Expeditors International of Washington (EXPD) Receives Cons…

Expeditors International of Washington (EXPD) Receives Cons…


Expeditors International of Washington (NASDAQ:EXPD) has received a consensus rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $74.57.

A number of research firms recently weighed in on EXPD. ValuEngine upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Friday, March 15th. BidaskClub upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Stifel Nicolaus set a $77.00 price target on Expeditors International of Washington and gave the company a “hold” rating in a research report on Friday, February 22nd. Cowen restated a “market perform” rating and set a $78.00 price objective (up from $75.00) on shares of Expeditors International of Washington in a research report on Wednesday, February 20th. Finally, Credit Suisse Group raised their price objective on Expeditors International of Washington from $64.00 to $69.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 20th.

Shares of NASDAQ:EXPD traded down $0.47 during midday trading on Monday, reaching $79.96. The company had a trading volume of 500,100 shares, compared to its average volume of 1,084,430. Expeditors International of Washington has a 1-year low of $61.69 and a 1-year high of $80.69. The firm has a market capitalization of $13.82 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 2.84 and a beta of 0.82.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, February 19th. The transportation company reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.17. Expeditors International of Washington had a return on equity of 31.62% and a net margin of 7.60%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter last year, the company posted $0.71 EPS. Expeditors International of Washington’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts anticipate that Expeditors International of Washington will post 3.54 EPS for the current year.

In other Expeditors International of Washington news, VP Christopher J. Mcclincy sold 1,960 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $77.09, for a total transaction of $151,096.40. Following the completion of the sale, the vice president now directly owns 12,848 shares in the company, valued at approximately $990,452.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip M. Coughlin sold 544 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $75.91, for a total value of $41,295.04. Following the sale, the insider now owns 21,220 shares of the company’s stock, valued at $1,610,810.20. The disclosure for this sale can be found here. Insiders have sold a total of 26,183 shares of company stock valued at $1,972,217 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in EXPD. Bank of New York Mellon Corp lifted its holdings in shares of Expeditors International of Washington by 16.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,615,897 shares of the transportation company’s stock valued at $192,347,000 after buying an additional 369,220 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Expeditors International of Washington by 7.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 719,599 shares of the transportation company’s stock valued at $52,907,000 after buying an additional 48,749 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Expeditors International of Washington by 83.7% during the 3rd quarter. Franklin Resources Inc. now owns 27,977 shares of the transportation company’s stock valued at $2,058,000 after buying an additional 12,749 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Expeditors International of Washington by 2,386.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 73,038 shares of the transportation company’s stock valued at $5,371,000 after buying an additional 70,100 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Expeditors International of Washington by 16.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 561,568 shares of the transportation company’s stock valued at $41,291,000 after buying an additional 81,098 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

About Expeditors International of Washington

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, and other logistics solutions.

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Analyst Recommendations for Expeditors International of Washington (NASDAQ:EXPD)

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