Expeditors International of Washington Inc. (NASDAQ:EXPD) traded at a new 52-week high today of $108.95. So far today approximately 100,000 shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.
Based on a current price of $108.25, Expeditors International of Washington Inc. is currently 0.4% above its average consensus analyst price target of $107.86.
Expeditors International of Washington is a non-asset-based third-party logistics provider, mainly focused on international freight forwarding. It employs sophisticated IT systems and contracts with airlines and steamship carriers to move customers’ freight across the globe. The firm operates more than 200 full-service office locations worldwide, in addition to numerous satellite locations. In 2020, Expeditors derived 38% of consolidated net revenue from airfreight, 20% from ocean freight, and 7% from customs brokerage and other services.
Over the past year, Expeditors International of Washington Inc. has traded in a range of $63.86 to $108.95 and is now at $108.25, 70% above that low.
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