FBR Capital Starts Stock Coverage on Expeditors International (EXPD)
Research analysts at FBR Capital (NASDAQ: FBCM) assumed coverage on shares of Expeditors International (NASDAQ: EXPD) in a report released on Thursday. The firm set a “market perform” rating and a $40.00 price target on the stock.
Shares of Expeditors International traded down 2.46% during mid-day trading on Thursday, hitting $37.31. Expeditors International has a 52 week low of $37.18 and a 52 week high of $53.22. The company has a market cap of $7.925 billion and a P/E ratio of 22.11.
Expeditors International last announced its earnings results on Wednesday, May 2nd. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.38 by $0.02. The company’s quarterly revenue was down 3.4% on a year-over-year basis. On average, analysts predict that Expeditors International will post $0.50 earnings per share next quarter.
A number of other firms have also recently commented on EXPD. Analysts at Zacks reiterated a “neutral” rating on shares of Expeditors International in a research note to investors on Tuesday, May 8th. They now have a $42.00 price target on the stock. Separately, analysts at Jefferies Group (NYSE: JEF) cut their price target on shares of Expeditors International to $49.00 in a research note to investors on Thursday, May 3rd. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase (NYSE: JPM) cut their price target on shares of Expeditors International from $47.00 to $42.00 in a research note to investors on Thursday, May 3rd.
Expeditors International of Washington, Inc. is engaged in the business of providing global logistics services.