Analysts at Credit Suisse Reiterate their Past ‘Underperform’ rating on Shares Expeditors International (NASDAQ:EXPD), Set a $65 TP

August 9, 2018 - By Billy Entrekin

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Logo

Investors sentiment increased to 0.94 in 2018 Q1. Its up 0.02, from 0.92 in 2017Q4. It increased, as 33 investors sold Expeditors International of Washington, Inc. shares while 175 reduced holdings. 49 funds opened positions while 147 raised stakes. 155.04 million shares or 0.64% more from 154.06 million shares in 2017Q4 were reported.

Blair William Com Il invested 0% of its portfolio in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Bb&T has 0.12% invested in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Fisher Asset Management Limited Liability Co has invested 0% in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Mcdonald Cap Invsts Inc Ca reported 9.34% stake. Adage Prns Group Limited Liability Company holds 0.04% or 238,800 shares. Stevens Capital Mngmt Ltd Partnership has invested 0.05% of its portfolio in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Northwest Investment Counselors Ltd Liability owns 10,800 shares or 0.29% of their US portfolio. Barnett & Incorporated invested 0.01% of its portfolio in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Lenox Wealth Mgmt Incorporated invested in 14,432 shares or 0.29% of the stock. 52,223 were accumulated by Shell Asset. Tensile Management owns 703,015 shares for 6.67% of their portfolio. First Interstate Retail Bank has 0.13% invested in Expeditors International of Washington, Inc. (NASDAQ:EXPD) for 9,038 shares. 22,840 were accumulated by Mutual Of America Capital Limited Liability Company. Chevy Chase Hldg has invested 0.04% in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Signaturefd Llc accumulated 0.01% or 834 shares.

Since February 26, 2018, it had 0 insider buys, and 9 selling transactions for $3.14 million activity. ALGER EUGENE K had sold 6,956 shares worth $500,067 on Thursday, May 17. Wall Daniel R had sold 5,000 shares worth $330,400. COUGHLIN PHILIP M sold $350,888 worth of Expeditors International of Washington, Inc. (NASDAQ:EXPD) on Friday, March 9. Rostan Richard H had sold 4,500 shares worth $290,925 on Friday, March 9. On Monday, March 12 Emmert Mark A sold $388,320 worth of Expeditors International of Washington, Inc. (NASDAQ:EXPD) or 6,000 shares. Another trade for 2,073 shares valued at $137,937 was made by Musser Jeffrey S on Monday, February 26.

Expeditors International (NASDAQ:EXPD) Rating Reaffirmed

Recently, In a research report revealed to investors and clients on Wednesday, 8 August, Expeditors International (NASDAQ:EXPD) shares have had their Underperform Rating reaffirmed by professional analysts at Credit Suisse, who currently has a $65 target on company. This target by Credit Suisse indicates the possibile downside of -11.00 % from the last stock price.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Ratings Coverage

Among 6 analysts covering Expeditors International (NASDAQ:EXPD), 0 have Buy rating, 2 Sell and 4 Hold. Therefore 0 are positive. Expeditors International has $76 highest and $55 lowest target. $65.67’s average target is -10.08% below currents $73.03 stock price. Expeditors International had 10 analyst reports since February 21, 2018 according to SRatingsIntel. Robert W. Baird maintained it with “Neutral” rating and $76 target in Monday, June 4 report. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, August 8 report. As per Wednesday, February 21, the company rating was maintained by Credit Suisse. Cowen & Co maintained the stock with “Hold” rating in Wednesday, February 21 report. Credit Suisse maintained Expeditors International of Washington, Inc. (NASDAQ:EXPD) on Wednesday, May 9 with “Underperform” rating. The firm earned “Hold” rating on Wednesday, February 21 by Stifel Nicolaus. Credit Suisse maintained Expeditors International of Washington, Inc. (NASDAQ:EXPD) rating on Wednesday, August 8. Credit Suisse has “Underperform” rating and $65 target. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, February 26. The rating was maintained by UBS with “Sell” on Wednesday, February 21. Stifel Nicolaus maintained it with “Hold” rating and $72 target in Wednesday, May 9 report.

The stock decreased 0.49% or $0.36 during the last trading session, reaching $73.03. About 411,662 shares traded. Expeditors International of Washington, Inc. (NASDAQ:EXPD) has risen 38.58% since August 9, 2017 and is uptrending. It has outperformed by 26.01% the S&P500.

Expeditors International of Washington, Inc. provides logistics services. The company has market cap of $12.76 billion. The firm offers airfreight services, including air freight consolidation and forwarding; ocean freight and ocean services comprising ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, and other logistics solutions. It has a 24.84 P/E ratio. It acts as a freight consolidator or as an agent for the airline, which carries the shipment.

More news for Expeditors International of Washington, Inc. (NASDAQ:EXPD) were recently published by: Seekingalpha.com, which released: “Expeditors International Of Washington Could Jump Even Higher After Earnings” on August 06, 2018. Benzinga.com‘s article titled: “Earnings Scheduled For August 7, 2018” and published on August 07, 2018 is yet another important article.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Institutional Positions Chart

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