Analyst Rating Update on Expeditors International of Washington (EXPD)

Expeditors International of Washington (NASDAQ:EXPD) : 3 brokerage houses believe that Expeditors International of Washington (NASDAQ:EXPD) is a Strong Buy at current levels. 10 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Expeditors International of Washington (NASDAQ:EXPD). Zacks Investment Research suggests a Hold with a rank of 3. 1 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 14 Wall Street Analysts endorse the stock as a Hold with a rating of 2.71.

Expeditors International of Washington (NASDAQ:EXPD) stock is expected to deviate a maximum of $5.19 from the average target price of $49.96 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $58 and the most muted being $42.

Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Barclays upgrades its ratings on Expeditors International of Washington (NASDAQ:EXPD). In the latest research report, Barclays raises the target price from $51 per share to $58 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. Previously, the analysts had a Equal-weight rating on the shares. The rating by the firm was issued on April 15, 2016.

Expeditors International of Washington (NASDAQ:EXPD): stock turned positive on Tuesday. Though the stock opened at $47.27, the bulls momentum made the stock top out at $47.675 level for the day. The stock recorded a low of $46.83 and closed the trading day at $47.6, in the green by 1.13%. The total traded volume for the day was 1,506,240. The stock had closed at $47.07 in the previous days trading.

In an insider trading activity, Alger Eugene K, officer (Executive VP Global Services) of Expeditors International Of Washington Inc, unloaded 12,460 shares at an average price of $48.5 on June 1, 2016. The total amount of the transaction was worth $604,310, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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