Today Cowen Reaffirms a Market Perform Rating on Expeditors Intl (NASDAQ:EXPD) and a $76 Target Price

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Logo

Investors sentiment increased to 1 in Q4 2018. Its up 0.02, from 0.98 in 2018Q3. It increased, as 46 investors sold Expeditors International of Washington, Inc. shares while 158 reduced holdings. 51 funds opened positions while 153 raised stakes. 157.56 million shares or 1.49% more from 155.26 million shares in 2018Q3 were reported.

Pinnacle Fin Prtnrs Inc holds 0.02% of its portfolio in Expeditors International of Washington, Inc. (NASDAQ:EXPD) for 3,162 shares. Toronto Dominion Commercial Bank reported 101,761 shares. Assetmark Incorporated owns 2 shares. Sawgrass Asset Management Lc stated it has 441,965 shares or 1.52% of all its holdings. Numerixs Invest Tech reported 8,400 shares or 0.18% of all its holdings. Beacon Group Incorporated invested 0.25% in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Clean Yield Gp owns 40,743 shares. Earnest Partners Limited Com holds 0% or 282 shares in its portfolio. State Street Corporation has 0.06% invested in Expeditors International of Washington, Inc. (NASDAQ:EXPD) for 9.64 million shares. Bluemountain Mngmt Lc has 0.02% invested in Expeditors International of Washington, Inc. (NASDAQ:EXPD) for 10,587 shares. Sumitomo Mitsui Trust Hldg reported 674,550 shares stake. Johnson Financial Gp Inc has invested 0.13% of its portfolio in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Glenmede Com Na holds 0.04% or 109,134 shares in its portfolio. Merian Invsts (Uk) Limited holds 0.56% of its portfolio in Expeditors International of Washington, Inc. (NASDAQ:EXPD) for 925,711 shares. Principal Fincl Grp Incorporated, a Iowa-based fund reported 648,309 shares.

Since November 16, 2018, it had 0 insider purchases, and 3 insider sales for $2.82 million activity. Musser Jeffrey S sold 30,000 shares worth $2.28M. On Monday, November 19 the insider Emmert Mark A sold $367,600.

Expeditors Intl (NASDAQ:EXPD) Rating Reaffirmed

Expeditors Intl (NASDAQ:EXPD) just had their share rating of a ‘Market Perform’ issued by research analysts at Cowen, who now has a $76 target price per share on the $12.97B market cap company or a 0.73 % upside potential. This key information was released in analysts report on 8 May.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Ratings Coverage

Among 7 analysts covering Expeditors International (NASDAQ:EXPD), 0 have Buy rating, 3 Sell and 4 Hold. Therefore 0 are positive. Expeditors International has $78 highest and $59 lowest target. $70.29’s average target is -6.84% below currents $75.45 stock price. Expeditors International had 9 analyst reports since December 7, 2018 according to SRatingsIntel. The firm earned “Sell” rating on Wednesday, February 20 by Credit Suisse. The firm earned “Hold” rating on Friday, February 22 by Stifel Nicolaus. Cowen & Co maintained Expeditors International of Washington, Inc. (NASDAQ:EXPD) rating on Tuesday, February 19. Cowen & Co has “Hold” rating and $78 target. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, February 19 report. Goldman Sachs downgraded Expeditors International of Washington, Inc. (NASDAQ:EXPD) rating on Friday, December 7. Goldman Sachs has “Sell” rating and $68 target. The rating was maintained by Morgan Stanley on Monday, February 25 with “Hold”. The firm has “Sell” rating given on Wednesday, February 20 by UBS.

The stock decreased 0.37% or $0.28 during the last trading session, reaching $75.45. About 647,063 shares traded. Expeditors International of Washington, Inc. (NASDAQ:EXPD) has risen 19.55% since May 8, 2018 and is uptrending. It has outperformed by 15.18% the S&P500.

Expeditors International of Washington, Inc. provides logistics services. The company has market cap of $12.97 billion. The firm offers airfreight services, including air freight consolidation and forwarding; ocean freight and ocean services comprising ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, and other logistics solutions. It has a 21.68 P/E ratio. It acts as a freight consolidator or as an agent for the airline, which carries the shipment.

More notable recent Expeditors International of Washington, Inc. (NASDAQ:EXPD) news were published by: Nasdaq.com which released: “Sprague Resources LP (SRLP) Ex-Dividend Date Scheduled for May 06, 2019 – Nasdaq” on May 03, 2019, also Nasdaq.com with their article: “Gol Linhas (GOL) Misses on Q1 Earnings, Tweaks ’19 & ’20 View – Nasdaq” published on May 03, 2019, Nasdaq.com published: “Triton (TRTN) Beats on Q1 Earnings Despite Seasonal Softness – Nasdaq” on May 02, 2019. More interesting news about Expeditors International of Washington, Inc. (NASDAQ:EXPD) were released by: Seekingalpha.com and their article: “Expeditors Q4 2018 Earnings Preview – Seeking Alpha” published on February 18, 2019 as well as Nasdaq.com‘s news article titled: “Expeditors (EXPD) Q1 Earnings Lag Estimates, Revenues Beat – Nasdaq” with publication date: May 07, 2019.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Institutional Positions Chart

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