Expeditors International of Washington, Inc. (NASDAQ:EXPD) Given Consensus Rating of “Hold” by Analysts

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDGet Rating) have earned a consensus rating of “Hold” from the thirteen brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $113.60.

A number of brokerages have recently issued reports on EXPD. The Goldman Sachs Group cut their target price on Expeditors International of Washington from $117.00 to $101.00 in a research report on Tuesday, February 22nd. Zacks Investment Research lowered Expeditors International of Washington from a “strong-buy” rating to a “hold” rating and set a $106.00 target price on the stock. in a research report on Tuesday, April 26th. Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, April 5th. They noted that the move was a valuation call. Cowen boosted their target price on Expeditors International of Washington from $111.00 to $125.00 in a research report on Thursday, May 5th. Finally, Benchmark began coverage on Expeditors International of Washington in a research report on Wednesday, March 16th. They set a “hold” rating on the stock.

Shares of Expeditors International of Washington stock opened at $111.59 on Friday. The firm has a market cap of $18.72 billion, a price-to-earnings ratio of 12.92 and a beta of 0.85. The business has a fifty day simple moving average of $102.22 and a 200-day simple moving average of $114.39. Expeditors International of Washington has a fifty-two week low of $94.95 and a fifty-two week high of $137.80.

Expeditors International of Washington (NASDAQ:EXPDGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The transportation company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.28. The business had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.26 billion. Expeditors International of Washington had a return on equity of 42.58% and a net margin of 8.20%. The company’s revenue was up 45.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.67 earnings per share. As a group, equities research analysts expect that Expeditors International of Washington will post 7.63 EPS for the current year.

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be given a dividend of $0.67 per share. This represents a yield of 1.2%. This is a positive change from Expeditors International of Washington’s previous Semi-Annual dividend of $0.58. The ex-dividend date of this dividend is Tuesday, May 31st. Expeditors International of Washington’s payout ratio is presently 13.43%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Mascoma Wealth Management LLC purchased a new position in Expeditors International of Washington in the fourth quarter valued at about $25,000. Delos Wealth Advisors LLC bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth about $27,000. Riverview Trust Co bought a new stake in shares of Expeditors International of Washington during the 1st quarter worth about $28,000. Artemis Wealth Advisors LLC bought a new stake in shares of Expeditors International of Washington during the 1st quarter worth about $31,000. Finally, Sandy Cove Advisors LLC boosted its stake in shares of Expeditors International of Washington by 3,725.0% during the 1st quarter. Sandy Cove Advisors LLC now owns 306 shares of the transportation company’s stock worth $32,000 after acquiring an additional 298 shares in the last quarter. Hedge funds and other institutional investors own 92.14% of the company’s stock.

Expeditors International of Washington Company Profile (Get Rating)

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, specialized cargo monitoring and tracking, and other supply chain solutions.

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

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