Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Free Report) have received an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $175.27.
Several brokerages have recently weighed in on EXPD. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Truist Financial upped their price target on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Zacks Research cut Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. JPMorgan Chase & Co. lifted their price objective on Expeditors International of Washington from $200.00 to $214.00 and gave the stock a “neutral” rating in a research report on Monday, October 5th. Finally, Bank of America boosted their price objective on Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st.
Read Our Latest Analysis on Expeditors International of Washington
Expeditors International of Washington Trading Down 0.1%
NASDAQ:EXPD opened at $198.25 on Friday. The company’s 50-day moving average price is $191.72 and its 200-day moving average price is $167.05. The company has a market cap of $25.77 billion, a P/E ratio of 34.66, a P/E/G ratio of 5.00 and a beta of 1.07. Expeditors International of Washington has a twelve month low of $118.94 and a twelve month high of $200.66.
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last announced its quarterly earnings data 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 net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the previous year, the firm posted $1.34 earnings per share. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. On average, analysts expect that Expeditors International of Washington will post 5.39 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Compass Wealth Management LLC purchased a new position in shares of Expeditors International of Washington during the 3rd quarter worth $27,000. Latitude Advisors LLC acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter worth about $27,000. Fortitude Family Office LLC raised its holdings in Expeditors International of Washington by 76.0% in the 3rd quarter. Fortitude Family Office LLC now owns 176 shares of the transportation company’s stock valued at $32,000 after buying an additional 76 shares during the period. Hara Capital LLC purchased a new stake in Expeditors International of Washington in the 2nd quarter valued at about $33,000. Finally, Continuum Advisory LLC acquired a new position in Expeditors International of Washington in the second quarter valued at about $33,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.
Expeditors International of Washington Company Profile
Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.
Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.
Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
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