Truist analyst Lucas Servera has revised the firm's price target for Expeditors International (EXPD, Financial), bringing it down from $110 to $105. The Hold rating on the shares remains unchanged. This adjustment is part of a wider evaluation of the Transportation & Logistics sector.
The altered estimates and price targets reflect a tempered macroeconomic outlook, as the sector has been experiencing what the analyst describes as a "freight recession" for over 30 months. Despite this challenging environment, the industry has not seen significant declines in its tonnage index. The stability is attributed to the sustained growth in U.S. GDP, retail sales, and e-commerce activities through 2024 and into 2025.
Nevertheless, while the demand for goods transportation continues, the pricing dynamics, particularly in the truckload market, have faced intense pressure. This ongoing situation has influenced Truist's revised perspective on Expeditors, resulting in the updated price target.
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 $113.09 with a high estimate of $129.00 and a low estimate of $86.00. The average target implies an upside of 5.61% from the current price of $107.09. 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 $104.03, suggesting a downside of 2.86% from the current price of $107.09. 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.
