Buckingham Research Initiates Coverage on Expeditors International of Washington (NASDAQ:EXPD). What May be Next?


Why Has Buckingham Research Given Expeditors International of Washington (NASDAQ:EXPD) a $44.00 Price Target

The Investment firm Buckingham Research has today initiated coverage on Expeditors International of Washington (NASDAQ:EXPD) shares, with a “Neutral” rating, while stating the PT at $44.00.

From a total of 17 analysts covering Expeditors International of Washington (NASDAQ:EXPD) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 14 a ”Hold”. This means that 29% of the ratings are positive. The highest target price is $67 while the lowest target price is $46. The mean of all analyst targets is $53.35 with a 11.19% above today’s ($46.54) stock price. Expeditors International of Washington was the topic of 12 analyst reports since August 11, 2015 according to the firm StockzIntelligence Inc. Macquarie Research maintained shares on November 4 with “Neutral” rating. Stifel Nicolaus upgraded shares to “Hold” rating and $56.0 target share price in a report from an August 25. UBS initiated EXPD stock in a recent report from October 9 with “Neutral” rating. Finally, S&P Research maintained the stock with “Buy” rating in a report issued on a September 22.

Approximately 1.15M shares of stock traded hands. Expeditors International of Washington (NASDAQ:EXPD) has declined 2.03% since May 12, 2015 and is downtrending. It has outperformed by 1.64% the S&P500.

The overall sentiment of institutions has increased to 1.05 in Q2 2015. Its up 0.05, from 1 in 2015Q2. The ratio improved, as 39 institutions have sold all the shares of Expeditors International of Washington that they owned while 190 funds have taken shares off the table. 58 funds have purchased shares for the first time while 183 added to their positions. These institutions now hold 181.16 million shares or 7.31% more than the 168.82 million shares they owned in 2015Q2.

The Fund Tensile Capital Management Llc currently is holding shares equating to 14.65% of its total portfolio in Expeditors International of Washington representing a total of 1.04 million shares. Another fund,Mcdonald Capital Investors Inc Ca, is holding a total of 1.83 million shares equating to 9.26% of their holdings. Additionally, Underhill Investment Management Llc has a 269,700 share stake in Expeditors International of Washington which represents 6.25% of their total portfolio. The Fund, St. James Investment Company Llc, based out of Texas, has also built up a stake in the stock, which represents a total of 5.9% of their total portfolio. Finally International Value Advisers Llc, a fund which is based in the state of New York reported a total holdings of 4.67 million shares.

Insider activity is a very important aspect to track on any stock. Going back to March 12, 2015, shareholders of Expeditors International of Washington have witnessed 0 insider purchases, and a total of 1 insider sale equating to a net activity of approximately $244,700 . Wang James L K sold 5,000 shares worth approximately $244,700. Gates R Jordan sold 11,822 shares worth approximately $567,456. Kourkoumelis Dan sold 32,000 shares worth approximately $1.52 million. Musser Jeffrey S sold 10,582 shares worth approximately $500,740. The company insider Coughlin Philip M sold 13,361 shares worth $633,311.

Expeditors International of Washington, Inc. is engaged in the business of providing global logistics services. The company has a market cap of $8.65 billion. The Company’s services include air and ocean freight transportation and customs brokerage. It has 20.19 P/E ratio. The Firm also provides additional services, including order management, time-definite transportation, warehousing and distribution, cargo insurance and logistics solutions.

According to Zacks Investment Research, “Expeditors International of Washington, Inc. is engaged in the business of providing global logistics services. The company offers its customers a seamless international network supporting the movement and strategic positioning of goods. The company’s services include the consolidation or forwarding of air and ocean freight. In each U.S. office, and in many overseas offices, the company acts as a customs broker. The company also provides additional services including distribution management, vendor consolidation, cargo insurance, and purchase order management.”