Expeditors International of Washington (NASDAQ:EXPD) Raised to Hold at Wolfe Research

Expeditors International of Washington (NASDAQ:EXPD) was upgraded by analysts at Wolfe Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other brokerages also recently issued reports on EXPD. Susquehanna decreased their price target on shares of Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and increased their price objective for the company from $138.00 to $166.00 in a research report on Monday, November 17th. Bank of America upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. JPMorgan Chase & Co. lowered their target price on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research note on Monday, January 12th. Finally, Stifel Nicolaus increased their target price on Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of “Reduce” and a consensus target price of $134.30.

Expeditors International of Washington Stock Performance

EXPD stock opened at $141.18 on Monday. Expeditors International of Washington has a one year low of $100.47 and a one year high of $167.19. The firm has a market cap of $18.85 billion, a PE ratio of 24.68, a PEG ratio of 5.00 and a beta of 1.15. The firm’s 50 day moving average price is $154.65 and its 200-day moving average price is $140.01.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. 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 posted $1.68 EPS. The business’s revenue was down 3.3% compared to the same quarter last year. Equities research analysts predict that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Institutional Trading of Expeditors International of Washington

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

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.