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Expeditors International of Washington, Inc. (EXPD), headquartered in Seattle, Washington, is a global logistics and freight forwarding company. With a market cap of $17.40 billion, Expeditors plays a critical role in the transportation and supply chain industry, offering a comprehensive range of services, including air and ocean freight, customs brokerage, and distribution management.
Companies valued at $10 billion or more are typically classified as “large-cap” stocks and Expeditors perfectly fits into this category. Expeditors emphasizes long-term partnerships and exceptional service as key pillars of its corporate strategy, facilitating efficient logistics and supply chain management for businesses worldwide.
EXPD shares are trading 6.1% below their 52-week high of $131.17, which they hit on Jan. 25. Also, the stock has declined 2.4% over the past three months, underperforming the Dow Jones Industrial Average Index’s ($DOWI) 7.5% returns over the same time frame.
In the longer term, EXPD is down 3.2% on a YTD basis. However, the shares have gained 7.3% over the past 52 weeks. The Dow has gained 11.6% in 2024 and 22.1% over the past year.
EXPD has been trading above its 200-day and 50-day moving averages since mid-September, which indicates its bullish trend.
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.
Highlighting the contrast in performance, rival C.H. Robinson Worldwide, Inc. (CHRW) has outperformed EXPD, with a 19% gain over the 52 weeks.
Given EXPD's recent underperformance compared to the Dow, analysts are cautious about its prospects. The stock has a consensus rating of "Hold" from 14 analysts in coverage. The mean price target is $116.92, which indicates that the stock trades at a premium.
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.
