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EXPD

Expeditors

$75.39

-3.35 (-4.25%)

10:50
05/07/19
05/07
10:50
05/07/19
10:50

Put spreads in Expeditors International as shares drop nearly 5%

Put spreads in Expeditors International as shares drop nearly 5%. The stock off $3.61 to $75.10 after earnings and 1.5K May 70 - 75 put spreads sold at $1.20, then another at $1.35. More than 4K trade and the vertical probably closes some positions opened 4/3 when, with shares $79, 12.6K May 70 - 75 put spreads bought for 85c, outright. In short, the investor is closing some of the spread to monetize profits after the one-month 5% drop in shares, but since the bulk of the position is being left open, and the two contracts are the largest open interest in the name, there seems to be continuing concerns about the short-term outlook for shares. May contracts expire at the end of next week. 70 strike puts are 7.5% below spot.

  • 07

    May

EXPD Expeditors
$75.39

-3.35 (-4.25%)

12/07/18
GSCO
12/07/18
DOWNGRADE
Target $68
GSCO
Sell
Expeditors downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Matthew Reustle downgraded Expeditors International of Washington to Sell with a $68 price target. The analyst sees "headwinds on the horizon" amid continued deceleration in the company's airfreight business and structural headwinds in its ocean freight business.
12/07/18
GSCO
12/07/18
DOWNGRADE
Target $68
GSCO
Sell
Goldman Sachs downgrades Expeditors to Sell on 'deteriorating' fundamentals
Goldman Sachs analyst Matthew Reustle downgraded Expeditors International of Washington to Sell from Neutral with an unchanged price target of $68. The stock closed yesterday down $1.24 to $74.30. The analyst sees "headwinds on the horizon" amid continued deceleration in the company's airfreight business and structural headwinds in its ocean freight business. He forecasts Expeditors' net revenue growth will slow to 4% in 2019 from 13% in 2018. This, combined with an expectation that tax rates will increase relative to 2018, implies the company's growth will decelerate to 2% in 2019, Reustle tells investors in a research note. The analyst believes "deteriorating" fundamentals, elevated exposure to a slowdown in global trade and "rich" valuations will drive shares lower in 2019.
12/07/18
12/07/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Secureworks (SCWX) downgraded to Sector Perform from Outperform at RBC Capital and to Neutral from Outperform at First Analysis. 2. Methanex (MEOH) downgraded to Hold from Buy at Jefferies with analyst Laurence Alexander saying he is now more cautious on the Chemicals space and he expects recession risk signals to continue emerging over the next few quarters. 3. Expeditors (EXPD) downgraded to Sell from Neutral at Goldman Sachs with analyst Matthew Reustle saying he sees "headwinds on the horizon" amid continued deceleration in the company's airfreight business and structural headwinds in its ocean freight business. 4. Chesapeake (CHK) downgraded to Underweight from Neutral at JPMorgan while Devon Energy (DVN) was downgraded to Neutral from Overweight. 5. Momo (MOMO) downgraded to Equal Weight from Overweight at Morgan Stanley and to Neutral from Buy at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/20/19
FBCO
02/20/19
NO CHANGE
Target $69
FBCO
Underperform
Expeditors price target raised to $69 from $64 at Credit Suisse
Credit Suisse analyst Allison Landry raised her price target for Expeditors to $69 from $64 after the company posted a "strong" Q4 beat with an acceleration in volumes and EBIT growth outpacing net revenue by about 1%. Nonetheless, the analyst reiterates an Underperform rating on the shares and notes that "choppy waters ahead may disrupt otherwise smooth sailing."

TODAY'S FREE FLY STORIES

TEVA

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JCP

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JPM

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1.14 (1.05%)

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GM

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RNLSY

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FMC

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, DWDP

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MGM

MGM Resorts

$25.55

0.19 (0.75%)

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  • 29

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PYPL

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  • 30

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APTO

Aptose Biosciences

$2.01

0.03 (1.52%)

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  • 04

    Jun

TRNX

Taronis Technologies

$0.48

0.004 (0.84%)

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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

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AAPL

Apple

$179.03

-0.64 (-0.36%)

17:22
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  • 03

    Jun

SPCB

SuperCom

$1.17

-0.005 (-0.43%)

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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

17:18
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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

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NVS

Novartis

$87.49

3.03 (3.59%)

, QGEN

Qiagen

$38.22

-0.255 (-0.66%)

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NVS

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$87.49

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QGEN

Qiagen

$38.22

-0.255 (-0.66%)

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  • 24

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AVH

Avianca

$3.96

0.91 (29.84%)

16:56
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AAPL

Apple

$179.03

-0.64 (-0.36%)

16:53
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Apple acquires startup Tueo Health, CNBC reports »

Apple has bought Tueo…

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  • 03

    Jun

SHSP

SharpSpring

$16.37

-0.24 (-1.44%)

16:52
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Breaking Syndicate news story on SharpSpring »

SharpSpring files to sell…

03/08/13
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  • 13

    Jun

CREG

China Recycling Energy

$0.48

0.005 (1.05%)

16:41
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Breaking Syndicate news story on China Recycling Energy »

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03/08/13
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