Expeditors International (EXPD) Gets a Hold Rating from Stifel Nicolaus

By Carrie Williams

In a report released yesterday, J. Bruce Chan from Stifel Nicolaus reiterated a Hold rating on Expeditors International (NASDAQ: EXPD), with a price target of $73. The company’s shares closed yesterday at $72.93.

According to TipRanks.com, Chan is a 2-star analyst with an average return of 4.9% and a 100.0% success rate. Chan covers the Services sector, focusing on stocks such as Echo Global Logistics, Landstar System Inc, and Universal Logistics.

The word on The Street in general, suggests a Hold analyst consensus rating for Expeditors International with a $72.80 average price target, representing a -0.2% downside. In a report released yesterday, Susquehanna also reiterated a Hold rating on the stock with a $69 price target.

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The company has a one-year high of $78.16 and a one-year low of $54.32. Currently, Expeditors International has an average volume of 1.39M.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock.

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Expeditors International of Washington, Inc. engages in the provision of global logistics services. The company offers airfreight, ocean freight and ocean, and customs brokerage and other services.