Analysts Set Expeditors International of Washington (EXPD) Target Price at $74.57

Expeditors International of Washington (NASDAQ:EXPD) has received a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $74.57.

A number of research firms recently commented on EXPD. ValuEngine raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. Stifel Nicolaus set a $77.00 target price on Expeditors International of Washington and gave the company a “hold” rating in a research note on Friday, February 22nd. BidaskClub upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Credit Suisse Group upped their price target on shares of Expeditors International of Washington from $64.00 to $69.00 and gave the company an “underperform” rating in a research report on Wednesday, February 20th. Finally, Cowen restated a “market perform” rating and set a $78.00 price target (up from $75.00) on shares of Expeditors International of Washington in a research report on Wednesday, February 20th.

Shares of Expeditors International of Washington stock traded down $1.77 during trading on Thursday, hitting $74.12. The stock had a trading volume of 884,238 shares, compared to its average volume of 1,038,651. The stock has a market cap of $12.72 billion, a P/E ratio of 21.30, a PEG ratio of 2.61 and a beta of 0.82. Expeditors International of Washington has a 12 month low of $60.80 and a 12 month high of $78.16.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, February 19th. The transportation company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.17. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Expeditors International of Washington had a return on equity of 31.62% and a net margin of 7.60%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 earnings per share. As a group, equities research analysts forecast that Expeditors International of Washington will post 3.55 EPS for the current year.

In other news, insider Philip M. Coughlin sold 2,725 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $74.97, for a total transaction of $204,293.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard H. Rostan sold 4,596 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $75.37, for a total transaction of $346,400.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,183 shares of company stock valued at $1,972,217. Company insiders own 0.99% of the company’s stock.

Several institutional investors have recently bought and sold shares of EXPD. Oregon Public Employees Retirement Fund boosted its holdings in shares of Expeditors International of Washington by 6,357.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,886,607 shares of the transportation company’s stock worth $42,000 after purchasing an additional 2,841,903 shares during the period. Norges Bank purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $114,445,000. Commonwealth Bank of Australia boosted its holdings in shares of Expeditors International of Washington by 13.9% during the fourth quarter. Commonwealth Bank of Australia now owns 4,183,382 shares of the transportation company’s stock worth $284,830,000 after purchasing an additional 510,958 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Expeditors International of Washington by 16.4% during the third quarter. Bank of New York Mellon Corp now owns 2,615,897 shares of the transportation company’s stock worth $192,347,000 after purchasing an additional 369,220 shares during the period. Finally, Vanguard Group Inc boosted its holdings in shares of Expeditors International of Washington by 1.7% during the third quarter. Vanguard Group Inc now owns 20,535,471 shares of the transportation company’s stock worth $1,509,974,000 after purchasing an additional 336,122 shares during the period. Institutional investors own 92.82% of the company’s stock.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, and other logistics solutions.

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Analyst Recommendations for Expeditors International of Washington (NASDAQ:EXPD)

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