• Return to Headlines

Upgrade Alert for Expeditors International of Washington (EXPD)

By Amy Schwartz

Expeditors International of Washington (NASDAQ:EXPD) was upgraded from Sector Perform to Outperform at RBC Capital today. The stock closed yesterday at $41.58 on volume of 994,000 shares, below average daily volume of 1.2 million.

Expeditors International of Washington, Inc. is a global logistics company. The Company provides air and ocean freight forwarding, vendor consolidation, customs clearance, marine insurance, distribution, and other international logistics services.

In the past 52 weeks, Expeditors International of Washington share prices have been bracketed by a low of $34.83 and a high of $46.90 and closed yesterday at $41.58, 19% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.3%.

Potential upside of 21.9% exists for Expeditors International of Washington, based on a current level of $41.58 and analysts' average consensus price target of $50.67. The stock should run into initial resistance at its 200-day moving average (MA) of $41.74 and subsequent resistance at its 50-day MA of $42.55.

SmarTrend recommended that its subscribers protect gains by selling shares of Expeditors International of Washington on November 5th, 2013 by issuing a Downtrend alert when the shares were trading at $43.78. Since that call, shares of Expeditors International of Washington have fallen 5.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: analyst upgrades/downgrades expeditors international of washington

Ticker(s): EXPD