Barclays Upgrades Expeditors International of Washington to Overweight with Price Target $58.00

Brokerage firm Barclays Upgrades its rating on Expeditors International of Washington(NASDAQ:EXPD). In a research note issued to the investors, the brokerage major Raises the price-target to $58.00 per share. The shares have been rated Overweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Barclays was issued on Apr 14, 2016.

In a different note, On Apr 4, 2016, Stephens & Co. said it Downgrades its rating on Expeditors International of Washington. The shares have been rated ‘Equal-weight’ by the firm. Cowen & Company said it Initiates Coverage on Expeditors International of Washington, according to a research note issued on Mar 18, 2016. The shares have been rated ‘Market Perform’ by the firm. On Feb 24, 2016, Credit Suisse said it Maintains its rating on Expeditors International of Washington. In the research note, the firm Lowers the price-target to $43.00 per share. The shares have been rated ‘Underperform’ by the firm.

Expeditors International of Washington (EXPD) shares turned negative on Mondays trading session with the shares closing down -0.04 points or -0.08% at a volume of 8,18,552. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $49.42. The peak price level was also seen at $49.42 while the days lowest was $48.85. Finally the shares closed at $49.2. The 52-week high of the shares is $51.8 while the 52-week low is $40.41. According to the latest information available, the market cap of the company is $8,959 M.

Expeditors International of Washington(EXPD) last announced its earnings results on Feb 23, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $1.60B. Analysts had an estimated revenue of $1.70B. Earnings per share were $0.61. Analysts had estimated an EPS of $0.60.

Several Insider Transactions has been reported to the SEC. On Mar 10, 2016, Jeffrey S Musser (President and CEO) sold 9,460 shares at $47.42 per share price.Also, On Mar 9, 2016, Philip M Coughlin (President Global Geographies) sold 9,513 shares at $47.25 per share price.On Mar 8, 2016, Daniel R Wall (President, Global Products) sold 8,000 shares at $47.17 per share price, according to the Form-4 filing with the securities and exchange commission.

Expeditors International of Washington Inc. is engaged in the business of providing global logistics services. The Company’s services include air and ocean freight transportation and customs brokerage. The Company also provides additional services including order management time-definite transportation warehousing and distribution cargo insurance and logistics solutions. The Company operates in Americas including the United States Other North America and Latin America; Asia Pacific; Europe and Middle East Africa and India. The Company provides airfreight services and acts either as a freight consolidator or as an agent for the airline which carries the shipment. The Company operates Expeditors International Ocean Inc. (EIO) an Ocean Transportation Intermediary also known as Non-Vessel Operating Common Carrier (NVOCC) which specializes in ocean freight services in trade lanes across the world.

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