Old Dominion Freight Line, Inc. (ODFL) Stock Forecast & Predictions

Old Dominion Freight Line, Inc. ODFL: $296.81

500 Old Dominion Way, Thomasville, North Carolina, US. | Sector: Transportation and Warehousing | Exchange: NASDAQ | Web: www.odfl.com

  • Market Cap$34.14B
  • Change (52 Weeks)45.37%
  • Low (52 Weeks)$192.35
  • Old Dominion Freight Line, Inc. (ODFL) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Old Dominion Freight Line, Inc. (ODFL) is based on 27 Institutional Analyst Ratings where 22.22% are on Strong Buy, 18.52% on Moderate Buy, 55.56% remains on Hold, 0.00% are on Moderate Sell and 3.70% are on Strong Sell.

    Out of 27 Institutional Analysts, majority recommended ODFL stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Old Dominion Freight Line, Inc..

    Old Dominion Freight Line, Inc. (ODFL) Stock Price Prediction By Analysts


    HighLowAverage
    $404.25$282.80$342.82
    $342.8215.5% Upside
    Updated: 2022-01-13 00:00:00

    The Average Price target for ODFL set by the institutional analysts is $342.82 where High Estimate is $404.25, Median $343.74 and Low $282.80.

    The average price target for ODFL by Institutional Analysts is $342.82, which is 15.5% Upside from the current price. So according to the Institutional Analysts, ODFL Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Old Dominion Freight Line, Inc. (ODFL) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Evercore ISI GroupIn-LineDowngraded
    Raymond JamesMarket OutperformMaintained
    SusquehannaNeutralInitiated
    BenchmarkHoldInitiated
    KeybancOverweightMaintained
    UBSNeutralDowngraded
    KeybancOverweightMaintained
    CitigroupNeutralMaintained
    B of A SecuritiesUnderperformMaintained
    Wells FargoEqual-WeightMaintained
    Morgan StanleyOverweightMaintained
    Raymond JamesOutperformMaintained
    KeybancOverweightMaintained
    KeybancOverweightMaintained
    Morgan StanleyOverweightMaintained
    Goldman SachsNeutralDowngraded
    Wells FargoEqual-WeightMaintained
    Credit SuisseNeutralMaintained
    Wolfe ResearchPeer PerformDowngraded
    Raymond JamesOutperformUpgraded
    KeybancOverweightMaintained
    Morgan StanleyOverweightMaintained
    KeybancOverweightMaintained
    Deutsche BankHoldMaintained
    Stephens & Co.OverweightMaintained
    Morgan StanleyOverweightMaintained
    Deutsche BankHoldMaintained
    Goldman SachsBuyUpgraded
    Credit SuisseNeutralMaintained
    Morgan StanleyOverweightMaintained
    Credit SuisseNeutralMaintained
    UBSBuyInitiated
    StifelHoldUpgraded
    Goldman SachsNeutralUpgraded
    Morgan StanleyOverweightMaintained
    Evercore ISI GroupOutperformInitiated
    Morgan StanleyOverweightMaintained
    Wells FargoEqual-WeightMaintained
    B of A SecuritiesUnderperformMaintained
    Morgan StanleyOverweightMaintained
    Wells FargoEqual-WeightInitiated
    Morgan StanleyOverweightMaintained
    StifelSellDowngraded
    KeyBancOverweightMaintained
    Deutsche BankHoldMaintained
    Morgan StanleyOverweightMaintained
    KeyBancOverweightMaintained
    Credit SuisseNeutralMaintained
    KeyBancOverweightMaintained
    CitigroupNeutralMaintained
    KeyBancOverweightMaintained
    Morgan StanleyOverweightMaintained
    Deutsche BankHoldMaintained
    Stephens & Co.OverweightMaintained
    KeyBancOverweightMaintained
    Credit SuisseNeutralMaintained
    CitigroupNeutralMaintained
    Morgan StanleyOverweightMaintained
    B of A SecuritiesUnderperformDowngraded
    KeyBancOverweightMaintained
    Morgan StanleyOverweightMaintained
    Morgan StanleyOverweightUpgraded
    StifelHoldUpgraded
    B of A SecuritiesNeutralUpgraded
    Deutsche BankHoldMaintained
    KeyBancOverweightMaintained
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    KeyBancOverweightMaintained
    Goldman SachsSellInitiated
    Bank of AmericaUnderperformReiterated
    Morgan StanleyEqual-WeightMaintained
    Stifel NicolausSellDowngraded
    KeyBancOverweightMaintained
    Bank of AmericaUnderperformDowngraded
    KeyBancOverweightMaintained
    Credit SuisseNeutralMaintained
    Credit SuisseNeutralDowngraded
    Bank of AmericaNeutralMaintained
    CitigroupNeutralMaintained
    Bank of AmericaNeutralDowngraded
    Bank of AmericaBuyUpgraded
    ArgusBuyMaintained
    KeyBancOverweightMaintained
    Credit SuisseOutperformMaintained
    BuckinghamNeutralMaintained
    Deutsche BankHoldUpgraded
    Morgan StanleyEqual-WeightDowngraded
    BuckinghamNeutralMaintained
    Morgan StanleyOverweightMaintained
    Bank of AmericaUnderperformMaintained
    Morgan StanleyOverweightMaintained
    BuckinghamNeutralMaintained
    KeyBancOverweightMaintained
    ArgusBuyInitiated
    Goldman SachsNeutralInitiated
    Bank of AmericaUnderperformMaintained
    Morgan StanleyOverweightMaintained
    BuckinghamNeutralMaintained
    KeyBancOverweightMaintained
    Deutsche BankSellDowngraded
    CitigroupNeutralMaintained
    BuckinghamNeutralMaintained
    Bank of AmericaUnderperformDowngraded
    Morgan StanleyOverweightMaintained
    BuckinghamNeutralInitiated
    Deutsche BankHoldDowngraded
    Morgan StanleyOverweightMaintained
    Bank of AmericaNeutralUpgraded
    KeyBancOverweightMaintained
    Deutsche BankBuyInitiated
    Bank of AmericaUnderperformDowngraded
    Deutsche BankHoldMaintained
    Stifel NicolausHoldDowngraded
    Credit SuisseOutperformMaintained
    Credit SuisseOutperformMaintained
    Deutsche BankHoldMaintained
    RBC CapitalSector PerformDowngraded
    Evercore ISI GroupHoldInitiated
    Bank of AmericaNeutralDowngraded
    CitigroupNeutralDowngraded
    Credit SuisseOutperformMaintained
    Stifel NicolausBuyUpgraded
    Deutsche BankHoldMaintained
    Deutsche BankHoldMaintained
    Deutsche BankHoldMaintained
    CitigroupBuyMaintained
    Deutsche BankHoldMaintained
    Credit SuisseOutperformMaintained
    Longbow ResearchBuyUpgraded
    Credit SuisseOutperformMaintained
    Deutsche BankHoldDowngraded
    Deutsche BankBuyMaintained
    Deutsche BankBuyMaintained
    WunderlichHoldMaintained
    Deutsche BankBuyUpgraded
    Longbow ResearchNeutralDowngraded
    CitigroupBuyMaintained
    WunderlichHoldMaintained
    RBC CapitalOutperformUpgraded
    WunderlichHoldMaintained
    JP MorganOverweightUpgraded
    Deutsche BankHoldMaintained
    CitigroupBuyMaintained
    Credit SuisseOutperformMaintained
    Deutsche BankHoldDowngraded
    Deutsche BankBuyMaintained
    WunderlichHoldInitiated
    Goldman SachsBuyInitiated
    Deutsche BankBuyMaintained
    Deutsche BankBuyMaintained
    Morgan StanleyOverweightMaintained

