Jefferies Cuts Numbers On Expeditors International (EXPD) Following Q2
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Price: $40.11 -0.91%
Rating Summary:
3 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
3 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies cut estimates and its price target on Hold-rated Expeditors International (NASDAQ: EXPD).
The price target moves from $56 to $53. FY11 EPS goes from $1.93 to $1.81. FY12 goes from $2.14 to $2.05.
The firm comments, "2Q EPS miss on softer volumes and higher expenses. Slower than expected gross yield expansion and valuation keep us at Hold."
For more ratings news on Expeditors International click here and for the rating history of Expeditors International click here.
Shares of Expeditors International closed at $45.00 yesterday.
The price target moves from $56 to $53. FY11 EPS goes from $1.93 to $1.81. FY12 goes from $2.14 to $2.05.
The firm comments, "2Q EPS miss on softer volumes and higher expenses. Slower than expected gross yield expansion and valuation keep us at Hold."
For more ratings news on Expeditors International click here and for the rating history of Expeditors International click here.
Shares of Expeditors International closed at $45.00 yesterday.
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