In a report released today, Jason Seidl from TD Cowen reiterated a Sell rating on Expeditors International, with a price target of $111.00.
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Jason Seidl has given his Sell rating due to a combination of factors impacting Expeditors International. Despite the company’s second-quarter performance exceeding expectations, with a notable EPS of $1.35 against a forecast of $1.30, and strong top-line growth, there are concerns about the sustainability of this momentum. The temporary boost from tariff pauses is expected to diminish, leading to uncertain peak season prospects, particularly with anticipated double-digit declines at the Port of Los Angeles.
Furthermore, while airfreight and ocean volumes showed robust year-over-year growth, the outlook remains uncertain with potential rate environment loosening and softened ocean rates. The mixed signals from trade-exposed peers and the possibility of inventory buildups due to tariff pauses contribute to a cautious stance on the near-term market conditions. Consequently, despite raising the price target to $111, the Sell rating is reiterated due to these underlying uncertainties.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EXPD in relation to earlier this year.