Expeditors International of Washington (EXPD), the global logistics company, continues to draw varying market sentiments. Coupled with forecasted profits,
BNP Paribas has upgraded its rating of EXPD to 'Neutral'. Additionally, EXPD's revenue performance has been explored, surpassing various expectations. A significant volume of shares is being sold by people from within the company and large financial establishments, leading to some market concerns. The company has seen an increased forecasted price target by
TD Cowen and
Susquehanna, and its EPS beats predictions for Q1 2024. EXPD's up 1.4% in stock performance post earnings report but has declined Q4 earnings amidst market uncertainties.
Airfreight revenues greatly supporting EXPD; however, decreased volumes present challenges. There's a belief EXPD's intrinsic value might be 24% below its present share price. The first quarter results proffered a beneficial situation for EXPD with earnings and revenues beating expectations despite Q1 revenue drop and operational challenges. Yet, shares are down 5.35% recently which might present as a 'buy the dip' circumstance for some investors.
Expeditors International of Washington EXPD News Analytics from Tue, 28 Jan 2020 19:06:48 GMT to Thu, 16 May 2024 08:28:56 GMT -
Rating 3
- Innovation -1
- Information 8
- Rumor -5
