Expeditors International (EXPD) Receives a Hold from Cowen & Co.

By Carrie Williams

In a report released today, Jason Seidl from Cowen & Co. reiterated a Hold rating on Expeditors International (NASDAQ: EXPD), with a price target of $73. The company’s shares opened today at $72.93.

According to TipRanks.com, Seidl is a top 100 analyst with an average return of 19.0% and a 73.9% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Echo Global Logistics, and Knight Transportation.

The word on The Street in general, suggests a Hold analyst consensus rating for Expeditors International with a $73.17 average price target, representing a 0.3% upside. In a report released today, Susquehanna also reiterated a Hold rating on the stock with a $69 price target.

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Based on Expeditors International’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $136 million. In comparison, last year the company had a net profit of $109 million.

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.