Brokerage Firm Rating Update on Expeditors International of Washington (EXPD)

Expeditors International of Washington (EXPD) : 2 brokerage houses believe that Expeditors International of Washington (EXPD) is a Strong Buy at current levels. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Expeditors International of Washington (EXPD). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 12 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

Expeditors International of Washington (EXPD) : The consensus price target for Expeditors International of Washington (EXPD) is $50.5 for the short term with a standard deviation of $4.57. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $58, however, the pessimist price target for the company is $43.


Company shares have received an average consensus rating of Hold for the current week Also, Stifel Nicolaus downgrades their rating on the shares of Expeditors International of Washington (NASDAQ:EXPD). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 4, 2016.

Expeditors International of Washington (NASDAQ:EXPD): stock was range-bound between the intraday low of $51.42 and the intraday high of $51.9 after having opened at $51.5 on Wednesdays session. The stock finally closed in the red at $51.5, a loss of -0.29%. The stock remained in the red for the whole trading day. The total traded volume was 943,134 shares. The stock failed to cross $51.9 in Wednesdays trading. The stocks closing price on Thursday was $51.74.

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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