Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.


home / news releases / expeditors international economics support long term

EXPD - Expeditors International: Economics Support Long-Term Buy

Expeditors International of Washington Inc.

2024-06-22 02:03:40 ET

Summary

  • Global freight rates remain volatile and are surging towards 2022 highs, positioning those in the logistics industry well for repricing.
  • Expeditors International of Washington, Inc. operates an asset-light model in the logistics industry with several competitive advantages.
  • Despite challenges in Q1 FY 2024, EXPD has attractive economics and the potential to trade to $158 per share using conservative estimates.

Investment Thesis

Global freight rates continue to incur volatility and have stretched back towards 2022 highs. The containerized freight index shown in Figure 1, has lifted to 3,379 points from a range of 1,000 leading into the year....

For further details see:

Expeditors International: Economics Support Long-Term Buy
Stock Information
Company Name: Expeditors International of Washington Inc.
Stock Symbol: EXPD
Market: NASDAQ
Website: expeditors.com
Menu
EXPD EXPD Quote EXPD Short EXPD News EXPD Articles EXPD Message Board
Get EXPD Alerts

News, Short Squeeze, Breakout and More Instantly...