Expeditors International of Washington (EXPD) Receives Average Recommendation of “Hold” from Analysts

Expeditors International of Washington (NASDAQ:EXPD) has been assigned an average rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $58.14.

A number of analysts have issued reports on the stock. Zacks Investment Research lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Goldman Sachs Group assumed coverage on shares of Expeditors International of Washington in a research note on Monday, November 13th. They set a “neutral” rating and a $59.00 price target on the stock. UBS Group upped their target price on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the stock a “sell” rating in a research note on Wednesday, November 8th. Credit Suisse Group upped their target price on shares of Expeditors International of Washington from $51.00 to $56.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 8th. Finally, Cowen upped their target price on shares of Expeditors International of Washington from $54.00 to $58.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 8th.

Shares of Expeditors International of Washington (NASDAQ:EXPD) traded up $0.62 during trading hours on Monday, reaching $64.77. 620,700 shares of the company’s stock were exchanged, compared to its average volume of 1,122,218. The stock has a market capitalization of $11,399.63, a price-to-earnings ratio of 27.10, a PEG ratio of 3.34 and a beta of 0.72. Expeditors International of Washington has a one year low of $51.57 and a one year high of $66.01.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.06. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.72 billion. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. equities analysts predict that Expeditors International of Washington will post 2.4 earnings per share for the current year.

The company also recently announced a semiannual dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a dividend yield of 1.4%. Expeditors International of Washington’s payout ratio is 35.15%.

In related news, insider Eugene K. Alger sold 10,269 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total transaction of $620,247.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.78% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Expeditors International of Washington by 2.8% in the second 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 during the last quarter. Janus Henderson Group PLC increased its stake in Expeditors International of Washington by 24,524.1% in the second 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 during the last quarter. Commonwealth Bank of Australia increased its stake in Expeditors International of Washington by 21.8% in the third quarter. Commonwealth Bank of Australia now owns 3,489,743 shares of the transportation company’s stock valued at $208,580,000 after purchasing an additional 624,542 shares during the last quarter. APG Asset Management N.V. increased its stake in Expeditors International of Washington by 115.2% in the third 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 during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Expeditors International of Washington by 1.0% in the second 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 during the last quarter. Institutional investors own 93.56% of the company’s stock.

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Expeditors International of Washington Company Profile

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.

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

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