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

Analyst price target for ODFL

Based on 14 analysts offering 12 month price targets for Old Dominion Freight Line Inc.
Min Forecast
$320.00-21.55%
Avg Forecast
$376.43-7.71%
Max Forecast
$470.00+15.23%

Should I buy or sell ODFL stock?

Based on 14 analysts offering ratings for Old Dominion Freight Line Inc.
Buy
Strong Buy
4 analysts 28.57%
Buy
2 analysts 14.29%
Hold
7 analysts 50%
Sell
1 analysts 7.14%
Strong Sell
0 analysts 0%

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ODFL stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Stephens & Co.
Top 8%
93
Strong BuyReiterates$470.00+15.23%2023-08-21
Barclays
Bottom 12%
12
HoldMaintains$410.00+0.52%2023-07-28
Morgan Stanley
Bottom 1%
1
HoldReiterates$332.00-18.60%2023-07-27
Credit Suisse
Top 3%
98
SellMaintains$375.00-8.06%2023-07-27
Goldman Sachs
Top 9%
92
HoldMaintains$361.00-11.49%2023-07-27
Raymond James
Top 1%
100
BuyMaintains$440.00+7.87%2023-07-27
Wells Fargo
Top 4%
97
Strong BuyMaintains$425.00+4.20%2023-07-13
Citigroup
Top 8%
93
HoldMaintains$376.00-7.82%2023-06-30
Bank of America
Top 10%
91
Strong BuyUpgrades$391.00-4.14%2023-06-28
Susquehanna
Bottom 14%
14
HoldMaintains$320.00-21.55%2023-06-16

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Forecast return on equity

Is ODFL forecast to generate an efficient return?
Company
36.73%
Industry
31%
Market
48.79%
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
28.27%
Industry
19.16%
ODFL is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

ODFL earnings growth forecast

How is ODFL forecast to perform vs Trucking companies and vs the US market?
Company
5.39%
Industry
69.64%
Market
67.04%
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
12.17%
Industry
14%
Market
12.08%
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$407.88$376.43-7.71%Buy
TFII$131.11$151.50+15.55%Strong Buy
SAIA$391.20$395.07+0.99%Buy
KNX$52.78$61.71+16.93%Buy
XPO$69.00$73.22+6.12%Buy

Old Dominion Freight Line Stock Forecast FAQ

Is Old Dominion Freight Line Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 14 Wall Street analysts covering (NASDAQ: ODFL) stock is to Buy ODFL stock.

Out of 14 analysts, 4 (28.57%) are recommending ODFL as a Strong Buy, 2 (14.29%) are recommending ODFL as a Buy, 7 (50%) are recommending ODFL as a Hold, 1 (7.14%) are recommending ODFL as a Sell, and 0 (0%) 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 forecast return on equity (ROE) for 2023-2024?

(NASDAQ: ODFL) forecast ROE is 36.73%, which is considered strong.

What is ODFL's Price Target?

According to 14 Wall Street analysts that have issued a 1 year ODFL price target, the average ODFL price target is $376.43, with the highest ODFL stock price forecast at $470.00 and the lowest ODFL stock price forecast at $320.00.

On average, Wall Street analysts predict that Old Dominion Freight Line's share price could fall to $376.43 by Aug 21, 2024. The average Old Dominion Freight Line stock price prediction forecasts a potential downside of 7.71% from the current ODFL share price of $407.88.

What is ODFL's forecast return on assets (ROA) for 2023-2024?

(NASDAQ: ODFL) forecast ROA is 28.27%, which is higher than the forecast US Trucking industry average of 19.16%.
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