Barclays Believes Expeditors International (NASDAQ: EXPD) Won’t Stop Here

By Jason Carr

In a report released yesterday, Brandon Oglenski from Barclays maintained a Buy rating on Expeditors International (NASDAQ: EXPD), with a price target of $70. The company’s shares opened today at $65.67, close to its 52-week high of $66.25.

According to TipRanks.com, Oglenski is a 4-star analyst with an average return of 6.9% and a 57.4% success rate. Oglenski covers the Services sector, focusing on stocks such as Allegiant Travel Company, Diana Containerships Inc, and Knight Transportation.

Expeditors International has an analyst consensus of Hold, with a price target consensus of $62.83.

Based on Expeditors International’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.8 billion and quarterly net profit of $120 million. In comparison, last year the company earned revenue of $1.64 billion and had a net profit of $111 million.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2017, Eugene Alger, the President Global Services of EXPD sold 10,269 shares for a total of $620,229.

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. It offers airfreight services, ocean freight and ocean services, and customs brokerage and other services.