Analyst Jason Seidl of TD Cowen reiterated a Sell rating on Expeditors International (EXPD – Research Report), with a price target of $117.00.
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Jason Seidl has given his Sell rating due to a combination of factors impacting Expeditors International’s performance. Although the company’s fourth-quarter earnings per share exceeded expectations due to global disruptions, there are concerns about future uncertainties. The ongoing tariff issues, the potential elimination of the de minimis rule, and disruptions in the Red Sea continue to create uncertainty for shippers, which could affect the company’s value proposition.
Furthermore, while the company experienced significant growth in airfreight revenues and ocean business due to tight capacity and e-commerce demand, these conditions may not persist. The airfreight sector is expected to face tougher comparisons in the coming year, and any changes in the de minimis rule could pose additional risks. The ocean rates are anticipated to normalize, which may lead to a reduction in volumes. These potential challenges contribute to the cautious outlook and the Sell rating.
Based on the recent corporate insider activity of 50 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.