Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives Consensus Rating of “Hold” from Analysts

Expeditors International of Washington, Inc. (NASDAQ:EXPDGet Free Report) has been assigned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $168.7778.

Several analysts have recently commented on EXPD shares. TD Cowen raised their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. Barclays boosted their target price on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Stifel Nicolaus raised their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Finally, Bank of America increased their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st.

Read Our Latest Analysis on EXPD

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EXPD. Rossby Financial LCC lifted its position in Expeditors International of Washington by 9.3% in the fourth quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after buying an additional 80 shares during the last quarter. Claro Advisors Inc. boosted its stake in Expeditors International of Washington by 5.0% during the fourth quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock worth $260,000 after buying an additional 83 shares during the period. Hardy Reed LLC increased its position in shares of Expeditors International of Washington by 2.8% during the fourth quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock valued at $523,000 after acquiring an additional 95 shares during the last quarter. Meeder Advisory Services Inc. increased its position in shares of Expeditors International of Washington by 5.4% during the fourth quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock valued at $279,000 after acquiring an additional 96 shares during the last quarter. Finally, Nicollet Investment Management Inc. raised its stake in shares of Expeditors International of Washington by 0.9% in the 4th quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company’s stock valued at $1,656,000 after acquiring an additional 98 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $186.38 on Monday. The stock has a market capitalization of $24.23 billion, a P/E ratio of 32.58, a P/E/G ratio of 5.00 and a beta of 1.04. The business has a 50 day simple moving average of $170.83 and a 200 day simple moving average of $157.79. Expeditors International of Washington has a one year low of $112.94 and a one year high of $189.87.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The business’s revenue was up 32.1% compared to the same quarter last year. During the same period last year, the firm earned $1.34 EPS. Equities analysts expect that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Expeditors International of Washington Company Profile

(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.

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

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