Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives $138.80 Average Price Target from Analysts

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have received an average rating of “Hold” from the eleven brokerages that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $140.4444.

EXPD has been the topic of a number of recent analyst reports. UBS Group increased their target price on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. boosted their price target on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Barclays lifted their target price on Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th.

Institutional Investors Weigh In On Expeditors International of Washington

Large investors have recently modified their holdings of the company. Pacer Advisors Inc. raised its position in Expeditors International of Washington by 12.0% in the 1st quarter. Pacer Advisors Inc. now owns 405,100 shares of the transportation company’s stock valued at $58,022,000 after purchasing an additional 43,422 shares during the last quarter. Empowered Funds LLC grew its position in Expeditors International of Washington by 142.2% during the 1st quarter. Empowered Funds LLC now owns 55,922 shares of the transportation company’s stock worth $8,010,000 after purchasing an additional 32,829 shares during the last quarter. DV Trading LLC acquired a new position in Expeditors International of Washington in the first quarter valued at $215,000. Wellington Grp LLC increased its stake in Expeditors International of Washington by 9.8% in the first quarter. Wellington Grp LLC now owns 6,404 shares of the transportation company’s stock valued at $917,000 after purchasing an additional 569 shares during the period. Finally, Edgestream Partners L.P. raised its holdings in shares of Expeditors International of Washington by 348.8% in the first quarter. Edgestream Partners L.P. now owns 14,371 shares of the transportation company’s stock valued at $2,058,000 after buying an additional 11,169 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Down 0.1%

EXPD stock opened at $167.43 on Friday. The business has a 50 day moving average price of $158.65 and a 200 day moving average price of $153.57. The stock has a market cap of $21.90 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington has a fifty-two week low of $110.48 and a fifty-two week high of $168.52.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same period last year, the company earned $1.47 EPS. Expeditors International of Washington’s revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Expeditors International of Washington will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s payout ratio is 26.21%.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.