Expeditors International of Washington (NASDAQ:EXPD) Upgraded to Strong-Buy at Stephens

Stephens upgraded shares of Expeditors International of Washington (NASDAQ:EXPD) to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

Several other brokerages also recently issued reports on EXPD. JPMorgan Chase & Co. upped their price target on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. UBS Group upped their target price on shares of 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. Barclays increased their target price on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. Susquehanna boosted their price target on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $142.22.

Expeditors International of Washington Stock Down 0.8%

Shares of EXPD stock opened at $164.38 on Wednesday. Expeditors International of Washington has a 52 week low of $110.48 and a 52 week high of $168.52. The company has a market cap of $21.50 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The firm has a 50 day moving average of $159.65 and a 200-day moving average of $153.90.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.38. 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 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.47 earnings per share. Analysts anticipate that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.81 dividend. This represents a dividend yield of 101.0%. The ex-dividend date was Monday, June 1st. Expeditors International of Washington’s payout ratio is presently 26.21%.

Institutional Trading of Expeditors International of Washington

Several institutional investors have recently added to or reduced their stakes in EXPD. Elyxium Wealth LLC purchased a new position in Expeditors International of Washington in the 4th quarter worth approximately $28,000. DV Equities LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter worth approximately $28,000. Nalls Sherbakoff Group LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter worth approximately $30,000. Bard Associates Inc. purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth $32,000. Finally, Community Bank N.A. purchased a new position in shares of Expeditors International of Washington in the third quarter worth $34,000. 94.02% of the stock is currently owned by hedge funds and other 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.