Wall Street Analysts' Target Price for Old Dominion Freight Line Stock: A Comprehensive Guide

Old Dominion Freight Line, a North American less-than-truckload motor carrier, has underperformed the broader market with a 24.8% drop over the past 52 weeks. The company's Q2 results showed a 9.3% decrease in LTL tons per day and a 6.1% year-over-year drop in total revenues to $1.4 billion. Analysts expect a 10% year-over-year drop in adjusted EPS for fiscal 2025 to $4.93. The stock has a consensus "Hold" rating with 23 analysts covering it, including seven "Strong Buys," one "Moderate Buy," 12 "Holds," and three "Strong Sells."

Old Dominion Freight Line, a leading North American less-than-truckload motor carrier, has experienced a challenging quarter, with a 6.1% year-over-year drop in total revenues to $1.4 billion. The company's Q2 2025 results also showed a 9.3% decrease in LTL tons per day, contributing to a 24.8% drop in the stock price over the past 52 weeks [2]. Analysts expect a 10% year-over-year drop in adjusted EPS for fiscal 2025 to $4.93, with a consensus "Hold" rating among the 23 analysts covering the stock [1].

The company's Q2 performance was impacted by a persistent downturn in domestic shipping activity, resulting in a 6.1% year-over-year decline in revenues and a 1.2% miss on non-GAAP profit per share [2]. Despite these challenges, management remains focused on maintaining service quality and disciplined pricing to offset cost pressures. The company's CEO, Marty Freeman, highlighted that the team is prioritizing service quality and efficiency to navigate the current economic environment [2].

Looking ahead, Old Dominion's outlook is shaped by its expectation that freight volumes will remain subdued until there is a broader economic recovery. The company's CFO, Adam Satterfield, cautioned that operating costs, including salaries and benefits, are likely to rise in the coming quarter, with limited near-term relief unless demand conditions improve [2]. Management believes that ongoing investments in network capacity and technology will position the company to benefit from any eventual rebound in volumes.

Institutional investors have also shown interest in Old Dominion Freight Line. JPMorgan Chase & Co. boosted its holdings by 45.1% in the first quarter, while other institutional investors, such as Vanguard Group Inc., Capital World Investors, Northern Trust Corp, First Trust Advisors LP, and T. Rowe Price Investment Management Inc., have also increased their stakes in the company [1]. This indicates continued confidence in the company's long-term prospects despite the current challenges.

In summary, Old Dominion Freight Line's Q2 2025 results were impacted by weak shipping volumes and increased costs, leading to a 6.1% year-over-year decline in revenues. Analysts maintain a "Hold" rating on the stock, with a 10% year-over-year drop in adjusted EPS expected for fiscal 2025. Management remains focused on maintaining service quality and efficiency, with ongoing investments in network capacity and technology positioning the company for future growth.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-jpmorgan-chase-co-has-402-million-holdings-in-old-dominion-freight-line-inc-nasdaqodfl-2025-08-12/
[2] https://finance.yahoo.com/news/odfl-q2-deep-dive-volume-045145666.html