Research Alert: CFRA Keeps Hold Opinion On Shares Of Expeditors International Of Washington
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $19 to $165, valuing EXPD shares at 24x our 2027 EPS estimate of $6.85 (up by $0.31) and at 25x our 2026 EPS estimate of $6.65 (up by $0.54). Our target multiples compare to EXPD's one-year average forward multiple of 24x. EXPD delivered strong Q1 results, with EPS of $1.71 vs. $1.47 in the prior year, beating our $1.37 estimate and the $1.33 consensus forecast. Revenue rose 4% to $2.7B from $2.67B, exceeding our $2.59B forecast as Airfreight and Customs strength offset Ocean weakness. Segment performance was mixed, with Airfreight revenue surging 14% to $1.03B on favorable pricing, while Ocean revenue plummeted 23% to $599M due to capacity oversupply pressuring both pricing and volumes. Management expects global capacity oversupply to persist in the near term despite maintaining Ocean profitability. Customs/Other revenue jumped 17% to $1.15B, with double-digit growth across all products, led by hyperscaler and high-value technology customer demand plus tariff complexity.
