Expeditors International of Washington (NASDAQ:EXPD): The mean estimate for the short term price target for Expeditors International of Washington (NASDAQ:EXPD) stands at $49.96 according to 11 Analysts. The higher price target estimate for the stock has been calculated at $58 while the lower price target estimate is at $42.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Barclays upgrades the rating on Expeditors International of Washington (NASDAQ:EXPD). The brokerage firm has issued a Overweight rating on the shares. The shares were previously rated Equal-weight. The Analysts at the ratings agency raises the price target from $51 per share to $58 per share. The rating by the firm was issued on April 15, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities, The officer (Executive VP Global Services), of Expeditors International Of Washington Inc, Alger Eugene K had unloaded 12,460 shares at $48.5 per share in a transaction on June 1, 2016. The total value of transaction was $604,310. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Expeditors International of Washington (NASDAQ:EXPD) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.54 points or 1.1% at $48.72 with 963,015 shares getting traded. Post opening the session at $49.24, the shares hit an intraday low of $48.69 and an intraday high of $49.27 and the price was in this range throughout the day. The company has a market cap of $8,870 million and the number of outstanding shares have been calculated to be 182,059,030 shares. The 52-week high of Expeditors International of Washington (NASDAQ:EXPD) is $51.8 and the 52-week low is $40.41.
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.