BofA has revised its price target for Expeditors (EXPD, Financial), lowering it to $117 from a previous $124 while maintaining a Neutral rating on the stock after the company's first-quarter results. The decision reflects concerns about a significant drop in shipping volumes from China to the United States since March 31, a situation complicated by ongoing uncertainty in ocean freight. BofA also highlighted the possibility that additional tariffs could lead to customers halting or canceling shipments. The firm cautioned investors that, due to these uncertain demand and rate conditions alongside a high valuation, immediate growth prospects might be constrained.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Expeditors International of Washington Inc (EXPD, Financial) is $112.68 with a high estimate of $129.00 and a low estimate of $86.00. The average target implies an upside of 5.64% from the current price of $106.66. More detailed estimate data can be found on the Expeditors International of Washington Inc (EXPD) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Expeditors International of Washington Inc's (EXPD, Financial) average brokerage recommendation is currently 3.5, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Expeditors International of Washington Inc (EXPD, Financial) in one year is $104.20, suggesting a downside of 2.31% from the current price of $106.66. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Expeditors International of Washington Inc (EXPD) Summary page.
