Expeditors International of Washington (NASDAQ:EXPD) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of Expeditors International of Washington (NASDAQ:EXPD) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks reports.

Several other analysts also recently commented on the stock. TD Cowen upped their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, August 5th. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Barclays upped their price target on shares of Expeditors International of Washington from $160.00 to $165.00 and gave the company an “underweight” rating in a report on Tuesday, September 29th. Truist Financial lifted their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Finally, UBS Group boosted their price objective on Expeditors International of Washington from $210.00 to $220.00 and gave the company a “buy” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and an average target price of $175.27.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $191.76 on Monday. Expeditors International of Washington has a fifty-two week low of $112.94 and a fifty-two week high of $195.32. The firm has a market capitalization of $24.93 billion, a PE ratio of 33.52, a P/E/G ratio of 5.00 and a beta of 1.07. The stock’s 50-day simple moving average is $186.03 and its 200-day simple moving average is $167.74.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter in the prior year, the business earned $1.34 earnings per share. Expeditors International of Washington’s quarterly revenue was up 32.1% on a year-over-year basis. Sell-side analysts forecast that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXPD. Nalls Sherbakoff Group LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $30,000. Hara Capital LLC acquired a new position in shares of Expeditors International of Washington during the 2nd quarter worth approximately $33,000. Continuum Advisory LLC acquired a new position in shares of Expeditors International of Washington during the 2nd quarter worth approximately $33,000. Bard Associates Inc. purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at approximately $32,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at $53,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a global logistics company that helps businesses move and manage goods across international supply chains. Its services include air and ocean freight forwarding, customs brokerage, cargo consolidation, warehousing, distribution, order management and other transportation-related solutions.

Founded in 1979 and headquartered in Seattle, Washington, Expeditors serves manufacturers, retailers, distributors and other customers through a worldwide network of offices and logistics facilities.