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Expeditors International of Washington In Retrospect: Shares Up 5.3% Since Upgraded One Week Ago (EXPD)

Published on Tue, 07/02/2013 - 09:13
By Mallory Stone

Stephens upgraded Expeditors International of Washington (NASDAQ:EXPD) from Equal Weight to Overweight a week ago. The stock closed at $38.66, which is 5.3% higher than the price one week ago ($36.71).

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.

Over the past year, Expeditors International of Washington has traded in a range of $34.20 to $55.30 and is now at $38.59, 13% above that low. The 200-day and 50-day moving averages have moved 0.01% lower and 0.47% higher over the past week, respectively.

There is potential upside of 12.0% for shares of Expeditors International of Washington based on a current price of $38.59 and an average consensus analyst price target of $43.21. The stock should find initial support at its 200-day moving average (MA) of $38.27 and further support at its 50-day MA of $37.89.

By Mallory Stone
mstone@fnno.com