Expeditors International of Washington (EXPD) Upgraded to Buy by ValuEngine

Expeditors International of Washington (NASDAQ:EXPD) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

Several other equities research analysts also recently issued reports on the company. Goldman Sachs Group downgraded Expeditors International of Washington from a “neutral” rating to a “sell” rating and set a $68.00 target price on the stock. in a research report on Friday, December 7th. BidaskClub downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. Credit Suisse Group increased their target price 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. Stifel Nicolaus set a $77.00 target price on Expeditors International of Washington and gave the stock a “hold” rating in a research report on Friday, February 22nd. Finally, Cowen restated a “market perform” rating and set a $78.00 target price (up previously from $75.00) on shares of Expeditors International of Washington in a research report on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Expeditors International of Washington has an average rating of “Hold” and a consensus price target of $74.57.

Expeditors International of Washington stock opened at $77.00 on Friday. Expeditors International of Washington has a 12 month low of $60.80 and a 12 month high of $78.16. The company has a market capitalization of $13.14 billion, a P/E ratio of 22.13, a PEG ratio of 2.70 and a beta of 0.82.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, February 19th. The transportation company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.85 by $0.17. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.15 billion. Expeditors International of Washington had a return on equity of 31.62% and a net margin of 7.60%. Expeditors International of Washington’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. As a group, equities analysts expect that Expeditors International of Washington will post 3.55 EPS for the current year.

In other Expeditors International of Washington news, CFO Bradley S. Powell sold 4,524 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $75.26, for a total transaction of $340,476.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daniel R. Wall sold 9,109 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $75.25, for a total value of $685,452.25. Following the completion of the sale, the insider now owns 40,079 shares in the company, valued at approximately $3,015,944.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,223 shares of company stock worth $1,821,121. Company insiders own 0.99% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. JOYN Advisors Inc. raised its position in shares of Expeditors International of Washington by 632.4% in the fourth quarter. JOYN Advisors Inc. now owns 498 shares of the transportation company’s stock worth $34,000 after buying an additional 430 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Expeditors International of Washington by 6,357.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,886,607 shares of the transportation company’s stock worth $42,000 after buying an additional 2,841,903 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth $53,000. Capital Investment Advisory Services LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth $59,000. Finally, Global Retirement Partners LLC raised its position in shares of Expeditors International of Washington by 121.5% in the fourth quarter. Global Retirement Partners LLC now owns 970 shares of the transportation company’s stock worth $66,000 after buying an additional 532 shares in the last quarter. Institutional investors own 92.60% of the company’s stock.

Expeditors International of Washington Company Profile

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, such as 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, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

Further Reading: Cost of Debt

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

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