Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives $108.63 Average Target Price from Analysts

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have been given an average rating of “Reduce” by the seven research firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $108.63.

Several research firms have weighed in on EXPD. Bank of America started coverage on Expeditors International of Washington in a research note on Friday, March 15th. They issued a “neutral” rating and a $126.00 target price on the stock. Stifel Nicolaus increased their price target on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. lifted their price objective on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 9th. Finally, BNP Paribas downgraded shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 target price for the company. in a research note on Thursday, January 11th.

Expeditors International of Washington Stock Up 0.3 %

Shares of EXPD opened at $113.19 on Friday. Expeditors International of Washington has a 12-month low of $106.43 and a 12-month high of $131.17. The firm has a market capitalization of $16.06 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 8.35 and a beta of 0.99. The stock’s fifty day simple moving average is $118.78 and its 200-day simple moving average is $120.52.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.12). Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the company earned $1.38 EPS. The company’s revenue was down 33.8% compared to the same quarter last year. Analysts anticipate that Expeditors International of Washington will post 4.75 EPS for the current year.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the completion of the transaction, the vice president now directly owns 5,728 shares of the company’s stock, valued at $702,424.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXPD. Invesco Ltd. lifted its holdings in shares of Expeditors International of Washington by 11.2% in the third quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock valued at $311,208,000 after purchasing an additional 273,388 shares in the last quarter. First Eagle Investment Management LLC raised its stake in Expeditors International of Washington by 1.0% in the fourth quarter. First Eagle Investment Management LLC now owns 2,686,745 shares of the transportation company’s stock valued at $341,754,000 after buying an additional 25,580 shares during the period. Wellington Management Group LLP raised its stake in Expeditors International of Washington by 4.6% in the fourth quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock valued at $333,615,000 after buying an additional 115,978 shares during the period. Northern Trust Corp raised its stake in Expeditors International of Washington by 7.9% in the third quarter. Northern Trust Corp now owns 2,192,055 shares of the transportation company’s stock valued at $251,275,000 after buying an additional 159,712 shares during the period. Finally, Morgan Stanley raised its stake in Expeditors International of Washington by 5.3% in the third quarter. Morgan Stanley now owns 1,923,792 shares of the transportation company’s stock valued at $220,524,000 after buying an additional 96,787 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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, specialized cargo monitoring and tracking, and other supply chain solutions.