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

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Analyst price target for ODFL

Based on 10 analysts offering 12 month price targets for Old Dominion Freight Line Inc.
Min Forecast
$265.00-2.75%
Avg Forecast
$298.50+9.55%
Max Forecast
$350.00+28.45%

Should I buy or sell ODFL stock?

Based on 13 analysts offering ratings for Old Dominion Freight Line Inc.
Hold
Strong Buy
2 analysts 15.38%
Buy
1 analysts 7.69%
Hold
7 analysts 53.85%
Sell
2 analysts 15.38%
Strong Sell
1 analysts 7.69%

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ODFL stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Morgan Stanley
Bottom 1%
1
HoldMaintains$310.00+13.77%2022-10-03
Vertical Research
Top 18%
83
Strong SellDowngradesN/AN/A2022-08-17
Raymond James
Top 6%
95
BuyMaintains$300.00+10.10%2022-07-28
UBS
Top 8%
93
HoldMaintains$279.00+2.39%2022-07-28
Credit Suisse
Top 17%
84
HoldMaintains$295.00+8.26%2022-07-28
Wells Fargo
Top 25%
76
Strong BuyMaintains$300.00+10.10%2022-07-28
Evercore ISI Group
Top 17%
84
HoldMaintains$301.00+10.46%2022-07-12
Wolfe Research
Bottom 14%
14
SellDowngradesN/AN/A2022-07-12
Citigroup
Top 22%
79
HoldMaintains$265.00-2.75%2022-05-19
Susquehanna
Bottom 15%
15
HoldMaintains$285.00+4.59%2022-04-28

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Forecast return on equity

Is ODFL forecast to generate an efficient return?
Company
40.49%
Industry
28.96%
Market
110.54%
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
30.03%
Industry
18.76%
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 8 analysts?
Avg 1 year Forecast
$11.80+8.76%
Avg 2 year Forecast
$12.12+11.71%
Avg 3 year Forecast
$12.88+18.71%
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 5 analysts?
Avg 1 year Forecast
$6.4B+6.77%
Avg 2 year Forecast
$6.6B+11.21%
Avg 3 year Forecast
$6.8B+14.25%
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
5.99%
Industry
2%
Market
19.09%
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
5.32%
Industry
11.61%
Market
8.49%
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$272.49$298.50+9.55%Hold
TFII$97.51$117.13+20.12%Strong Buy
KNX$49.72$61.00+22.69%Buy
SAIA$202.96$273.83+34.92%Buy
SNDR$21.56$27.83+29.10%Buy

Old Dominion Freight Line Stock Forecast FAQ

Is Old Dominion Freight Line Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 13 Wall Street analysts covering (NASDAQ: ODFL) stock is to Hold ODFL stock.

Out of 13 analysts, 2 (15.38%) are recommending ODFL as a Strong Buy, 1 (7.69%) are recommending ODFL as a Buy, 7 (53.85%) are recommending ODFL as a Hold, 2 (15.38%) are recommending ODFL as a Sell, and 1 (7.69%) 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 2022-2024?

(NASDAQ: ODFL) Old Dominion Freight Line's forecast annual earnings growth rate of 5.99% is forecast to beat the US Trucking industry's average forecast earnings growth rate of 2%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 19.09%.

Old Dominion Freight Line's earnings in 2022 is $1,241,269,000.On average, 8 Wall Street analysts forecast ODFL's earnings for 2022 to be $1,318,931,713, with the lowest ODFL earnings forecast at $1,296,576,938, and the highest ODFL earnings forecast at $1,363,641,263. On average, 8 Wall Street analysts forecast ODFL's earnings for 2023 to be $1,354,699,353, with the lowest ODFL earnings forecast at $1,263,044,776, and the highest ODFL earnings forecast at $1,425,116,894.

In 2024, ODFL is forecast to generate $1,439,647,497 in earnings, with the lowest earnings forecast at $1,439,647,497 and the highest earnings forecast at $1,439,647,497.

What is ODFL's revenue growth forecast for 2022-2024?

(NASDAQ: ODFL) Old Dominion Freight Line's forecast annual revenue growth rate of 5.32% is not forecast to beat the US Trucking industry's average forecast revenue growth rate of 11.61%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.49%.

Old Dominion Freight Line's revenue in 2022 is $5,975,132,000.On average, 5 Wall Street analysts forecast ODFL's revenue for 2022 to be $713,079,201,229, with the lowest ODFL revenue forecast at $704,820,341,453, and the highest ODFL revenue forecast at $731,738,843,528. On average, 5 Wall Street analysts forecast ODFL's revenue for 2023 to be $742,713,473,121, with the lowest ODFL revenue forecast at $705,243,293,792, and the highest ODFL revenue forecast at $776,660,763,489.

In 2024, ODFL is forecast to generate $763,011,161,544 in revenue, with the lowest revenue forecast at $763,011,161,544 and the highest revenue forecast at $763,011,161,544.

What is ODFL's forecast return on assets (ROA) for 2022-2024?

(NASDAQ: ODFL) forecast ROA is 30.03%, which is higher than the forecast US Trucking industry average of 18.76%.

What is ODFL's Price Target?

According to 10 Wall Street analysts that have issued a 1 year ODFL price target, the average ODFL price target is $298.50, with the highest ODFL stock price forecast at $350.00 and the lowest ODFL stock price forecast at $265.00.

On average, Wall Street analysts predict that Old Dominion Freight Line's share price could reach $298.50 by Oct 3, 2023. The average Old Dominion Freight Line stock price prediction forecasts a potential upside of 9.55% from the current ODFL share price of $272.49.

What is ODFL's Earnings Per Share (EPS) forecast for 2022-2024?

(NASDAQ: ODFL) Old Dominion Freight Line's current Earnings Per Share (EPS) is $10.85. On average, analysts forecast that ODFL's EPS will be $11.80 for 2022, with the lowest EPS forecast at $11.60, and the highest EPS forecast at $12.20. On average, analysts forecast that ODFL's EPS will be $12.12 for 2023, with the lowest EPS forecast at $11.30, and the highest EPS forecast at $12.75. In 2024, ODFL's EPS is forecast to hit $12.88 (min: $12.88, max: $12.88).

What is ODFL's forecast return on equity (ROE) for 2022-2024?

(NASDAQ: ODFL) forecast ROE is 40.49%, which is considered strong.
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