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Expeditors International of Washington, Inc. (EXPD) provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India.
The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.
It acts as a freight consolidator or as an agent for the airline, which carries the shipment.
The company also provides ancillary services that include preparation of shipping and customs documentation, packing, crating, insurance services, negotiation of letters of credit, and the preparation of documentation to comply with local export laws.
Its customers include retailing and wholesaling, electronics, and industrial and manufacturing companies.
Shares have formed a bullish "flag" following the company's earnings report and a hike in its dividend. Expeditors reported better-than-expected first-quarter results. The highlight of the report was a 20% year-over-year increase in revenues. The company announced a 7.1% hike in its semi-annual cash dividend. Higher share prices are expected for this stock.
Entry Point: $72.50
Stop Loss: $68.88
52-Weeks Trading Range: $51.96 - $73.89
Target Price: $79.75
EXPD closed at $67.00
