Expeditors International of Washington (NASDAQ:EXPD) Upgraded by BidaskClub to Sell

BidaskClub upgraded shares of Expeditors International of Washington (NASDAQ:EXPD) from a strong sell rating to a sell rating in a report published on Friday morning, BidAskClub reports.

A number of other analysts have also issued reports on EXPD. Robert W. Baird lifted their price target on Expeditors International of Washington from $77.00 to $78.00 and gave the stock a neutral rating in a research note on Wednesday, November 6th. Zacks Investment Research lowered Expeditors International of Washington from a hold rating to a sell rating and set a $78.00 price target on the stock. in a research note on Tuesday, December 3rd. Barclays lowered Expeditors International of Washington from an overweight rating to an equal weight rating and lowered their price target for the stock from $78.00 to $72.00 in a research note on Wednesday, October 2nd. They noted that the move was a valuation call. Cowen reiterated a hold rating and set a $78.00 price objective on shares of Expeditors International of Washington in a research report on Tuesday, November 5th. Finally, Morgan Stanley lifted their price objective on Expeditors International of Washington from $61.00 to $62.00 and gave the stock an equal weight rating in a research report on Monday, January 6th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $73.30.

Shares of NASDAQ:EXPD opened at $76.82 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.34 and a quick ratio of 2.34. The business’s 50 day moving average price is $76.53 and its 200-day moving average price is $74.47. The firm has a market capitalization of $13.08 billion, a PE ratio of 21.22 and a beta of 0.92. Expeditors International of Washington has a 1 year low of $67.03 and a 1 year high of $81.64.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 5th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.01. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.15 billion. Expeditors International of Washington had a return on equity of 30.20% and a net margin of 7.56%. The business’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share. As a group, analysts expect that Expeditors International of Washington will post 3.54 earnings per share for the current year.

In other Expeditors International of Washington news, insider Philip M. Coughlin sold 185,686 shares of Expeditors International of Washington stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $76.74, for a total value of $14,249,543.64. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Bradley S. Powell sold 17,364 shares of Expeditors International of Washington stock in a transaction on Monday, November 25th. The shares were sold at an average price of $76.15, for a total value of $1,322,268.60. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

A number of large investors have recently bought and sold shares of EXPD. First Trust Advisors LP raised its position in Expeditors International of Washington by 206.7% in the third quarter. First Trust Advisors LP now owns 918,589 shares of the transportation company’s stock valued at $68,242,000 after purchasing an additional 619,057 shares during the period. BlackRock Inc. raised its position in Expeditors International of Washington by 3.7% in the second quarter. BlackRock Inc. now owns 15,364,822 shares of the transportation company’s stock valued at $1,165,576,000 after purchasing an additional 546,889 shares during the period. Amundi Pioneer Asset Management Inc. raised its position in Expeditors International of Washington by 215.4% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 793,916 shares of the transportation company’s stock valued at $438,782,000 after purchasing an additional 542,178 shares during the period. Nuveen Asset Management LLC raised its position in Expeditors International of Washington by 11,831.9% in the second quarter. Nuveen Asset Management LLC now owns 454,605 shares of the transportation company’s stock valued at $34,487,000 after purchasing an additional 450,795 shares during the period. Finally, Invesco Ltd. raised its position in Expeditors International of Washington by 29.3% in the second quarter. Invesco Ltd. now owns 1,688,678 shares of the transportation company’s stock valued at $128,105,000 after purchasing an additional 382,184 shares during the period. Institutional investors own 91.69% of the company’s stock.

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, including 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, temperature-controlled transit, cargo insurance, and other logistics solutions.

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

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