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Morgan Stanley Stick to Their Hold Rating for Expeditors International

Published 10/05/2020, 12:31 PM
Updated 10/05/2020, 12:31 PM


Morgan Stanley (NYSE:MS) analyst Ravi Shanker maintained a Hold rating on Expeditors International (NASDAQ:EXPD) on Monday, setting a price target of $67, which is approximately 25.26% below the present share price of $89.65.

Shanker expects Expeditors International to post earnings per share (EPS) of $1.10 for the fourth quarter of 2020.

The current consensus among 9 TipRanks analysts is for a Moderate Sell rating of shares in Expeditors International, with an average price target of $80.
The analysts price targets range from a high of $97 to a low of $64.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $2.58 billion and a net profit of $247.63 million. The company's market cap is $15.03 billion.

According to TipRanks.com, Morgan Stanley analyst Ravi Shanker is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 0.1% and a 53.97% success rate.

Expeditors International of Washington, Inc. engages in the provision of global logistics services. The firm offers airfreight, ocean freight and ocean and customs brokerage and other services. It also provides customer solutions such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions. The company was founded by John M. Kaiser, Peter Rose, Wang Li Kou, Kevin Walsh, Hank Wong, George Ho, Robert Chiarito, and Glenn Alger in May 1979 and is headquartered in Seattle, WA.

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