Expeditors International of Washington (NASDAQ:EXPD) Downgraded by TD Cowen to “Sell”

TD Cowen lowered shares of Expeditors International of Washington (NASDAQ:EXPD) from a hold rating to a sell rating in a research note issued to investors on Monday, MarketBeat Ratings reports. TD Cowen currently has $106.00 price objective on the transportation company’s stock, down from their previous price objective of $112.00.

A number of other research analysts also recently commented on EXPD. Robert W. Baird lifted their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Bank of America lifted their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $115.33.

Expeditors International of Washington Trading Down 0.6 %

Expeditors International of Washington stock opened at $121.08 on Monday. The company has a market cap of $17.10 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 5.51 and a beta of 0.97. Expeditors International of Washington has a 1-year low of $107.03 and a 1-year high of $131.59. The company has a fifty day simple moving average of $122.80 and a 200 day simple moving average of $120.99.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the business earned $1.30 EPS. The business’s revenue was up 8.9% on a year-over-year basis. On average, equities research analysts forecast that Expeditors International of Washington will post 5.01 EPS for the current year.

Institutional Trading of Expeditors International of Washington

Hedge funds and other institutional investors have recently bought and sold shares of the business. Crewe Advisors LLC acquired a new stake in Expeditors International of Washington in the 1st quarter worth about $25,000. Innealta Capital LLC acquired a new stake in Expeditors International of Washington in the 2nd quarter worth about $31,000. Family Firm Inc. acquired a new position in shares of Expeditors International of Washington in the 2nd quarter valued at approximately $35,000. ORG Partners LLC raised its position in shares of Expeditors International of Washington by 752.0% in the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after buying an additional 376 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Expeditors International of Washington in the 2nd quarter valued at approximately $52,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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, specialized cargo monitoring and tracking, and other supply chain solutions.