SoFi shares rise as record revenue, member growth drive strong Q3 results
Investing.com - Truist Securities has reiterated its Hold rating and $110.00 price target on Expeditors International (NYSE:EXPD) following a fireside chat with the company’s management. According to InvestingPro data, the company currently trades at $120.35, with analysts’ targets ranging from $90 to $128, reflecting mixed market sentiment about the stock’s valuation.
The firm noted that while Expeditors provided helpful perspective on Customs Brokerage and sourcing shifts during the discussion, the commentary remained high level with limited forward visibility.
Expeditors reaffirmed its commitment to organic growth during the meeting and stated that mergers and acquisitions are not part of its current strategic roadmap, according to Truist’s research note.
The incoming CFO David Hackett, who will assume the position in approximately five weeks, identified developing a long-term financial framework as a key priority, including balancing potential margin expansion with market share gains, though no specific timeline or targets were provided.
Truist views Expeditors as a high-quality operator with strong positioning in compliance and regulatory-heavy verticals, but maintained its Hold rating with unchanged estimates while awaiting greater clarity on volume trends, rate normalization, and longer-term profitability levers.
In other recent news, Expeditors International reported second-quarter earnings that surpassed analyst expectations. The company posted earnings per share of $1.34, outperforming the FactSet consensus of $1.25 and Benchmark’s estimate of $1.15. Revenue for the quarter was 12% higher than Benchmark’s projections. Stifel responded to these results by raising its price target for Expeditors International to $118, maintaining a Hold rating. Similarly, TD Cowen increased its price target to $111, citing better-than-expected performance in the ocean and air segments, despite maintaining a Sell rating. However, BofA Securities downgraded the stock from Neutral to Underperform, noting rapidly falling containership rates. BofA slightly increased its price target to $118. These developments highlight mixed analyst perspectives following Expeditors International’s strong quarterly performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.