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

by · The Markets Daily

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Free Report) have earned an average rating of “Hold” from the twelve analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $137.30.

A number of analysts have recently weighed in on EXPD shares. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. UBS Group increased their target price on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Susquehanna increased their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. increased their target price on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Finally, Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th.

Read Our Latest Stock Report on EXPD

Institutional Trading of Expeditors International of Washington

Institutional investors and hedge funds have recently bought and sold shares of the stock. Elyxium Wealth LLC purchased a new stake in Expeditors International of Washington in the fourth quarter worth about $28,000. DV Equities LLC purchased a new stake in Expeditors International of Washington in the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC purchased a new stake in Expeditors International of Washington in the fourth quarter worth about $30,000. Bard Associates Inc. purchased a new stake in Expeditors International of Washington in the fourth quarter worth about $32,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Expeditors International of Washington by 132.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after buying an additional 131 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Down 1.3%

Expeditors International of Washington stock opened at $157.88 on Wednesday. The firm has a 50-day moving average of $150.02 and a 200-day moving average of $150.71. The firm has a market cap of $20.65 billion, a P/E ratio of 27.60, a P/E/G ratio of 5.00 and a beta of 1.05. Expeditors International of Washington has a 1-year low of $110.08 and a 1-year high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last posted its 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%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $1.47 earnings per share. Research analysts forecast that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.81 dividend. The ex-dividend date is Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is 26.21%.

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.

See Also