Expeditors International of Washington (NASDAQ:EXPD) Reaches New 52-Week High – What’s Next?

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $178.64 and last traded at $178.2020, with a volume of 1771704 shares. The stock had previously closed at $175.50.

Analyst Upgrades and Downgrades

EXPD has been the topic of several research analyst reports. Barclays increased their price target on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Susquehanna increased their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, UBS Group lifted their target price on Expeditors International of Washington from $175.00 to $191.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $142.22.

Get Our Latest Stock Analysis on EXPD

Expeditors International of Washington Trading Up 1.5%

The firm’s 50 day moving average price is $161.62 and its 200-day moving average price is $154.52. The company has a market cap of $23.31 billion, a P/E ratio of 31.15, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the prior year, the business earned $1.47 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. Analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.81 per share. This represents a yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s payout ratio is currently 26.21%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Elyxium Wealth LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $28,000. DV Equities LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at about $28,000. Nalls Sherbakoff Group LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at about $30,000. Bard Associates Inc. bought a new position in Expeditors International of Washington during the fourth quarter worth about $32,000. Finally, Community Bank N.A. bought a new position in Expeditors International of Washington during the third quarter worth about $34,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

About Expeditors International of Washington

(Get Free Report)

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.

Further Reading

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