Expeditors International of Washington (NASDAQ:EXPD) Earns Market Perform Rating from Analysts at Citizens Jmp

Equities research analysts at Citizens Jmp started coverage on shares of Expeditors International of Washington (NASDAQ:EXPD) in a report released on Wednesday. The brokerage set a “market perform” rating on the transportation company’s stock.

Several other equities analysts have also recently weighed in on the stock. Barclays raised their target price on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Susquehanna raised their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $148.56.

Expeditors International of Washington Price Performance

EXPD stock opened at $178.20 on Wednesday. Expeditors International of Washington has a 1-year low of $110.48 and a 1-year high of $178.64. The business has a 50 day simple moving average of $161.62 and a two-hundred day simple moving average of $154.52. The company has a market capitalization of $23.31 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (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 quarter in the previous year, the company earned $1.47 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Sell-side analysts anticipate that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Expeditors International of Washington

A number of institutional investors and hedge funds have recently made changes to their positions in EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Expeditors International of Washington by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock worth $1,944,000 after buying an additional 623 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Expeditors International of Washington by 75.4% in the 1st quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock valued at $279,000 after acquiring an additional 999 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Expeditors International of Washington by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock valued at $1,422,000 after acquiring an additional 3,420 shares during the last quarter. Focus Partners Wealth grew its position in Expeditors International of Washington by 33.9% in the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after acquiring an additional 1,324 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Expeditors International of Washington by 29.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock worth $127,000 after acquiring an additional 255 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

About Expeditors International of Washington

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.