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

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been assigned a consensus rating of “Hold” from the thirteen research firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $168.7778.

EXPD has been the subject of a number of research analyst reports. Bank of America lifted their price target on Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. upgraded Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price for the company in a research note on Wednesday, August 5th. Stifel Nicolaus boosted their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. UBS Group increased their price target on Expeditors International of Washington from $191.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th.

Expeditors International of Washington Trading Up 0.0%

Shares of EXPD opened at $187.83 on Monday. The company’s fifty day simple moving average is $173.01 and its 200 day simple moving average is $158.72. Expeditors International of Washington has a 1-year low of $112.94 and a 1-year high of $189.99. The company has a market cap of $24.42 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates 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%. The company’s revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 earnings per share. As a group, research analysts forecast that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Institutional Trading of Expeditors International of Washington

Hedge funds and other institutional investors have recently modified their holdings of the stock. Elyxium Wealth LLC bought a new position in Expeditors International of Washington in the 4th quarter valued at about $28,000. DV Equities LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth approximately $28,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $30,000. Bard Associates Inc. bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $32,000. Finally, Hara Capital LLC acquired a new position in shares of Expeditors International of Washington in the second quarter valued at approximately $33,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

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.