Could Expeditors International of Washington, Inc. (EXPD) Go Down After Touching 52-Week High?

January 14, 2018 - By Louis Casey

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.02, from 1.06 in 2017Q2. It dropped, as 29 investors sold Expeditors International of Washington, Inc. shares while 155 reduced holdings. 43 funds opened positions while 149 raised stakes. 160.89 million shares or 0.51% less from 161.72 million shares in 2017Q2 were reported.
Zevin Asset Ltd Limited Liability Company has invested 1.06% of its portfolio in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Kbc Gp Nv invested in 0.02% or 30,187 shares. Anchor Advisors Llc has 0.57% invested in Expeditors International of Washington, Inc. (NASDAQ:EXPD) for 262,674 shares. Boston Partners, a Massachusetts-based fund reported 49,200 shares. Sumitomo Mitsui Trust Holding owns 543,682 shares for 0.05% of their portfolio. Reilly Fincl reported 0% of its portfolio in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Daniel Devine And accumulated 0.53% or 11,485 shares. 2.77M are owned by Northern Tru Corporation. Royal Bankshares Of Canada owns 231,198 shares for 0.01% of their portfolio. Deutsche Commercial Bank Ag reported 0.03% stake. Pnc Fincl Service Grp accumulated 50,260 shares. Tiaa Cref Inv Mgmt Ltd Com holds 0.02% or 439,489 shares in its portfolio. Northwest Counselors Limited Liability Corp reported 0.28% of its portfolio in Expeditors International of Washington, Inc. (NASDAQ:EXPD). Advantus Cap Management has 0.03% invested in Expeditors International of Washington, Inc. (NASDAQ:EXPD) for 18,167 shares. Visionary Asset Management Inc invested in 0.06% or 3,624 shares.

The stock of Expeditors International of Washington, Inc. (NASDAQ:EXPD) hit a new 52-week high and has $71.40 target or 7.00 % above today’s $66.73 share price. The 5 months bullish chart indicates low risk for the $11.86B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $71.40 price target is reached, the company will be worth $830.06M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.51% or $0.34 during the last trading session, reaching $66.73. About 585,335 shares traded. Expeditors International of Washington, Inc. (NASDAQ:EXPD) has risen 10.45% since January 14, 2017 and is uptrending. It has underperformed by 6.25% the S&P500.

Analysts await Expeditors International of Washington, Inc. (NASDAQ:EXPD) to report earnings on February, 20. They expect $0.64 EPS, up 4.92 % or $0.03 from last year’s $0.61 per share. EXPD’s profit will be $113.73M for 26.07 P/E if the $0.64 EPS becomes a reality. After $0.66 actual EPS reported by Expeditors International of Washington, Inc. for the previous quarter, Wall Street now forecasts -3.03 % negative EPS growth.

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

Among 15 analysts covering Expeditors International of Washington (NASDAQ:EXPD), 3 have Buy rating, 2 Sell and 10 Hold. Therefore 20% are positive. Expeditors International of Washington has $72.0 highest and $42 lowest target. $55.54’s average target is -16.77% below currents $66.73 stock price. Expeditors International of Washington had 41 analyst reports since August 11, 2015 according to SRatingsIntel. As per Monday, October 2, the company rating was maintained by Barclays Capital. UBS maintained Expeditors International of Washington, Inc. (NASDAQ:EXPD) rating on Wednesday, November 8. UBS has “Sell” rating and $56 target. The stock of Expeditors International of Washington, Inc. (NASDAQ:EXPD) has “Hold” rating given on Monday, June 26 by Stifel Nicolaus. As per Wednesday, November 8, the company rating was maintained by Credit Suisse. The firm has “Buy” rating by Zacks given on Tuesday, August 25. The stock of Expeditors International of Washington, Inc. (NASDAQ:EXPD) has “Hold” rating given on Monday, October 16 by Cowen & Co. The firm has “Hold” rating by Cowen & Co given on Wednesday, November 8. Cowen & Co maintained the stock with “Market Perform” rating in Wednesday, February 22 report. The rating was upgraded by Barclays Capital on Friday, April 15 to “Overweight”. The firm has “Hold” rating given on Monday, January 8 by Stephens.

Expeditors International of Washington, Inc. provides logistics services. The company has market cap of $11.86 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 28.04 P/E ratio. It acts as a freight consolidator or as an agent for the airline, which carries the shipment.

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