Brokerages Set Expeditors International of Washington, Inc. (NASDAQ:EXPD) Target Price at $134.30

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have received a consensus recommendation of “Reduce” from the twelve brokerages that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $134.30.

Several equities analysts recently commented on the stock. Truist Financial dropped their price target on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, February 25th. Zacks Research cut shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Stifel Nicolaus increased their target price on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Susquehanna reduced their target price on Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. lowered their price target on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research report on Monday, January 12th.

Expeditors International of Washington Stock Down 0.7%

EXPD stock opened at $146.23 on Friday. The stock has a market capitalization of $19.52 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15. Expeditors International of Washington has a 52-week low of $100.47 and a 52-week high of $167.19. The stock’s fifty day simple moving average is $152.93 and its 200-day simple moving average is $141.29.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, February 24th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.Expeditors International of Washington’s revenue was down 3.3% on a year-over-year basis. During the same period last year, the company earned $1.68 earnings per share. As a group, analysts anticipate that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Expeditors International of Washington

Several large investors have recently made changes to their positions in EXPD. Signaturefd LLC lifted its holdings 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 valued at $514,000 after acquiring an additional 71 shares in the last quarter. RIA Advisory Group LLC grew its stake in shares of Expeditors International of Washington by 2.7% in 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 in the last quarter. Rossby Financial LCC lifted its position in Expeditors International of Washington by 9.3% during the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock worth $140,000 after acquiring an additional 80 shares in the last quarter. Claro Advisors Inc. boosted its holdings in Expeditors International of Washington by 5.0% in the 4th 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 period. Finally, HighPoint Advisor Group LLC grew its position in 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 valued at $256,000 after acquiring an additional 84 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

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.