Expeditors International of Washington (EXPD) has an average broker rating of 2.71, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 10 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Expeditors International of Washington (EXPD) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $58 and the lowest price target forecast is $42. The average forecast of all the analysts is $50.05 and the expected standard deviation is $5.14.
Company shares have received an average consensus rating of Hold for the current week
Expeditors International of Washington (NASDAQ:EXPD): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $50.04 and $49.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.99, notching a gain of 0.36% for the day. The total traded volume was 1,428,156 . The stock had closed at $49.81 on the previous day.
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.