Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives Average Rating of “Reduce” from Brokerages

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been given a consensus recommendation of “Reduce” by the eleven brokerages that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $134.10.

Several brokerages have recently weighed in on EXPD. Morgan Stanley raised their target price on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research note on Monday, December 8th. Stifel Nicolaus upped their target price on Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Truist Financial lifted their price target on shares of Expeditors International of Washington from $130.00 to $160.00 and gave the stock a “hold” rating in a research note on Thursday, January 15th. Bank of America upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research note on Friday, January 9th. Finally, Barclays raised their price objective on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, January 15th.

Hedge Funds Weigh In On Expeditors International of Washington

Several hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC lifted its holdings in shares of Expeditors International of Washington by 2.1% in the fourth quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock valued at $514,000 after buying an additional 71 shares during the period. RIA Advisory Group LLC raised its position in Expeditors International of Washington by 2.7% during the third quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock valued at $364,000 after buying an additional 78 shares during the period. Rossby Financial LCC lifted its position in shares of Expeditors International of Washington by 9.3% in the fourth quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock worth $140,000 after purchasing an additional 80 shares in the last quarter. Claro Advisors Inc. boosted its stake in shares of Expeditors International of Washington by 5.0% during the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after buying an additional 83 shares during the period. Finally, HighPoint Advisor Group LLC increased its stake in shares of Expeditors International of Washington by 4.2% in the third quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock worth $256,000 after acquiring an additional 84 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 3.8%

NASDAQ EXPD opened at $156.42 on Monday. The stock has a market cap of $20.96 billion, a P/E ratio of 27.35, a PEG ratio of 5.00 and a beta of 1.13. The company’s fifty day simple moving average is $156.18 and its 200-day simple moving average is $137.86. Expeditors International of Washington has a 52 week low of $100.47 and a 52 week high of $167.19.

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.