Expeditors Intl of Wash.

Shares of Expeditors International climbed to a record high of $190.08 and are just 1% below the 52-week high; market capitalization is $24.6 billion and the P/E ratio is 27.56. The stock rose 57% over the past year; in the second quarter the company reported earnings per share of $2.03 versus consensus $1.69. UBS raised its price target to $210 (Buy), Bank of America to $189 and Stifel to $158; reasons cited include strong revenue growth, a technological restructuring with job cuts in Seattle and the expansion of AOG logistics services. » More on de.investing.com

Expeditors has expanded its AOG (Aircraft on Ground) capabilities and now offers around-the-clock staffed support centers, specialized in-house teams and access to a global network of more than 300 locations. The service includes real-time shipment tracking, tailored onboarding processes, flexible transport options such as next-flight-out, hand-carry and charter, as well as end-to-end customs advisory. The offering is aimed at airlines, manufacturers, MROs, suppliers, defense and advanced air mobility customers and is intended to minimize downtime and strengthen the company’s critical-logistics strategy. » More on de.investing.com

Expeditors shares reached an all-time high of $182.68, slightly surpassing their 52-week high. The logistics company has gained 62.78% year-to-date and has a market capitalization of around $23.7 billion. InvestingPro, however, rates the stock as relatively overvalued. Several analysts raised targets and estimates: UBS set a $191 target and revised its Q2 earnings forecast to $1.86 per share; Stifel increased its target to $158. Expeditors reported only minimal direct impact from the Middle East conflict and adjusted routes and ocean freight pricing to offset higher fuel costs. » More on de.investing.com