Expeditors International of Washington (EXPD) : Analyst Rating Update

Expeditors International of Washington (EXPD) has an average broker rating of 2.71, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 10 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Expeditors International of Washington (EXPD) : 11 Wall Street analysts covering Expeditors International of Washington (EXPD) believe that the average level the stock could reach for the short term is $49.96. The maximum price target given is $58 and the minimum target for short term is around $42, hence the standard deviation is calculated at $5.19.

Expeditors International of Washington (NASDAQ:EXPD): The stock opened at $49.05 on Wednesday but the bulls could not build on the opening and the stock topped out at $49.28 for the day. The stock traded down to $48.41 during the day, due to lack of any buying support eventually closed down at $48.97 with a loss of -0.65% for the day. The stock had closed at $49.29 on the previous day. The total traded volume was 1,046,997 shares.

Also, Brokerage firm Barclays upgrades its rating on Expeditors International of Washington (NASDAQ:EXPD). As per the latest information, the brokerage house raises the price target to $58 per share from a prior target of $51. The shares have been rated Overweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by the firm was issued on April 15, 2016. The company shares have rallied 10.91% from its 1 Year high price. On Oct 26, 2015, the shares registered one year high at $51.80 and the one year low was seen on Jan 15, 2016. The 50-Day Moving Average price is $48.63 and the 200 Day Moving Average price is recorded at $47.16.

Expeditors International of Washington, Inc. is engaged in the business of providing global logistics services. The Companys 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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