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Expeditors International of Washington (NASDAQ:EXPD) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has downgraded Expeditors International of Washington (NASDAQ:EXPD) to Sell in a report released on Tuesday May 16, 2017.

Just yesterday Expeditors International of Washington (NASDAQ:EXPD) traded -0.73% lower at $52.99. Expeditors International of Washington’s 50-day moving average is $55.59 and its 200-day moving average is $54.24. The last stock price is down -2.31% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.02% over the same time period. 727,109 shares of EXPD traded hands, down from an average trading volume of 1,153,570

Recent Performance Chart

Expeditors International of Washington (NASDAQ:EXPD)

Expeditors International of Washington has 52 week low of $46.48 and a 52 week high of $57.74 with a PE ratio of 22.65 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 16 brokerages have issued a ratings update on the company. The average stock price target is $50.47 with 4 brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 14 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Expeditors International of Washington (NASDAQ:EXPD)

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. In addition, the Company's Project Cargo unit handles special project shipments that move through a single method or combination of air, ocean, and/or ground transportation. The Company's services include airfreight services, ocean freight and ocean services, and customs brokerage and other services. The Company operates along five geographic areas: the Americas; North Asia; South Asia; Europe, and the Middle East, Africa and India.

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