Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives $137.30 Average PT from Analysts

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has received an average rating of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $137.30.

A number of research firms have recently commented on EXPD. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. UBS Group increased their target price on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Truist Financial cut their price target on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, February 25th. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Susquehanna increased their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th.

Expeditors International of Washington Stock Up 1.5%

EXPD opened at $165.83 on Wednesday. Expeditors International of Washington has a 12 month low of $110.48 and a 12 month high of $167.19. The company has a fifty day simple moving average of $152.24 and a 200 day simple moving average of $151.61. The stock has a market cap of $21.69 billion, a P/E ratio of 28.99, a P/E/G ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter last year, the firm earned $1.47 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts expect that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.81 per share. This represents a yield of 101.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is 26.21%.

Institutional Trading of Expeditors International of Washington

A number of institutional investors have recently modified their holdings of EXPD. Elyxium Wealth LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter worth about $28,000. DV Equities LLC acquired a new position in Expeditors International of Washington during the 4th quarter worth approximately $28,000. Nalls Sherbakoff Group LLC acquired a new position in Expeditors International of Washington during the 4th quarter worth approximately $30,000. Bard Associates Inc. bought a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $32,000. Finally, Community Bank N.A. bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $34,000. 94.02% of the stock is currently owned by institutional investors.

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.