Expeditors International of Washington Stock Rating Reaffirmed by Credit Suisse (EXPD)
Expeditors International of Washington (NASDAQ:EXPD)‘s stock had its “outperform” rating restated by investment analysts at Credit Suisse in a note issued to investors on Thursday, Analyst Ratings Net reports. They currently have a $45.00 price target on the stock, up from their previous price target of $44.00. Credit Suisse’s price objective points to a potential upside of 3.64% from the stock’s previous close.
Shares of Expeditors International of Washington (NASDAQ:EXPD) traded up 4.53% during mid-day trading on Thursday, hitting $43.42. 3,389,667 shares of the company’s stock traded hands. Expeditors International of Washington has a 52 week low of $36.45 and a 52 week high of $46.90. The stock has a 50-day moving average of $39.87 and a 200-day moving average of $41.85. The company has a market cap of $8.799 billion and a price-to-earnings ratio of 24.73.
Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts expect that Expeditors International of Washington will post $1.88 EPS for the current fiscal year.
A number of other firms have also recently commented on EXPD. Analysts at Zacks reiterated a “neutral” rating on shares of Expeditors International of Washington in a research note on Tuesday, April 29th. They now have a $43.00 price target on the stock. Separately, analysts at FBR Capital Markets downgraded shares of Expeditors International of Washington from an “outperform” rating to a “market perform” rating in a research note on Monday, March 10th. They now have a $45.00 price target on the stock, down previously from $48.00. Finally, analysts at Avondale Partners downgraded shares of Expeditors International of Washington from a “market outperform” rating to a “market perform” rating in a research note on Tuesday, March 4th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Expeditors International of Washington presently has an average rating of “Buy” and a consensus price target of $45.30.
Expeditors International of Washington, Inc is engaged in the business of providing global logistics services.
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