Expeditors International of Washington (NASDAQ:EXPD) Rating Lowered to Strong Sell at BidaskClub

BidaskClub lowered shares of Expeditors International of Washington (NASDAQ:EXPD) from a sell rating to a strong sell rating in a research note published on Saturday, January 6th.

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

Expeditors International of Washington (NASDAQ:EXPD) traded up $0.34 during mid-day trading on Friday, reaching $66.73. The company’s stock had a trading volume of 585,335 shares, compared to its average volume of 1,100,000. The company has a market capitalization of $11,860.00, a PE ratio of 28.04, a price-to-earnings-growth ratio of 3.12 and a beta of 0.72. Expeditors International of Washington has a 12 month low of $51.57 and a 12 month high of $66.83.

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

The business also recently declared a semiannual dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.42 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a yield of 1.4%. Expeditors International of Washington’s dividend 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 dated Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total transaction of $620,247.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.78% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Canada Pension Plan Investment Board boosted its position in Expeditors International of Washington by 10,555.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock worth $115,000 after acquiring an additional 1,900 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Expeditors International of Washington by 22.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after buying an additional 471 shares during the last quarter. Merriman Wealth Management LLC acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at about $208,000. Virtu Financial LLC acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at about $212,000. Finally, Sigma Planning Corp acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at about $216,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.

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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)

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