The analysts wrote, ?According to our chief economist and global strategy team, 2013 looks poised to be a better year than 2012. It is the CS view that Industrial Production momentum will reaccelerate early in the year and that global trade will once again grow at a multiple of global GDP (historically about 1.3 times). As a global forwarder, both of these market dynamics should bode well for the stock.? A number of other analysts have also recently weighed in on EXPD. Analysts at Jefferies Group reiterated a ?buy? rating on shares of Expeditors International in a research note to investors on Thursday, January 3rd. They now have a $47.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Expeditors International from an ?underperform? rating to a ?neutral? rating in a research note to investors on Thursday, December 27th. They now have a $41.00 price target on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of Expeditors International from a ?hold? rating to a ?buy? rating in a research note to investors on Thursday, November 29th.
Eight analysts have rated the stock with a buy rating, eleven have given a hold rating, and one has given a sell rating to the company. Expeditors International presently has an average rating of ?overweight? and an average target price of $43.73. Expeditors International remained flat at $43.03 during trading on Friday. Expeditors International has a 52-week low of $34.20 and a 52-week high of $47.48. The stock?s 50-day moving average is currently $39.74. The company has a market cap of $8.992 billion and a price-to-earnings ratio of 26.89. Expeditors International last announced its earnings results on Tuesday, November 6th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.02. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in 2012, the company posted $0.50 earnings per share. The company?s revenue for the quarter was down 4.6% on a year-over-year basis. Analysts expect that Expeditors International will post $1.61 EPS for the current fiscal year. Expeditors International of Washington, Inc. is engaged in the business of providing global logistics services.