Expeditors International of Washington, Inc. (EXPD) Given Consensus Recommendation of “Hold” by Brokerages

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been assigned a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $57.00.

Several research firms have recently weighed in on EXPD. BidaskClub upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Morgan Stanley reiterated an “equal weight” rating on shares of Expeditors International of Washington in a research note on Tuesday, July 11th. Cowen and Company reiterated a “market perform” rating and issued a $54.00 price objective (down previously from $55.00) on shares of Expeditors International of Washington in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Barclays PLC lifted their price objective on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd.

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A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Expeditors International of Washington by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock valued at $1,112,904,000 after purchasing an additional 532,318 shares in the last quarter. Janus Henderson Group PLC increased its stake in Expeditors International of Washington by 24,524.1% during the 2nd quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock valued at $270,366,000 after purchasing an additional 4,767,490 shares in the last quarter. Commonwealth Bank of Australia increased its stake in Expeditors International of Washington by 2.3% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,865,201 shares of the transportation company’s stock valued at $161,824,000 after purchasing an additional 65,353 shares in the last quarter. APG Asset Management N.V. increased its stake in Expeditors International of Washington by 115.2% during the 3rd quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock valued at $85,750,000 after purchasing an additional 766,900 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Expeditors International of Washington by 1.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,385,114 shares of the transportation company’s stock valued at $78,231,000 after purchasing an additional 13,419 shares in the last quarter. Institutional investors and hedge funds own 93.87% of the company’s stock.

Shares of Expeditors International of Washington (EXPD) opened at $57.95 on Friday. The firm has a market cap of $10,473.77, a price-to-earnings ratio of 24.98, a PEG ratio of 3.11 and a beta of 0.68. Expeditors International of Washington has a one year low of $47.23 and a one year high of $60.81.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. Expeditors International of Washington’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 EPS. equities analysts expect that Expeditors International of Washington will post 2.33 earnings per share for the current year.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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