Citizens Jmp Initiates Coverage on Expeditors International of Washington (NASDAQ:EXPD)

Investment analysts at Citizens Jmp assumed coverage on shares of Expeditors International of Washington (NASDAQ:EXPD) in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm set a “market perform” rating on the transportation company’s stock.

A number of other equities analysts have also recently issued reports on EXPD. Susquehanna lifted their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Stifel Nicolaus upped their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a report on Wednesday. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, UBS Group lifted their price target on Expeditors International of Washington from $175.00 to $191.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $148.56.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $181.75 on Wednesday. The stock has a market capitalization of $23.77 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington has a 1-year low of $110.48 and a 1-year high of $182.59. The company has a 50 day moving average price of $162.75 and a 200 day moving average price of $154.91.

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 return on equity of 36.16% and a net margin of 7.64%.During the same period in the previous year, the company earned $1.47 EPS. Expeditors International of Washington’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts expect that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Expeditors International of Washington

A number of large investors have recently bought and sold shares of the business. Elyxium Wealth LLC bought a new position in Expeditors International of Washington during the fourth quarter valued at about $28,000. DV Equities LLC acquired a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth about $30,000. Bard Associates Inc. bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth about $32,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Expeditors International of Washington by 132.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 131 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

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.