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With a market cap of $16.94 billion, Expeditors International of Washington, Inc. (EXPD) is a global logistics company headquartered in Seattle, Washington. Specializing in providing integrated logistics services, Expeditors offers a range of solutions, including air and ocean freight forwarding, customs brokerage, and supply chain management.
EXPD has significantly underperformed the broader market over the last year. The stock has gained 6.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27.8%. In 2024, the stock has declined 3.9%, compared to SPX's 17.8% gains on a YTD basis.
Narrowing the focus, EXPD also underperformed the Industrial Select Sector SPDR Fund (XLI). The exchange-traded fund has gained 12.4% on a YTD basis.
On Aug. 6, Expeditors saw its shares decline by over 4% after reporting Q2 operating income of $223.9 million, which fell short of the consensus estimate of $231.2 million.
For the current fiscal year, ending in December, analysts expect EXPD’s EPS to decline marginally to $4.98 on a diluted basis. The company's earnings surprise history is mixed. It beat or matched the consensus estimate in two of the last four quarters while missing on two other occasions.
Among the 14 analysts covering EXPD stock, the consensus rating is a “Hold,” slightly more bullish than “Moderate Sell” three months ago. That’s based on 10 “Hold” ratings and four “Strong Sells.”
On Aug. 6, Robert W. Baird analyst Garrett Holland maintained a “Hold” rating on Expeditors International, with a price target of $126, which indicates a 3.1% upside from the current levels.
The mean price target is $115.38, which indicates that the stock trades at a premium. The Street-high price target of $137 suggests an upside potential of 12%.
On the date of publication, Rashmi Kumari 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. For more information please view the Barchart Disclosure Policy here.
