Expeditors International Given Neutral Rating at Zacks (EXPD)
Expeditors International (NASDAQ: EXPD)‘s stock had its “neutral” rating restated by Zacks in a report issued on Thursday. They currently have a $39.00 target price on the stock.
Expeditors International (NASDAQ: EXPD) traded down 1.61% on Thursday, hitting $36.59. Expeditors International has a 1-year low of $34.20 and a 1-year high of $47.48. The stock’s 50-day moving average is currently $40.47. The company has a market cap of $7.556 billion and a price-to-earnings ratio of 23.69.
Expeditors International (NASDAQ: EXPD) last issued its quarterly earnings data on Tuesday, February 26th. The company reported $0.40 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.43 by $0.03. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Expeditors International will post $1.81 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on EXPD. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Expeditors International in a research note to investors on Thursday. They now have a $43.00 price target on the stock. Separately, analysts at Robert W. Baird cut their price target on shares of Expeditors International from $42.00 to $40.00 in a research note to investors on Wednesday, March 13th. They now have a “neutral” rating on the stock. Finally, analysts at Edward Jones initiated coverage on shares of Expeditors International in a research note to investors on Friday, March 8th. They set a “buy” rating on the stock.
Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $43.57.
Expeditors International of Washington, Inc. is engaged in the business of providing global logistics services.
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