Expeditors International of Washington Price Target Increased to $80.00 by Analysts at Credit Suisse (EXPD)
Equities research analysts at Credit Suisse hoisted their price objective on shares of Expeditors International of Washington (NASDAQ:EXPD) from $44.00 to $80.00 in a research note issued to investors on Wednesday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Credit Suisse’s price objective would suggest a potential upside of 104.81% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Telsey Advisory Group cut their price target on shares of Expeditors International of Washington from $49.00 to $46.00 in a research note on Tuesday. They now have a “not rated” rating on the stock. Separately, analysts at RBC Capital upgraded shares of Expeditors International of Washington from an “underperform” rating to an “outperform” rating in a research note on Monday. They now have a $50.00 price target on the stock, up previously from $40.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Expeditors International of Washington in a research note on Friday, January 10th. They now have a $45.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Expeditors International of Washington currently has a consensus rating of “Buy” and a consensus target price of $46.15.
Shares of Expeditors International of Washington (NASDAQ:EXPD) traded up 0.19% on Wednesday, hitting $39.135. The stock had a trading volume of 1,848,237 shares. Expeditors International of Washington has a 1-year low of $34.83 and a 1-year high of $46.90. The stock has a 50-day moving average of $42.04 and a 200-day moving average of $42.95. The company has a market cap of $8.045 billion and a price-to-earnings ratio of 23.25.
Expeditors International of Washington (NASDAQ:EXPD) last released its earnings data on Tuesday, February 25th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.47 by $0.06. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.58 billion. Analysts expect that Expeditors International of Washington will post $1.97 EPS for the current fiscal year.
Expeditors International of Washington, Inc is engaged in the business of providing global logistics services.
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