Comment / Against the odds: Takeover target Expeditors defies the doom-mongers (again)

Even the fastest horses have their day

Investors in Expeditors International will have done well to ignore broker advice over the past few years.

The US West Coast forwarder – currently trading close to an all-time high of $94 –  has been a “SELL” for most analysts for the past three years, yet its stock rarely dips below the consensus target price ($91.3). Meanwhile, stamping on it a fair value above $70, according to Premium calculations, still requires some creative thinking.

The stock is clearly propped up by broader market strength but it ...