Expeditors International of Washington (EXPD) Receives Hold Rating from Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Expeditors International of Washington (NASDAQ:EXPD) in a report published on Thursday. The firm currently has a $68.00 price target on the transportation company’s stock.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised Expeditors International of Washington from a hold rating to a buy rating and set a $68.00 price objective for the company in a research report on Thursday, November 9th. Barclays reissued a buy rating and set a $70.00 price objective on shares of Expeditors International of Washington in a research report on Tuesday, January 9th. Cowen boosted their price objective on Expeditors International of Washington from $54.00 to $58.00 and gave the stock a market perform rating in a research report on Wednesday, November 8th. Goldman Sachs Group initiated coverage on Expeditors International of Washington in a research report on Monday, November 13th. They set a neutral rating and a $59.00 price objective for the company. Finally, UBS Group boosted their price objective on Expeditors International of Washington from $48.00 to $56.00 and gave the stock a sell rating in a research report on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Expeditors International of Washington has an average rating of Hold and an average price target of $63.88.

Expeditors International of Washington (EXPD) traded up $0.31 during midday trading on Thursday, hitting $66.40. The company had a trading volume of 916,997 shares, compared to its average volume of 727,337. Expeditors International of Washington has a fifty-two week low of $51.57 and a fifty-two week high of $66.83. The firm has a market cap of $11,744.38, a PE ratio of 27.78, a PEG ratio of 3.11 and a beta of 0.72.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.06. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the firm earned $0.59 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. equities analysts anticipate that Expeditors International of Washington will post 2.41 EPS for the current year.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total value of $620,247.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.78% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Expeditors International of Washington by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock valued at $1,112,904,000 after acquiring an additional 532,318 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Expeditors International of Washington by 24,524.1% in the 2nd quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock worth $270,366,000 after buying an additional 4,767,490 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Expeditors International of Washington by 21.8% in the 3rd quarter. Commonwealth Bank of Australia now owns 3,489,743 shares of the transportation company’s stock worth $208,580,000 after buying an additional 624,542 shares in the last quarter. APG Asset Management N.V. raised its holdings in shares of Expeditors International of Washington by 115.2% in the 3rd quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock worth $85,750,000 after buying an additional 766,900 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of Expeditors International of Washington by 13.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,318,071 shares of the transportation company’s stock worth $74,445,000 after buying an additional 158,664 shares in the last quarter. 93.65% of the stock is owned by hedge funds and other institutional investors.

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About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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

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