Press coverage about Expeditors International of Washington (NASDAQ:EXPD) has been trending positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 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 nearest to one being the most favorable. Expeditors International of Washington earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave headlines about the transportation company an impact score of 46.3835581046294 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Summary of what has been trade about Expeditors International of … – Wall Street Morning (wallstreetmorning.com)
- Aegean Marine Petroleum Network Inc. (ANW) Ex-Dividend Date Scheduled for March 20, 2018 – Nasdaq (nasdaq.com)
- Beta Factor under Trader’s Radar – Expeditors International of Washington Inc (NASDAQ: EXPD) – Stock Trading Point (press release) (stocktradingpoint.com)
- Expeditors International of Washington, Inc., (NASDAQ: EXPD) – Technical Analysis in Focus – Stock Watch (stocksnewstimes.com)
- Expeditors International of Washington Reaches Analyst Target Price – Nasdaq (nasdaq.com)
A number of research analysts have commented on the stock. Zacks Investment Research downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Morgan Stanley reiterated an “equal weight” rating and set a $55.00 price objective (up from $51.00) on shares of Expeditors International of Washington in a research note on Monday, February 26th. Cowen reissued a “market perform” rating and set a $65.00 target price (up from $58.00) on shares of Expeditors International of Washington in a report on Wednesday, February 21st. UBS set a $60.00 target price on shares of Expeditors International of Washington and gave the stock a “sell” rating in a report on Wednesday, February 21st. Finally, Credit Suisse Group reissued an “underperform” rating and set a $61.00 target price (down from $63.00) on shares of Expeditors International of Washington in a report on Wednesday, February 21st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $63.11.
Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, February 20th. The transportation company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.07. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.79 billion. Expeditors International of Washington had a net margin of 7.07% and a return on equity of 22.79%. Expeditors International of Washington’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. equities analysts forecast that Expeditors International of Washington will post 2.88 EPS for the current year.
In related news, VP Christopher J. Mcclincy sold 2,781 shares of the stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $64.81, for a total value of $180,236.61. Following the completion of the transaction, the vice president now owns 16,500 shares in the company, valued at approximately $1,069,365. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard H. Rostan sold 4,500 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $64.65, for a total transaction of $290,925.00. Following the completion of the transaction, the insider now owns 56,290 shares of the company’s stock, valued at approximately $3,639,148.50. The disclosure for this sale can be found here. Insiders sold a total of 27,457 shares of company stock valued at $1,784,235 in the last quarter. 0.78% of the stock is currently 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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