Robert W. Baird analyst Benjamin Hartford reiterated a Hold rating on Expeditors International (NASDAQ: EXPD) yesterday and set a price target of $75. The company’s shares closed yesterday at $72.93.
According to TipRanks.com, Hartford is a 4-star analyst with an average return of 12.0% and a 71.7% success rate. Hartford covers the Services sector, focusing on stocks such as Knight Transportation, Old Dominion Freight, and Landstar System Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Expeditors International with a $72.80 average price target, representing a -0.2% downside. In a report released yesterday, 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 June 30, the company reported a quarterly net profit of $141 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.