    Old Dominion Freight Line, Inc. (ODFL) Stock Earning Per Share (EPS) Forecast / Estimate


    $2.214
    The average consensus EPS for ODFL is $2.214 with a high estimate of $2.425 and Low of $2.009 for the period 2022-03-31 and based on 14 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $2.47$2.41932021-09-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$2.29992021-12-31
    $2.47$2.41932021-09-30
    $2.31$2.20142021-06-30
    $1.7$1.60752021-03-31
    $1.61$1.60182020-12-31
    $1.71$1.56012020-09-30
    $1.25$1.09612020-06-30
    $1.17$1.14312020-03-31
    $1.2$1.20582019-12-31
    $1.36667$1.43422019-09-30
    $1.44$1.43762019-06-30
    $1.09333$1.07322019-03-31
    $1.3$1.18722018-12-31
    $1.41333$1.3412018-09-30
    $1.32667$1.24282018-06-30
    $0.8866700000000001$0.88162018-03-31
    $0.79333$0.75952017-12-31
    $0.8266700000000001$0.78692017-09-30
    $0.79333$0.74532017-06-30
    $0.53333$0.53482017-03-31
    $0.55333$0.58422016-12-31
    $0.68667$0.66262016-09-30
    $0.65333$0.6452016-06-30
    $0.48$0.51812016-03-31
    $0.56667$0.57282015-12-31
    $0.66$0.68462015-09-30
    $0.66667$0.66732015-06-30
    $0.48667$0.48262015-03-31
    $0.54$0.49232014-12-31
    $0.6$0.592014-09-30
    $0.57333$0.56072014-06-30
    $0.35333000000000003$0.33562014-03-31
    $0.36667$0.39852013-12-31
    $0.46667$0.46952013-09-30
    $0.45333$0.43632013-06-30
    $0.31333$0.28412013-03-31
    $0.30667$0.3422012-12-31
    $0.39333$0.36972012-09-30
    $0.36889$0.35062012-06-30
    $0.24$0.24852012-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).