Expeditors International of Washington (NASDAQ:EXPD) PT Raised to $78.00 at Robert W. Baird

Expeditors International of Washington (NASDAQ:EXPD) had its target price hoisted by Robert W. Baird from $77.00 to $78.00 in a research report sent to investors on Wednesday morning, AnalystRatings.com reports. The brokerage currently has a neutral rating on the transportation company’s stock.

A number of other equities analysts have also recently issued reports on EXPD. Zacks Investment Research upgraded Expeditors International of Washington from a hold rating to a buy rating and set a $78.00 price target on the stock in a report on Tuesday, September 10th. Cowen restated a hold rating and set a $78.00 price target on shares of Expeditors International of Washington in a report on Tuesday, November 5th. BidaskClub cut Expeditors International of Washington from a hold rating to a sell rating in a report on Saturday, November 2nd. UBS Group set a $67.00 price target on Expeditors International of Washington and gave the stock a sell rating in a report on Wednesday, August 7th. Finally, Stifel Nicolaus cut their price target on Expeditors International of Washington from $73.00 to $72.00 and set a hold rating on the stock in a report on Monday, August 5th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Expeditors International of Washington has a consensus rating of Hold and an average price target of $73.67.

Shares of EXPD stock traded up $0.07 on Wednesday, reaching $77.27. The company had a trading volume of 792,900 shares, compared to its average volume of 1,032,841. The stock has a market capitalization of $13.24 billion, a PE ratio of 22.20 and a beta of 0.95. Expeditors International of Washington has a one year low of $62.90 and a one year high of $81.15. The business’s 50-day moving average is $73.76 and its 200 day moving average is $73.85. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.15.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, November 5th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.01. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Expeditors International of Washington had a return on equity of 30.76% and a net margin of 7.56%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 EPS. On average, sell-side analysts forecast that Expeditors International of Washington will post 3.52 earnings per share for the current fiscal year.

The company also recently announced a Semi-Annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.50 dividend. This is a boost from Expeditors International of Washington’s previous Semi-Annual dividend of $0.45. The ex-dividend date of this dividend is Friday, November 29th. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 28.74%.

In related news, Director Sidney E. Harris sold 1,860 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $134.50, for a total value of $250,170.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eugene K. Alger sold 36,000 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $71.05, for a total value of $2,557,800.00. Following the completion of the transaction, the insider now owns 45,787 shares in the company, valued at $3,253,166.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 262,546 shares of company stock worth $19,835,874. 1.20% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of EXPD. First Trust Advisors LP lifted its stake in Expeditors International of Washington by 206.7% during the 3rd quarter. First Trust Advisors LP now owns 918,589 shares of the transportation company’s stock valued at $68,242,000 after acquiring an additional 619,057 shares in the last quarter. BlackRock Inc. lifted its stake in Expeditors International of Washington by 3.7% during the 2nd quarter. BlackRock Inc. now owns 15,364,822 shares of the transportation company’s stock valued at $1,165,576,000 after acquiring an additional 546,889 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in Expeditors International of Washington by 215.4% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 793,916 shares of the transportation company’s stock valued at $438,782,000 after acquiring an additional 542,178 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Expeditors International of Washington by 11,831.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 454,605 shares of the transportation company’s stock valued at $34,487,000 after acquiring an additional 450,795 shares in the last quarter. Finally, Parnassus Investments CA lifted its stake in Expeditors International of Washington by 103.0% during the 2nd quarter. Parnassus Investments CA now owns 873,285 shares of the transportation company’s stock valued at $66,247,000 after acquiring an additional 443,097 shares in the last quarter. Institutional investors and hedge funds own 92.52% 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, 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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