Brokerages Set Expeditors International of Washington, Inc. (NASDAQ:EXPD) Target Price at $153.78

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been assigned an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $153.7778.

A number of brokerages have issued reports on EXPD. JPMorgan Chase & Co. lifted their price target on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Barclays raised their price objective on Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Bank of America boosted their target price on Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st.

Expeditors International of Washington Price Performance

EXPD stock opened at $175.37 on Thursday. Expeditors International of Washington has a 1-year low of $110.48 and a 1-year high of $183.52. The company has a market capitalization of $22.94 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 5.00 and a beta of 1.04. The business has a 50 day simple moving average of $165.48 and a two-hundred day simple moving average of $156.04.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data 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 quarter in the previous year, the company earned $1.47 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Sell-side analysts anticipate that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.81 per share. This represents a dividend yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is 26.21%.

Institutional Investors Weigh In On Expeditors International of Washington

Several large investors have recently bought and sold shares of EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Expeditors International of Washington by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock worth $1,944,000 after buying an additional 623 shares during the last quarter. Jones Financial Companies Lllp grew its position in Expeditors International of Washington by 75.4% in the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after acquiring an additional 999 shares in the last quarter. Woodline Partners LP increased its stake in Expeditors International of Washington by 40.7% during the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after acquiring an additional 3,420 shares during the last quarter. Focus Partners Wealth raised its position in Expeditors International of Washington by 33.9% during the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock valued at $628,000 after purchasing an additional 1,324 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Expeditors International of Washington by 29.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock valued at $127,000 after purchasing an additional 255 shares during the last quarter. Institutional investors 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.