Old Dominion Freight Line Inc (ODFL) is a leading less-than-truckload motor carrier providing regional, inter-regional, and national freight transportation services across the United States and North America. Operating in the transportation and logistics sector, the company has demonstrated exceptional profitability with a 19.42% profit margin and a strong return on equity of 26.25%. This comprehensive analysis provides a detailed, fact-based examination of Old Dominion Freight Line’s financial position, ownership structure, and realistic share price projections through 2030 based on current market data and publicly available financial metrics as of February 2026.
Major Clients/Markets: Businesses across manufacturing, retail, wholesale, and distribution sectors throughout the United States and North America
Competitive Edge: Union-free organization providing operational flexibility, extensive service network with owned equipment fleet, strong customer relationships, and industry-leading service quality metrics
Ownership Structure: Publicly held corporation with a professional management team and a strong institutional ownership base
Old Dominion Freight Line Inc: Key Financial Snapshot
Metric
Value (as of February 2026)
Market Cap
$29.55 Billion
Current Share Price
$141.36
P/E Ratio (TTM)
27.46
P/B Ratio
6.98
Book Value per Share (MRQ)
$20.23
EPS (TTM)
$5.13
ROE
26.25%
Dividend Yield
0.77%
Total Cash (MRQ)
$24.06 Million
Total Debt/Equity (MRQ)
4.02%
Old Dominion Freight Line Inc Share Price Target Forecast (2026–2030)
Year
Low Target
Base Target
High Target
2026
$148
$165
$185
2027
$160
$180
$205
2028
$175
$200
$230
2029
$190
$220
$255
2030
$205
$240
$280
2035
$280
$330
$390
2040
$370
$450
$540
2050
$520
$650
$800
Year-on-Year Forecast
Old Dominion Freight Line Inc Share Price Target 2026
Share Price Target 1
Share Price Target 2
$148
$185
Current analyst consensus 1-year target of $160.05 provides baseline for near-term expectations, representing approximately 13% upside from current levels
Strong demand for less-than-truckload services is driven by e-commerce growth and supply chain optimization trends
Potential headwinds from economic uncertainty and freight rate competition may limit near-term upside despite strong fundamentals
Old Dominion Freight Line Inc Share Price Target 2027
Share Price Target 1
Share Price Target 2
$160
$205
Expected acceleration in e-commerce logistics demand is driving increased volume growth beyond current core markets
Continued expansion of expedited transportation and supply chain consulting services, providing new revenue streams
Potential for improved operational efficiency and margin expansion as the service network scales nationally
Old Dominion Freight Line Inc Share Price Target 2028
Share Price Target 1
Share Price Target 2
$175
$230
Full realization of strategic initiatives in next-generation logistics technology and service offerings supporting long-term growth
Geographic expansion into underpenetrated markets, providing incremental revenue growth beyond current mature markets
Potential for strategic acquisitions or partnerships to enhance service capabilities and market reach
Old Dominion Freight Line Inc Share Price Target 2029
Share Price Target 1
Share Price Target 2
$190
$255
Established market leadership position in less-than-truckload freight services with significant competitive moat and pricing power
Continued strong cash generation with predictable recurring revenue from established customer relationships
Potential for increased dividend payouts or share repurchase activity as growth moderates and cash position strengthens
Old Dominion Freight Line Inc Share Price Target 2030
Share Price Target 1
Share Price Target 2
$205
$280
Mature business model with diversified revenue streams across regional, inter-regional, and national LTL segments
Potential for improved profitability metrics as the company optimizes its service network and operational efficiency
Continued innovation in logistics technology and customer service, maintaining a competitive advantage in the evolving transportation landscape
Old Dominion Freight Line Inc Share Price Target 2035
Share Price Target 1
Share Price Target 2
$280
$390
Long-term growth driven by expanding e-commerce adoption and supply chain complexity trends
Strategic positioning in next-generation logistics solutions, providing a multi-decade growth runway
Potential for dividend growth and increased shareholder returns as capital expenditure requirements moderate
Old Dominion Freight Line Inc Share Price Target 2040
Share Price Target 1
Share Price Target 2
$370
$540
Established national infrastructure supporting steady cash flow generation across economic cycles
Potential market leadership in sustainable logistics and next-generation transportation solutions
Continued dividend growth and capital return programs benefit long-term shareholders
Old Dominion Freight Line Inc Share Price Target 2050
Share Price Target 1
Share Price Target 2
$520
$800
Multi-decade compound growth from global supply chain expansion and changing logistics patterns
Potential for significant market share gains in emerging applications and geographic regions
Long-term value creation through service portfolio expansion and technological innovation
Old Dominion Freight Line Inc: Shareholding Pattern
Category
Percentage Holding
Institutional Investors
89.45%
Insiders
1.25%
Retail/Public
9.30%
Old Dominion Freight Line Inc: Top 10 Institutional Holders
Institutional Holder
Percentage Holding
The Vanguard Group, Inc.
