Stifel Nicolaus Sticks to Its Hold Rating for Expeditors International

By Austin Angelo

In a report released today, David Ross from Stifel Nicolaus reiterated a Hold rating on Expeditors International (NASDAQ: EXPD), with a price target of $68. The company’s shares opened today at $66.09, close to its 52-week high of $66.83.

According to TipRanks.com, Ross is a 4-star analyst with an average return of 13.2% and a 70.9% success rate. Ross covers the Services sector, focusing on stocks such as Air Transport Services, Old Dominion Freight, and ArcBest Corporation.

Currently, the analyst consensus on Expeditors International is Hold and the average price target is $64.71, representing a -2.1% downside.

In a report issued on January 5, Robert W. Baird also reiterated a Hold rating on the stock with a $66 price target.

Expeditors International’s market cap is currently $11.73B and has a P/E ratio of 27.77. The company has a book value ratio of 5.9327.

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.