What Are Wall Street Analysts' Target Price for Old Dominion Freight Line Stock?
The company has significantly underperformed the broader market over the past year. ODFL stock has plunged 24.8% over the past 52 weeks and 14.7% on a YTD basis, compared to the S&P 500 Index's ($SPX) 16.1% gains over the past year and 9.7% returns in 2025.
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Narrowing the focus, ODFL has also underperformed the industry-focused iShares Transportation Average ETF's (IYT) 8% gains over the past year and 4.7% uptick on a YTD basis.
Old Dominion's stock prices plunged nearly 9.7% in a single trading session following the release of its lackluster Q2 results on Jul. 30. Due to continued macroeconomic headwinds and softness in the broader economy, the company's LTL tons per day decreased by 9.3% during the quarter. This resulted in a 6.1% year-over-year drop in total revenues to $1.4 billion, missing the consensus estimates by 55 bps. Further, the drop in revenues led to deleveraging effects on margins. ODFL's EPS for the quarter plunged 14.2% year-over-year to $1.27, missing the consensus estimates by 1.6%.
For the full fiscal 2025, ending in December, analysts expect Old Dominion to report an adjusted EPS of $4.93, down 10% year-over-year. The company has a mixed earnings surprise history. While it matched or surpassed the Street's bottom-line estimates thrice over the past four quarters, it missed the projections on one other occasion.
The stock has a consensus 'Hold' rating overall. Of the 23 analysts covering the stock, opinions include seven 'Strong Buys,' one 'Moderate Buy,' 12 'Holds,' and three 'Strong Sells.'
This configuration is more pessimistic than a month ago, when only two analysts gave 'Strong Sell' recommendations.
On Aug. 4, Baird analyst Daniel Moore reiterated a 'Neutral' rating on ODFL and lowered the price target from $164 to $148.
As of writing, ODFL's mean price target of $159.64 represents a modest 6.1% premium to current price levels. Meanwhile, the street-high target of $195 suggests a notable 29.6% upside potential.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
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