Expeditors International of Washington (NASDAQ:EXPD) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.71 by 14 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 10 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Barclays, upgrades their rating on the shares of Expeditors International of Washington (NASDAQ:EXPD). Barclays has a Overweight rating on the shares. Previously, the analysts had a Equal-weight rating on the shares. As per the latest research report, the brokerage house raises the price target to $58 per share from a prior target of $51. The rating by the firm was issued on April 15, 2016.
Expeditors International of Washington (NASDAQ:EXPD): The stock price is expected to reach $ 49.96 in the short term. The number of analysts agreeing with this consensus is 11. The higher estimate for the short term price target is at $58 while the lower estimate is at $42. The standard deviation of the price stands at $5.19.
Expeditors International of Washington (NASDAQ:EXPD) witnessed a decline in the market cap on Tuesday as its shares dropped 0.21% or 0.1 points. After the session commenced at $48.73, the stock reached the higher end at $48.75 while it hit a low of $48.28. With the volume soaring to 1,763,863 shares, the last trade was called at $48.57. The company has a 52-week high of $51.8. The company has a market cap of $8,843 million and there are 182,059,030 shares in outstanding. The 52-week low of the share price is $40.41.
Shares of Expeditors International of Washington Inc. rose by 0.64% in the last five trading days and 1.12% for the last 4 weeks. Expeditors International of Washington Inc. is up 1.22% in the last 3-month period. Year-to-Date the stock performance stands at 8.58%.
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.