Last Updated: 07 Nov 2024
Executive Summary
Expeditors International of Washington, Inc. (EXPD) is a leading global logistics and freight forwarding company. The company has a strong track record of financial performance, with consistent revenue and earnings growth. EXPD is currently trading at $119.41, below its 52-week high of $131.59. The company has a market capitalization of $17.22 billion and is expected to continue to grow in the future.
Company Overview
Expeditors is headquartered in Seattle, Washington and has a global network of offices and agents. The company provides a wide range of logistics services, including air and ocean freight forwarding, customs brokerage, and warehousing. EXPD also offers specialized services such as project logistics and temperature-controlled shipping.
Fundamental Analysis
EXPD has a strong financial profile. The company has a healthy balance sheet with low debt levels and a strong cash position. EXPD also has a track record of profitability, with consistent operating margins and net income growth.
The company's revenue is expected to continue to grow in the future. EXPD is benefiting from the growth of global trade and the increasing demand for logistics services. The company is also expanding its service offerings and geographic reach, which should drive future growth.
Technical Analysis
EXPD's stock price has been in a downtrend since its 52-week high in April 2023. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, indicating that the stock is oversold.
The technical analysis suggests that EXPD's stock price could continue to decline in the short term. However, the stock is trading at a discount to its fair value and could be a good value for long-term investors.
Short Term Outlook
EXPD's stock price is likely to continue to decline in the short term. The stock is trading below its moving averages and the RSI is oversold. However, the company has a strong financial profile and is expected to continue to grow in the future. Investors may want to consider buying EXPD's stock at current levels for the long term.
Long Term Outlook
EXPD's stock price is expected to increase in the long term. The company has a strong financial profile and is expected to continue to grow in the future. The company is also expanding its service offerings and geographic reach, which should drive future growth. Investors may want to consider buying EXPD's stock at current levels for the long term.
Analyst Recommendations
Analysts have a mixed view on EXPD's stock. Twelve analysts have a hold rating on the stock, five analysts have a sell rating, and no analysts have a strong buy or buy rating. The average analyst price target is $116.29.
