WallStreetZenWallStreetZen

NASDAQ: ODFL
Old Dominion Freight Line Inc Stock Forecast, Predictions & Price Target

Analyst price target for ODFL

Based on 12 analysts offering 12 month price targets for Old Dominion Freight Line Inc.
Min Forecast
$168.00-11.68%
Avg Forecast
$198.92+4.57%
Max Forecast
$222.00+16.71%

Should I buy or sell ODFL stock?

Based on 12 analysts offering ratings for Old Dominion Freight Line Inc.
Hold
Strong Buy
1 analysts 8.33%
Buy
3 analysts 25%
Hold
7 analysts 58.33%
Sell
0 analysts 0%
Strong Sell
1 analysts 8.33%

Be the first to know when Wall Street analysts revise their ODFL stock forecasts and price targets.

ODFL stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-07-08
lockedlocked$00.00+00.00%2024-06-25
lockedlocked$00.00+00.00%2024-06-24
lockedlocked$00.00+00.00%2024-06-12
lockedlocked$00.00+00.00%2024-06-12
Wells Fargo
Top 6%
95
Strong SellInitiates Coverage On$175.00-8.00%2024-06-07
Bank of America
Top 14%
87
HoldMaintains$192.00+0.94%2024-06-06
BMO Capital
Top 6%
95
BuyInitiates Coverage On$210.00+10.40%2024-06-05
Baird
Top 35%
66
BuyUpgrades$205.00+7.77%2024-05-08
JP Morgan
Top 19%
82
HoldMaintains$219.00+15.13%2024-04-25

1 of 2

Forecast return on equity

Is ODFL forecast to generate an efficient return?
Company
36.78%
Industry
31.67%
Market
63.35%
ODFL's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is ODFL forecast to generate an efficient return on assets?
Company
28.64%
Industry
18.59%
ODFL is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

ODFL earnings per share forecast

What is ODFL's earnings per share in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$5.90+3.37%
Avg 2 year Forecast
$6.89+20.65%
Avg 3 year Forecast
$7.45+30.47%
ODFL's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

ODFL revenue forecast

What is ODFL's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$6.1B+4.45%
Avg 2 year Forecast
$6.8B+14.83%
Avg 3 year Forecast
$7.2B+22.06%
ODFL's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

ODFL earnings growth forecast

How is ODFL forecast to perform vs Trucking companies and vs the US market?
Company
9.12%
Industry
27.41%
Market
20.68%
ODFL's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
ODFL's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
ODFL's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

ODFL revenue growth forecast

How is ODFL forecast to perform vs Trucking companies and vs the US market?
Company
6.79%
Industry
7.55%
Market
9.96%
ODFL's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
ODFL's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

ODFL vs Trucking Stocks

TickerPricePrice TargetUp/downsideConsensus
ODFL$190.22$198.92+4.57%Hold
TFII$149.64$166.88+11.52%Strong Buy
XPO$107.15$132.47+23.63%Strong Buy
SAIA$455.02$536.00+17.80%Strong Buy
KNX$49.88$54.54+9.34%Buy

Old Dominion Freight Line Stock Forecast FAQ

Is Old Dominion Freight Line Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 12 Wall Street analysts covering (NASDAQ: ODFL) stock is to Hold ODFL stock.

Out of 12 analysts, 1 (8.33%) are recommending ODFL as a Strong Buy, 3 (25%) are recommending ODFL as a Buy, 7 (58.33%) are recommending ODFL as a Hold, 0 (0%) are recommending ODFL as a Sell, and 1 (8.33%) are recommending ODFL as a Strong Sell.

If you're new to stock investing, here's how to buy Old Dominion Freight Line stock.

What is ODFL's earnings growth forecast for 2024-2026?

(NASDAQ: ODFL) Old Dominion Freight Line's forecast annual earnings growth rate of 9.12% is not forecast to beat the US Trucking industry's average forecast earnings growth rate of 27.41%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 20.68%.

Old Dominion Freight Line's earnings in 2024 is $1,246,768,000.On average, 9 Wall Street analysts forecast ODFL's earnings for 2024 to be $1,282,460,011, with the lowest ODFL earnings forecast at $1,238,524,967, and the highest ODFL earnings forecast at $1,325,439,000. On average, 9 Wall Street analysts forecast ODFL's earnings for 2025 to be $1,496,855,201, with the lowest ODFL earnings forecast at $1,368,896,017, and the highest ODFL earnings forecast at $1,568,798,292.

In 2026, ODFL is forecast to generate $1,618,773,861 in earnings, with the lowest earnings forecast at $1,586,181,099 and the highest earnings forecast at $1,651,366,623.

What is ODFL's revenue growth forecast for 2024-2026?

(NASDAQ: ODFL) Old Dominion Freight Line's forecast annual revenue growth rate of 6.79% is not forecast to beat the US Trucking industry's average forecast revenue growth rate of 7.55%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.96%.

Old Dominion Freight Line's revenue in 2024 is $5,884,089,000.On average, 6 Wall Street analysts forecast ODFL's revenue for 2024 to be $1,335,441,284,380, with the lowest ODFL revenue forecast at $1,322,260,119,450, and the highest ODFL revenue forecast at $1,360,135,082,094. On average, 6 Wall Street analysts forecast ODFL's revenue for 2025 to be $1,468,099,476,353, with the lowest ODFL revenue forecast at $1,438,257,760,476, and the highest ODFL revenue forecast at $1,504,562,303,248.

In 2026, ODFL is forecast to generate $1,560,507,562,451 in revenue, with the lowest revenue forecast at $1,537,708,707,937 and the highest revenue forecast at $1,583,306,416,965.

What is ODFL's forecast return on assets (ROA) for 2024-2026?

(NASDAQ: ODFL) forecast ROA is 28.64%, which is higher than the forecast US Trucking industry average of 18.59%.

What is ODFL's Price Target?

According to 12 Wall Street analysts that have issued a 1 year ODFL price target, the average ODFL price target is $198.92, with the highest ODFL stock price forecast at $222.00 and the lowest ODFL stock price forecast at $168.00.

On average, Wall Street analysts predict that Old Dominion Freight Line's share price could reach $198.92 by Jul 8, 2025. The average Old Dominion Freight Line stock price prediction forecasts a potential upside of 4.57% from the current ODFL share price of $190.22.

What is ODFL's Earnings Per Share (EPS) forecast for 2024-2026?

(NASDAQ: ODFL) Old Dominion Freight Line's current Earnings Per Share (EPS) is $5.71. On average, analysts forecast that ODFL's EPS will be $5.90 for 2024, with the lowest EPS forecast at $5.70, and the highest EPS forecast at $6.10. On average, analysts forecast that ODFL's EPS will be $6.89 for 2025, with the lowest EPS forecast at $6.30, and the highest EPS forecast at $7.22. In 2026, ODFL's EPS is forecast to hit $7.45 (min: $7.30, max: $7.60).

What is ODFL's forecast return on equity (ROE) for 2024-2026?

(NASDAQ: ODFL) forecast ROE is 36.78%, which is considered strong.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.