9.87%
BlackRock, Inc.
8.65%
FMR LLC
7.42%
Capital Research and Management Company
6.98%
State Street Global Advisors
4.56%
Baillie Gifford & Co
3.89%
Norges Bank Investment Management
2.74%
Wellington Management Group LLP
2.45%
Northern Trust Corp
1.98%
Bank of America Corporation
1.76%
Old Dominion Freight Line Inc: Strengths vs Risks
Strengths:
Exceptional profitability metrics with 19.42% profit margin and 26.25% return on equity, demonstrating highly effective capital utilization
Extremely low debt-to-equity ratio of 4.02%, providing substantial financial flexibility for strategic initiatives
Strong cash generation of $555.06 million in levered free cash flow, supporting operational flexibility
Union-free organization providing operational flexibility and cost advantages compared to unionized competitors
Established market leadership in less-than-truckload freight services with an extensive service network
Risks:
Elevated valuation metrics with a P/E ratio of 27.46 and a P/B ratio of 6.98, making the stock vulnerable to market sentiment shifts
Exposure to economic cycles affecting freight demand and shipping volumes
Intense competition from established LTL carriers and emerging logistics technology companies
Dependence on fuel prices and regulatory changes affecting transportation costs
Labor market pressures and driver shortage challenges are affecting operational capacity
Investment Suitability
Factor
Assessment
Risk Profile
Moderate
Time Horizon
Long-term (5+ years)
Volatility
Moderate (Beta 1.19)
Dividend/Income
Yes (0.77% yield)
Ideal Investor
Growth-oriented investors with moderate risk tolerance seeking exposure to transportation and logistics trends
FAQs
The realistic share price target range for Old Dominion Freight Line in 2026 is between $148 and $185, with current analyst consensus around $160.05 for the next 12 months.
The projected share price target range for Old Dominion Freight Line in 2030 is between $205 and $280, assuming continued strong execution in LTL freight services and logistics markets.
Long-term projections beyond 2030 become increasingly speculative due to unpredictable economic cycles, technological changes, and regulatory environments. The ranges provided represent potential scenarios based on historical growth trends but should be viewed with appropriate caution.
Old Dominion Freight Line is a publicly traded company with approximately 89.45% institutional ownership, insider holdings of 1.25%, and the remaining 9.30% held by retail investors.
Yes, Old Dominion Freight Line pays dividends with a current yield of 0.77% and an annual dividend of $1.12 per share, providing modest income for shareholders.
Recent share price fluctuations may be attributed to market-wide transportation sector volatility, concerns about economic growth affecting freight demand, or profit-taking after reaching near 52-week highs of $233.26.
Old Dominion Freight Line is not debt-free but maintains an extremely low debt-to-equity ratio of 4.02%, which is exceptionally low for a transportation company, supported by strong cash generation and conservative financial management.
Final Verdict
Old Dominion Freight Line presents a compelling growth investment opportunity with exceptional profitability metrics, strong market leadership in less-than-truckload freight services, and a robust financial position. The company’s 19.42% profit margin and 26.25% return on equity demonstrate highly effective capital utilization and business model strength. However, investors must carefully consider the elevated valuation metrics, exposure to economic cycles, and competitive pressures in the rapidly evolving transportation landscape. The stock may appeal to long-term investors seeking exposure to logistics and supply chain trends, though those with lower risk tolerance should exercise caution given the current valuation levels and cyclical nature of the transportation industry.
Hi, I’m Raj Mittal, a stock market content writer focused on company analysis, share price trends, and fundamental research. I create simple, research-based insights to help investors make smarter market decisions.
