Bank of America Issues Positive Forecast for Expeditors International of Washington (NASDAQ:EXPD) Stock Price

Expeditors International of Washington (NASDAQ:EXPD) had its price target hoisted by Bank of America from $181.00 to $189.00 in a research note published on Tuesday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

A number of other equities research analysts have also issued reports on EXPD. UBS Group upped their target price on shares of Expeditors International of Washington from $175.00 to $191.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Citizens Jmp initiated coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Stifel Nicolaus increased their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $153.78.

Expeditors International of Washington Trading Up 0.5%

EXPD stock opened at $178.26 on Tuesday. The firm has a 50 day simple moving average of $164.18 and a 200-day simple moving average of $155.53. The company has a market capitalization of $23.32 billion, a P/E ratio of 31.17, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington has a twelve month low of $110.48 and a twelve month high of $183.52.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results 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 period in the previous year, the firm earned $1.47 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. On average, research analysts predict that Expeditors International of Washington will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.81 dividend. This represents a yield of 101.0%. The ex-dividend date was Monday, June 1st. Expeditors International of Washington’s payout ratio is presently 26.21%.

Institutional Trading of Expeditors International of Washington

Institutional investors and hedge funds have recently made changes to their positions in the stock. Elyxium Wealth LLC acquired a new position in Expeditors International of Washington during the 4th quarter valued at approximately $28,000. DV Equities LLC acquired a new stake in Expeditors International of Washington in the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC acquired a new stake in Expeditors International of Washington in the fourth quarter worth $30,000. Bard Associates Inc. bought a new stake in Expeditors International of Washington in the fourth quarter valued at $32,000. Finally, Geneos Wealth Management Inc. lifted its stake in Expeditors International of Washington by 132.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after buying an additional 131 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

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.