line (ODFL) Stock Forecast & Price Target $224.11 -1.86 (-0.82%) (As of 11/27/2024 05:37 PM ET) Add Compare Share Share Analyst Forecasts Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Old Dominion Freight Line - Analysts' Recommendations and Stock Price Forecast (2024) How MarketBeat Calculates Price Target and Consensus Rating 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 HoldBased on 20 Analyst RatingsSell1Hold14Buy5 Based on 20 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 20 analysts, 1 has given a sell rating, 14 have given a hold rating, 4 have given a buy rating, and 1 has given a strong buy rating for ODFL. Consensus Price Target $200.41-10.57% Downside According to the 20 analysts' twelve-month price targets for Old Dominion Freight Line, the average price target is $200.41. The highest price target for ODFL is $241.00, while the lowest price target for ODFL is $160.00. The average price target represents a forecasted downside of -10.57% from the current price of $224.11. Get the Latest News and Ratings for ODFL and Related Stocks Enter your email address to receive the latest news and analysts' ratings for Old Dominion Freight Line and its competitors. Enter your email to sign up for newsletter Sign Up ODFL Analyst Ratings Over TimeTypeCurrent Forecast11/30/23 to 11/29/241 Month Ago10/31/23 to 10/30/243 Months Ago9/1/23 to 8/31/241 Year Ago11/30/22 to 11/30/23Strong Buy1 Strong Buy rating(s)1 Strong Buy rating(s)1 Strong Buy rating(s)0 Strong Buy rating(s)Buy4 Buy rating(s)4 Buy rating(s)5 Buy rating(s)7 Buy rating(s)Hold14 Hold rating(s)14 Hold rating(s)12 Hold rating(s)10 Hold rating(s)Sell1 Sell rating(s)1 Sell rating(s)1 Sell rating(s)2 Sell rating(s)Consensus Price Target$200.41$196.39$200.88$197.74Forecasted Upside-10.57% Downside-3.65% Downside4.19% Upside1.65% UpsideConsensus RatingHoldHoldHoldHold Blackrock’s Sending THIS Crypto Higher on Purpose (Ad)It's a groundbreaking opportunity that could be poised for extraordinary gains. The catalyst behind this surge is a massive new blockchain development…YES, I WANT THE #1 CRYPTO NOW ODFL Analyst Recommendations By MonthAnalyst Ratings Chart DescriptionThe 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.Skip Chart & View Analyst Rating History ODFL Price Targets by MonthAverage Share Price and Price Target by Month Chart DescriptionThe 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.Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table Old Dominion Freight Line Stock vs. The CompetitionTypeOld Dominion Freight LineTransportation CompaniesS&P 500Consensus Rating Score 2.25 2.59 2.50Consensus RatingHoldModerate BuyModerate BuyPredicted Upside-10.57% Downside33.83% Upside6.73% UpsideNews Sentiment RatingPositive NewsSee Recent ODFL NewsPositive NewsPositive News Recent Analyst Forecasts and Stock Ratings All Ratings Strong Buy Buy Hold Sell Rating Show All Upside > 100% Upside 50% - 100% Upside 20% - 50% Upside 10% - 20% Upside 0% - 10% Downside 0% - 10% Downside 10% - 20% Downside 20% - 50% Downside 50% - 100% Downside > 100% Upside/Downside All Actions Upgrades Downgrades Initiates Coverage Raises Target Lowers Target Reiterates Rating Action Custom Range 1 Month 3 Months 6 Months Year-to-Date 1 Year 3 Years 5 Years Time Frame Start Date End Date Most Recent from Each Brokerage All Show Export to Excel DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails11/13/2024Barclays3 of 5 stars Boost TargetEqual Weight ➝ Equal Weight$190.00 ➝ $220.00-2.56%11/12/2024Citigroup3 of 5 starsA. RosaSubscribe to MarketBeat All Access for the recommendation accuracy ratingBoost TargetNeutral ➝ Neutral$201.00 ➝ $241.00+5.35%11/12/2024Argus2 of 5 stars DowngradeBuy ➝ Hold10/24/2024TD CowenSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetHold ➝ Hold$203.00 ➝ $196.00+2.48%10/24/2024SusquehannaSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetPositive ➝ Positive$225.00 ➝ $218.00+14.42%10/24/2024Wells Fargo & CompanySubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetUnderweight ➝ Underweight$170.00 ➝ $160.00-16.28%Unveiled: NVIDIA’s "Secret Royalty" Program (Ad)Did you know that there's an investment that will give you the opportunity to collect "royalties" every time Nvidia makes a chip?Click Here to learn how to get in now >>>10/24/2024BMO Capital MarketsSubscribe to MarketBeat All Access for the recommendation accuracy ratingF. ChamounSubscribe to MarketBeat All Access for the recommendation accuracy ratingLower TargetMarket Perform ➝ Market Perform$210.00 ➝ $205.00+7.45%10/24/2024Robert W. BairdSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetOutperform ➝ Outperform$204.00 ➝ $200.00+6.01%10/21/2024Stifel NicolausSubscribe to MarketBeat All Access for the recommendation accuracy rating DowngradeBuy ➝ Hold$209.00 ➝ $197.00-1.27%10/9/2024The Goldman Sachs GroupSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetNeutral ➝ Neutral$228.00 ➝ $216.00+10.88%10/3/2024Evercore ISISubscribe to MarketBeat All Access for the recommendation accuracy ratingJ. ChappellSubscribe to MarketBeat All Access for the recommendation accuracy ratingLower TargetIn-Line ➝ In-Line$199.00 ➝ $188.00-2.33%9/11/2024BenchmarkSubscribe to MarketBeat All Access for the recommendation accuracy rating Reiterated RatingHold9/6/2024JPMorgan Chase & Co.Subscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetNeutral ➝ Neutral$193.00 ➝ $189.00+2.36%9/6/2024Bank of AmericaSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetNeutral ➝ Neutral$210.00 ➝ $206.00+12.30%9/5/2024StephensSubscribe to MarketBeat All Access for the recommendation accuracy rating Reiterated RatingOverweight ➝ Overweight$214.00 ➝ $214.00+16.03%7/25/2024Raymond JamesSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetOutperform ➝ Outperform$190.00 ➝ $209.00+0.51%7/8/2024Morgan StanleySubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetEqual Weight ➝ Equal Weight$174.00 ➝ $168.00-6.42%5/8/2024Baird R WSubscribe to MarketBeat All Access for the recommendation accuracy ratingG. HollandSubscribe to MarketBeat All Access for the recommendation accuracy ratingUpgradeHold ➝ Strong-Buy4/29/2024Vertical ResearchSubscribe to MarketBeat All Access for the recommendation accuracy rating UpgradeSell ➝ Hold$175.00-4.07%4/25/2024UBS GroupSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetNeutral ➝ Neutral$202.00 ➝ $205.00+5.66%11/27/2023Deutsche Bank AktiengesellschaftSubscribe to MarketBeat All Access for the recommendation accuracy rating DowngradeBuy ➝ Hold$237.50 ➝ $193.00-4.53%7/27/2023Credit Suisse GroupSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost Target$152.00 ➝ $187.50-10.87%6/30/20233MSubscribe to MarketBeat All Access for the recommendation accuracy rating Reiterated RatingMaintains6/30/2023VNET GroupSubscribe to MarketBeat All Access for the recommendation accuracy rating Reiterated RatingMaintains6/12/2023Jefferies Financial GroupSubscribe to MarketBeat All Access for the recommendation accuracy rating Initiated CoverageHold$175.00+14.31%4/27/202322nd Century GroupSubscribe to MarketBeat All Access for the recommendation accuracy rating Reiterated RatingMaintains4/27/2023888Subscribe to MarketBeat All Access for the recommendation accuracy rating Reiterated RatingMaintains2/2/2023Wolfe ResearchSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetUnderperform$145.50 ➝ $163.00-13.33%2/2/2023CowenSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetMarket Perform$133.50 ➝ $166.00-9.69%2/2/2023KeyCorpSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetOverweight$162.50 ➝ $200.00+8.81%Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 03:41 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 Sunday, November 24, 2024. 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.: The current stock price is $218.98, reflecting strong market performance and investor confidence in the company's growth potential. Old Dominion Freight Line, Inc. has a solid annualized dividend of $1.04, providing a dividend yield of 0.49%, which can be attractive for income-focused investors. The company reported a net margin of 21.03% in its latest quarterly earnings, indicating efficient management and profitability, which can lead to higher returns for shareholders. With a P/E ratio of 38.28, the company is positioned for growth, suggesting that investors are willing to pay a premium for its earnings potential. Insider ownership is at 9.90%, which can signal confidence in the company's future performance, as insiders often have a vested interest in driving the company's success. Old Dominion Freight Line Bear Case Investors should be bearish about investing in Old Dominion Freight Line, Inc. for these reasons: The stock has seen insider selling, with a total of 49,975 shares sold worth over $10 million in the last 90 days, which may raise concerns about the company's future prospects. Analysts have mixed ratings, with one sell rating and a consensus average rating of "Hold," indicating uncertainty about the stock's future performance. The company’s revenue for the latest quarter was $1.47 billion, which fell short of analysts' expectations of $1.49 billion, suggesting potential challenges in meeting growth targets. Old Dominion Freight Line, Inc. has a high P/E ratio compared to industry averages, which could indicate that the stock is overvalued, posing a risk for new investors. The recent decrease in price targets from several brokerages, including a cut from $199.00 to $188.00, may suggest a bearish outlook among analysts. ODFL Forecast - Frequently Asked Questions What is Old Dominion Freight Line's forecast for 2025? According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Old Dominion Freight Line is $200.41, with a high forecast of $241.00 and a low forecast of $160.00. Should I buy or sell Old Dominion Freight Line stock right now? 20 Wall Street 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, 14 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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. Does Old Dominion Freight Line's stock price have much downside? According to analysts, Old Dominion Freight Line's stock has a predicted downside of -10.57% based on their 12-month stock forecasts. Has Old Dominion Freight Line been downgraded by Wall Street analysts recently? Over the previous 90 days, Old Dominion Freight Line's stock had 3 downgrades by analysts. What analysts cover Old Dominion Freight Line? Old Dominion Freight Line has been rated by research analysts at Argus, Bank of America, Barclays, Benchmark, BMO Capital Markets, Citigroup, Evercore ISI, JPMorgan Chase & Co., Robert W. Baird, Stephens, Stifel Nicolaus, Susquehanna, TD Cowen, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days. Do Wall Street analysts like Old Dominion Freight Line more than its competitors? 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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