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Equities researchers at Robert W. Baird cut their target price on shares of Expeditors International of Washington (NASDAQ:EXPD) from $49.00 to $44.00 in a research report issued on Tuesday. Robert W. Baird’s price objective indicates a potential downside of 1.94% from the stock’s previous close.

Expeditors International of Washington (NASDAQ:EXPD) traded up 0.20% during mid-day trading on Tuesday, hitting $44.87. 1,404,495 shares of the company’s stock traded hands. Expeditors International of Washington has a one year low of $38.42 and a one year high of $46.90. The stock’s 50-day moving average is $45.04 and its 200-day moving average is $42.21. The company has a market cap of $8.856 billion and a P/E ratio of 26.19.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Wednesday, May 7th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts predict that Expeditors International of Washington will post $1.89 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Expeditors International of Washington in a research note on Tuesday, June 24th. They now have a $47.00 price target on the stock. 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $46.60.

Expeditors International of Washington, Inc is engaged in the business of providing global logistics services.

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