Media stories about Expeditors International of Washington (NASDAQ:EXPD) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Expeditors International of Washington earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the transportation company an impact score of 45.1708062974587 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Expeditors International of Washington (EXPD) Upgraded by Zacks Investment Research to “Buy” (americanbankingnews.com)
- Expeditors International of Washington (EXPD) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Stifel Nicolaus Reaffirms “Hold” Rating for Expeditors International of Washington (EXPD) (americanbankingnews.com)
- Expeditors International of Washington, Inc. (EXPD) – Institutional Ownership Update – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Expeditors International of Washington (EXPD) Given New $63.00 Price Target at Credit Suisse Group (americanbankingnews.com)
Several brokerages have weighed in on EXPD. Credit Suisse Group boosted their price target on Expeditors International of Washington from $56.00 to $63.00 and gave the company an “underperform” rating in a report on Tuesday, January 16th. Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Friday. Stifel Nicolaus reiterated a “hold” rating and issued a $68.00 price target on shares of Expeditors International of Washington in a report on Thursday. Barclays reiterated a “buy” rating and issued a $70.00 price target on shares of Expeditors International of Washington in a report on Tuesday, January 9th. Finally, BidaskClub downgraded Expeditors International of Washington from a “sell” rating to a “strong sell” rating in a report on Saturday, January 6th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $63.88.
Shares of Expeditors International of Washington (EXPD) traded up $0.31 during midday trading on Friday, hitting $66.40. 897,639 shares of the stock traded hands, compared to its average volume of 727,337. Expeditors International of Washington has a one year low of $51.57 and a one year high of $66.83. The stock has a market cap of $11,799.48, a PE ratio of 27.78, a PEG ratio of 3.12 and a beta of 0.72.
Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.06. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the company earned $0.59 EPS. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. analysts predict that Expeditors International of Washington will post 2.41 earnings per share for the current year.
In other news, insider Eugene K. Alger sold 10,269 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total transaction of $620,247.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.78% of the stock is owned by insiders.
Expeditors International of Washington Company Profile
Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.
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