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

Zacks Research upgraded shares of Expeditors International of Washington (NASDAQ:EXPD) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks reports.

Several other research firms have also recently weighed in on EXPD. JPMorgan Chase & Co. boosted their price target on Expeditors International of Washington from $214.00 to $220.00 and gave the stock a “neutral” rating in a research note on Wednesday. UBS Group upped their price target on Expeditors International of Washington from $220.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday. BNP Paribas Exane initiated coverage on Expeditors International of Washington in a research report on Wednesday, September 30th. They set a “neutral” rating and a $180.00 price objective on the stock. TD Cowen lifted their price objective on Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, August 5th. Finally, Barclays lifted their price objective on Expeditors International of Washington from $165.00 to $175.00 and gave the stock an “underweight” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $181.27.

Expeditors International of Washington Stock Down 4.7%

Shares of NASDAQ EXPD opened at $188.41 on Wednesday. Expeditors International of Washington has a twelve month low of $129.59 and a twelve month high of $207.93. The firm has a market cap of $24.49 billion, a P/E ratio of 32.94, a PEG ratio of 5.00 and a beta of 1.08. The company has a 50 day moving average of $192.42 and a 200 day moving average of $167.76.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 3rd. The transportation company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.43. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%. During the same period in the previous year, the firm posted $1.64 EPS. Expeditors International of Washington’s revenue was up 41.9% on a year-over-year basis. As a group, equities 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 declared a dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.81 per share. This represents a dividend yield of 79.0%. The ex-dividend date of this dividend is Tuesday, December 1st. Expeditors International of Washington’s dividend payout ratio is presently 20.56%.

Institutional Trading of Expeditors International of Washington

Several large investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in Expeditors International of Washington in the 2nd quarter worth approximately $2,193,093,000. State Street Corp grew its holdings in Expeditors International of Washington by 1.5% during the 2nd quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock valued at $1,195,498,000 after buying an additional 109,798 shares in the last quarter. Bank of America Corp DE grew its holdings in Expeditors International of Washington by 0.8% during the 2nd quarter. Bank of America Corp DE now owns 2,585,934 shares of the transportation company’s stock valued at $421,456,000 after buying an additional 21,400 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Expeditors International of Washington by 2.7% during the second quarter. Baird Financial Group Inc. now owns 2,239,665 shares of the transportation company’s stock valued at $365,021,000 after buying an additional 57,823 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Expeditors International of Washington by 10.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,313 shares of the transportation company’s stock valued at $351,273,000 after buying an additional 195,351 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

More Expeditors International of Washington News

Here are the key news stories impacting Expeditors International of Washington this week:

• Positive Sentiment: UBS raised its price target to $245 from $220 and maintained a Buy rating, signaling a more bullish view of EXPD. UBS target update
• Positive Sentiment: Zacks added EXPD to its Rank #1 (Strong Buy) list. Its latest reported quarter also beat EPS expectations, with $2.65 per share versus the $2.22 consensus, while revenue grew 41.9% year over year.
• Positive Sentiment: Expeditors declared a semi-annual cash dividend of $0.81 per share, payable December 15 to shareholders of record December 1. Dividend announcement
• Neutral Sentiment: JPMorgan lifted its target to $220 from $214 but kept a Neutral rating; Truist raised its target to $200 from $175 and maintained Hold. These increases are constructive, though neither firm adopted a Buy stance. JPMorgan target update
• Negative Sentiment: Barclays raised its target to $175 from $165 but retained an Underweight rating. A separate analyst roundup described the prevailing sell-side view as Hold, while coverage also raised the question of whether EXPD is fully valued after its results—potential reasons investors may remain cautious despite the earnings beat. Valuation discussion

About Expeditors International of Washington

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.