Goldman Sachs Group Begins Coverage on Expeditors International of Washington (NASDAQ:EXPD)

Goldman Sachs Group began coverage on shares of Expeditors International of Washington (NASDAQ:EXPD) in a report released on Wednesday, Benzinga reports. The firm issued a sell rating and a $70.00 price objective on the transportation company’s stock.

Several other equities analysts also recently commented on EXPD. Zacks Investment Research upgraded GALP ENERGIA SG/ADR from a sell rating to a hold rating in a research note on Monday, May 27th. ValuEngine downgraded Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. Stifel Nicolaus set a $73.00 price objective on Expeditors International of Washington and gave the company a hold rating in a research note on Monday, May 20th. BidaskClub upgraded Zogenix from a sell rating to a hold rating in a research note on Thursday, May 9th. Finally, Cowen reiterated a buy rating and issued a $149.00 price objective on shares of Intercept Pharmaceuticals in a research note on Wednesday, May 8th. Three analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Expeditors International of Washington currently has an average rating of Hold and a consensus target price of $73.29.

Expeditors International of Washington stock opened at $74.15 on Wednesday. Expeditors International of Washington has a 12 month low of $62.90 and a 12 month high of $80.69. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average price of $73.40. The stock has a market capitalization of $12.75 billion, a P/E ratio of 21.31 and a beta of 0.91.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, May 7th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.05). Expeditors International of Washington had a net margin of 7.49% and a return on equity of 31.25%. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the company posted $0.76 EPS. Expeditors International of Washington’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts anticipate that Expeditors International of Washington will post 3.45 earnings per share for the current year.

The business also recently announced a semiannual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.50 per share. The ex-dividend date was Friday, May 31st. This represents a dividend yield of 1.35%. This is an increase from Expeditors International of Washington’s previous semiannual dividend of $0.45. Expeditors International of Washington’s dividend payout ratio is currently 28.74%.

Several large investors have recently bought and sold shares of EXPD. Moody National Bank Trust Division purchased a new stake in shares of Expeditors International of Washington during the first quarter worth $25,000. Rational Advisors LLC purchased a new stake in shares of Expeditors International of Washington during the first quarter worth $30,000. CX Institutional purchased a new stake in shares of Expeditors International of Washington during the first quarter worth $50,000. Osborn Williams & Donohoe LLC purchased a new stake in shares of Expeditors International of Washington during the first quarter worth $55,000. Finally, Global Retirement Partners LLC lifted its position in shares of Expeditors International of Washington by 121.5% during the fourth quarter. Global Retirement Partners LLC now owns 970 shares of the transportation company’s stock worth $66,000 after acquiring an additional 532 shares in the last quarter. Hedge funds and other institutional investors own 92.30% of the company’s stock.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, and other logistics solutions.

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

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