UBS Maintains a 'Buy' on Expeditors Int'l (EXPD); Cutting Estimates After Q1 Profit Warning
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Price: $186.12 -0.5%
Rating Summary:
8 Buy, 18 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 18 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on Expeditors Int'l (NASDAQ: EXPD) price target lowered from $56 to $51.
Analyst, Elizabeth Mielke, said, "We reduce our FY12 EPS estimate from $1.94 to $1.80 and FY13E from $2.24 to $2.15. We expect share weakness on the back of this warning, as it exacerbates developing fears that Expeditors has become a broken growth story and no longer deserves such a large valuation premium to the market and other transports. While the next couple quarters will likely be very challenging, we expect double-digit EPS growth to resume in Q4. We think the stock will ultimately work over a 12-month horizon, but patience will be required from investors in the near term."
For an analyst ratings summary and ratings history on Expeditors Int'l click here. For more ratings news on Expeditors Int'l click here.
Shares of Expeditors Int'l closed at $45.74 yesterday.
Analyst, Elizabeth Mielke, said, "We reduce our FY12 EPS estimate from $1.94 to $1.80 and FY13E from $2.24 to $2.15. We expect share weakness on the back of this warning, as it exacerbates developing fears that Expeditors has become a broken growth story and no longer deserves such a large valuation premium to the market and other transports. While the next couple quarters will likely be very challenging, we expect double-digit EPS growth to resume in Q4. We think the stock will ultimately work over a 12-month horizon, but patience will be required from investors in the near term."
For an analyst ratings summary and ratings history on Expeditors Int'l click here. For more ratings news on Expeditors Int'l click here.
Shares of Expeditors Int'l closed at $45.74 yesterday.
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