Expeditors International of Washington (EXPD) Receives Analyst Rating

Expeditors International of Washington (EXPD) : The consensus on Expeditors International of Washington (EXPD) based on 12 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Expeditors International of Washington (EXPD) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $58 and the lowest price target forecast is $43. The average forecast of all the analysts is $50.89 and the expected standard deviation is $4.43.


Also, Stifel Nicolaus downgrades its rating on Expeditors International of Washington (NASDAQ:EXPD). Analysts at the Stifel Nicolaus have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 4, 2016.

Expeditors International of Washington (NASDAQ:EXPD): After opening at $50.16, the stock dipped to an intraday low of $50.075 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $50.49 and the buying power remained strong till the end. The stock closed at $50.42 for the day, a gain of 0.58% for the day session. The total traded volume was 675,180. The stocks close on the previous trading day was $50.13.

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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