Expeditors International of Washington (EXPD) Rating Increased to Hold at BidaskClub

Expeditors International of Washington (NASDAQ:EXPD) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Other analysts have also issued research reports about the company. Zacks Investment Research lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Deutsche Bank began coverage on Expeditors International of Washington in a report on Tuesday, September 4th. They set a “hold” rating and a $71.00 price target for the company. Stifel Nicolaus set a $73.00 price target on Expeditors International of Washington and gave the company a “hold” rating in a report on Wednesday, August 8th. Credit Suisse Group cut their price target on Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating for the company in a report on Wednesday, August 8th. Finally, Cowen reissued a “market perform” rating and set a $73.00 price target (up previously from $70.00) on shares of Expeditors International of Washington in a report on Tuesday, August 7th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $67.50.

Shares of EXPD traded down $0.58 during trading hours on Thursday, hitting $72.78. The stock had a trading volume of 1,575,900 shares, compared to its average volume of 1,247,321. Expeditors International of Washington has a 12 month low of $58.66 and a 12 month high of $78.16. The firm has a market capitalization of $12.45 billion, a P/E ratio of 29.35, a PEG ratio of 2.84 and a beta of 0.74.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 6th. The transportation company reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.14. Expeditors International of Washington had a return on equity of 28.98% and a net margin of 7.76%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. Expeditors International of Washington’s revenue was up 16.0% compared to the same quarter last year. On average, research analysts anticipate that Expeditors International of Washington will post 3.14 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tyers Asset Management LLC boosted its stake in shares of Expeditors International of Washington by 91.0% in the second quarter. Tyers Asset Management LLC now owns 18,976 shares of the transportation company’s stock worth $1,387,000 after acquiring an additional 9,040 shares during the period. Boston Partners lifted its position in shares of Expeditors International of Washington by 9.6% in the second quarter. Boston Partners now owns 53,899 shares of the transportation company’s stock worth $3,940,000 after buying an additional 4,699 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Expeditors International of Washington by 70.7% in the second quarter. Parallel Advisors LLC now owns 2,332 shares of the transportation company’s stock worth $170,000 after buying an additional 966 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Expeditors International of Washington by 102.4% in the second quarter. SG Americas Securities LLC now owns 22,137 shares of the transportation company’s stock worth $1,618,000 after buying an additional 11,198 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its position in shares of Expeditors International of Washington by 6.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 35,174 shares of the transportation company’s stock worth $2,571,000 after buying an additional 2,201 shares in the last quarter. 93.96% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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Analyst Recommendations for Expeditors International of Washington (NASDAQ:EXPD)

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