Expeditors International of Washington (NASDAQ:EXPD) has been assigned an average recommendation of “Hold” from the eight research firms that are covering the stock. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $57.25.
Several research firms have weighed in on EXPD. Zacks Investment Research downgraded Expeditors International of Washington from a “hold” rating to a “sell” rating in a research note on Wednesday, February 22nd. Credit Suisse Group AG restated a “sell” rating and issued a $52.00 target price on shares of Expeditors International of Washington in a research note on Wednesday, February 22nd. Cowen and Company restated a “market perform” rating and issued a $57.00 target price (up previously from $49.00) on shares of Expeditors International of Washington in a research note on Wednesday, February 22nd. Vertical Research restated a “hold” rating and issued a $63.00 target price on shares of Expeditors International of Washington in a research note on Thursday, April 13th. Finally, Wells Fargo & Co started coverage on Expeditors International of Washington in a research note on Monday, March 13th. They issued a “market perform” rating on the stock.
Expeditors International of Washington (NASDAQ:EXPD) traded up 0.52% during midday trading on Tuesday, hitting $56.50. The company had a trading volume of 1,799,164 shares. The stock has a market capitalization of $10.18 billion, a PE ratio of 23.94 and a beta of 0.64. The stock has a 50 day moving average price of $56.14 and a 200-day moving average price of $53.80. Expeditors International of Washington has a 52 week low of $46.48 and a 52 week high of $57.35.
In other Expeditors International of Washington news, VP Christopher J. Mcclincy sold 1,274 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $56.62, for a total transaction of $72,133.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eugene K. Alger sold 3,750 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $56.05, for a total value of $210,187.50. The disclosure for this sale can be found here. Insiders have sold 41,635 shares of company stock worth $2,339,698 in the last quarter. 0.86% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Farmers & Merchants Investments Inc. boosted its position in shares of Expeditors International of Washington by 0.9% in the third quarter. Farmers & Merchants Investments Inc. now owns 77,150 shares of the transportation company’s stock worth $3,975,000 after buying an additional 703 shares during the last quarter. CWM LLC boosted its position in shares of Expeditors International of Washington by 19.1% in the third quarter. CWM LLC now owns 394,706 shares of the transportation company’s stock worth $20,335,000 after buying an additional 63,412 shares during the last quarter. National Pension Service boosted its position in shares of Expeditors International of Washington by 9.3% in the third quarter. National Pension Service now owns 167,886 shares of the transportation company’s stock worth $8,649,000 after buying an additional 14,307 shares during the last quarter. Private Bank & Trust Co. boosted its stake in Expeditors International of Washington by 0.7% in the third quarter. Private Bank & Trust Co. now owns 15,366 shares of the transportation company’s stock valued at $792,000 after buying an additional 100 shares in the last quarter. Finally, MSI Financial Services Inc boosted its stake in Expeditors International of Washington by 0.6% in the third quarter. MSI Financial Services Inc now owns 2,820 shares of the transportation company’s stock valued at $145,000 after buying an additional 18 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.
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About Expeditors International of Washington
Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.
