Brokerages Set Expeditors International of Washington (EXPD) Price Target at $74.29

Shares of Expeditors International of Washington (NASDAQ:EXPD) have been given an average rating of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $73.00.

Several brokerages have recently commented on EXPD. BidaskClub raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. ValuEngine downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Stifel Nicolaus set a $77.00 price objective on Expeditors International of Washington and gave the stock a “hold” rating in a research note on Friday, February 22nd. Cowen reaffirmed 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 note on Wednesday, February 20th. Finally, Credit Suisse Group raised their price target on Expeditors International of Washington from $64.00 to $69.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 20th.

NASDAQ EXPD traded up $0.77 during trading hours on Friday, hitting $73.60. The company had a trading volume of 709,221 shares, compared to its average volume of 1,072,001. Expeditors International of Washington has a fifty-two week low of $62.90 and a fifty-two week high of $80.69. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.22 and a quick ratio of 2.22. The firm has a market capitalization of $12.41 billion, a PE ratio of 21.15 and a beta of 0.82.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, May 7th. The transportation company reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.05). Expeditors International of Washington had a return on equity of 31.25% and a net margin of 7.49%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the business earned $0.76 earnings per share. Expeditors International of Washington’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts expect that Expeditors International of Washington will post 3.53 earnings per share for the current fiscal year.

The firm also recently announced a semiannual dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.50 dividend. The ex-dividend date is Friday, May 31st. This represents a yield of 1.35%. This is a positive change from Expeditors International of Washington’s previous semiannual dividend of $0.45. Expeditors International of Washington’s dividend payout ratio (DPR) is 25.86%.

In other news, insider Daniel R. Wall sold 9,109 shares of Expeditors International of Washington stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $75.25, for a total transaction of $685,452.25. Following the sale, the insider now owns 40,079 shares of the company’s stock, valued at approximately $3,015,944.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher J. Mcclincy sold 1,960 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $77.09, for a total value of $151,096.40. Following the sale, the vice president now directly owns 12,848 shares in the company, valued at approximately $990,452.32. The disclosure for this sale can be found here. Insiders sold a total of 26,183 shares of company stock worth $1,972,217 in the last ninety days. Insiders own 1.20% of the company’s stock.

Several large investors have recently made changes to their positions in EXPD. Jefferies Group LLC lifted its position in shares of Expeditors International of Washington by 49.3% during the 1st quarter. Jefferies Group LLC now owns 36,609 shares of the transportation company’s stock worth $2,779,000 after buying an additional 12,087 shares during the period. ExodusPoint Capital Management LP bought a new position in shares of Expeditors International of Washington during the 1st quarter worth approximately $1,311,000. Oxford Asset Management LLP bought a new position in shares of Expeditors International of Washington during the 1st quarter worth approximately $2,127,000. Utah Retirement Systems lifted its position in shares of Expeditors International of Washington by 0.5% during the 1st quarter. Utah Retirement Systems now owns 32,500 shares of the transportation company’s stock worth $2,467,000 after buying an additional 153 shares during the period. Finally, National Pension Service lifted its position in shares of Expeditors International of Washington by 4.2% during the 1st quarter. National Pension Service now owns 239,009 shares of the transportation company’s stock worth $18,141,000 after buying an additional 9,601 shares during the period. 94.19% of the stock is currently owned by institutional investors.

About Expeditors International of Washington

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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