Expeditors International of Washington Short Interest Down 14.4% in May (EXPD)
Expeditors International of Washington (NASDAQ:EXPD) was the target of a significant decline in short interest in May. As of May 30th, there was short interest totalling 6,327,282 shares, a decline of 14.4% from the May 15th total of 7,393,974 shares, Analyst Ratings.Net reports. Based on an average trading volume of 1,968,920 shares, the days-to-cover ratio is presently 3.2 days. Currently, 3.3% of the company’s stock are sold short.
In other Expeditors International of Washington news, Director Dan Kourkoumelis sold 6,747 shares of the stock on the open market in a transaction dated Friday, June 6th. The shares were sold at an average price of $45.99, for a total value of $310,294.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of Expeditors International of Washington from $43.00 to $49.00 in a research note on Monday, May 19th. Separately, analysts at Susquehanna upgraded shares of Expeditors International of Washington from a “neutral” rating to a “positive” rating in a research note on Friday, May 16th. They now have a $55.00 price target on the stock, up previously from $44.00. Finally, analysts at Goldman Sachs raised their price target on shares of Expeditors International of Washington from $43.00 to $44.00 in a research note on Friday, May 9th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Expeditors International of Washington has a consensus rating of “Buy” and an average target price of $46.33.
Expeditors International of Washington (NASDAQ:EXPD) opened at 44.34 on Wednesday. Expeditors International of Washington has a one year low of $36.45 and a one year high of $46.90. The stock has a 50-day moving average of $44.43 and a 200-day moving average of $42.07. The company has a market cap of $8.752 billion and a price-to-earnings ratio of 26.08.
Expeditors International of Washington (NASDAQ:EXPD) last released its earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.39 earnings per share. Expeditors International of Washington’s revenue was up 5.6% compared to the same quarter last year. Analysts expect that Expeditors International of Washington will post $1.88 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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