In a report issued on April 5, Garrett Holland from Robert W. Baird maintained a Hold rating on Expeditors International (EXPD – Research Report), with a price target of $110.00. The company’s shares closed last Wednesday at $96.34, close to its 52-week low of $95.55.
According to TipRanks.com, Holland is a 3-star analyst with an average return of 2.4% and a 50.8% success rate. Holland covers the Industrial Goods sector, focusing on stocks such as Knight Transportation, Old Dominion Freight, and Werner Enterprises.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Expeditors International with a $106.67 average price target, implying a 10.1% upside from current levels. In a report issued on April 5, Wolfe Research also upgraded the stock to Hold.
Expeditors International’s market cap is currently $16.31B and has a P/E ratio of 11.65.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EXPD in relation to earlier this year. Last month, Jeffrey Musser, the President & CEO of EXPD bought 5,000 shares for a total of $203,700.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Expeditors International of Washington, Inc. engages in the provision of global logistics services. The firm offers airfreight, ocean freight and ocean and customs brokerage and other services. It also provides customer solutions such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions. The company was founded by John M. Kaiser, Peter Rose, Wang Li Kou, Kevin Walsh, Hank Wong, George Ho, Robert Chiarito, and Glenn Alger in May 1979 and is headquartered in Seattle, WA.
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