Expeditors International of Washington (EXPD) Downgraded by BidaskClub

BidaskClub lowered shares of Expeditors International of Washington (NASDAQ:EXPD) from a sell rating to a strong sell rating in a research note released on Saturday morning.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Expeditors International of Washington from a hold rating to a buy rating and set a $68.00 price objective for the company in a research report on Thursday, November 9th. Cowen increased their price objective on shares of Expeditors International of Washington from $54.00 to $58.00 and gave the stock a market perform rating in a research report on Wednesday, November 8th. Goldman Sachs Group started coverage on shares of Expeditors International of Washington in a research report on Monday, November 13th. They set a neutral rating and a $59.00 price objective for the company. Barclays increased their price objective on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the stock an overweight rating in a research report on Monday, October 2nd. Finally, UBS Group increased their price objective on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the stock a sell rating in a research report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $60.25.

Shares of Expeditors International of Washington (NASDAQ EXPD) opened at $66.05 on Friday. Expeditors International of Washington has a one year low of $51.57 and a one year high of $66.30. The firm has a market cap of $11,740.00, a P/E ratio of 27.75, a PEG ratio of 3.14 and a beta of 0.72.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.06. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the company posted $0.59 EPS. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. analysts anticipate that Expeditors International of Washington will post 2.41 earnings per share for the current year.

The business also recently disclosed a semiannual dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.42 per share. The ex-dividend date was Thursday, November 30th. This represents a dividend yield of 1.4%. Expeditors International of Washington’s payout ratio is currently 35.29%.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total value of $620,247.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.78% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. First Allied Advisory Services Inc. boosted its position in Expeditors International of Washington by 0.7% in the 2nd quarter. First Allied Advisory Services Inc. now owns 13,299 shares of the transportation company’s stock valued at $752,000 after buying an additional 97 shares during the period. Sentry Investment Management LLC boosted its position in Expeditors International of Washington by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 11,578 shares of the transportation company’s stock valued at $654,000 after buying an additional 116 shares during the period. Pacer Advisors Inc. boosted its position in Expeditors International of Washington by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 3,747 shares of the transportation company’s stock valued at $212,000 after buying an additional 286 shares during the period. Thrivent Financial For Lutherans boosted its position in Expeditors International of Washington by 5.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 7,274 shares of the transportation company’s stock valued at $411,000 after buying an additional 404 shares during the period. Finally, HighTower Advisors LLC boosted its position in Expeditors International of Washington by 0.5% in the 2nd quarter. HighTower Advisors LLC now owns 82,228 shares of the transportation company’s stock valued at $4,663,000 after buying an additional 416 shares during the period. 93.56% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Expeditors International of Washington (EXPD) Downgraded by BidaskClub” was originally posted by Markets Daily and is owned by of Markets Daily. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.themarketsdaily.com/2018/01/10/expeditors-international-of-washington-expd-downgraded-by-bidaskclub.html.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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

Receive News & Ratings for Expeditors International of Washington Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply