Expeditors International of Washington (NASDAQ:EXPD) was upgraded by equities researchers at Thomson Reuters/Verus from a “sell” rating to a “hold” rating in a research report issued on Monday, Analyst Ratings Network reports.
Expeditors International of Washington (NASDAQ:EXPD) traded up 0.17% on Monday, hitting $42.49. The stock had a trading volume of 572,162 shares. Expeditors International of Washington has a one year low of $34.83 and a one year high of $46.90. The stock’s 50-day moving average is $44.13 and its 200-day moving average is $40.80. The company has a market cap of $8.730 billion and a P/E ratio of 25.25.
Expeditors International of Washington (NASDAQ:EXPD) last released its earnings data on Tuesday, November 5th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.49 by $0.04. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. Analysts expect that Expeditors International of Washington will post $1.75 EPS for the current fiscal year.
The company also recently declared a semiannual dividend, which is scheduled for Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.30 per share. This represents a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, November 27th.
A number of other analysts have also recently weighed in on EXPD. Analysts at Goldman Sachs Group Inc. downgraded shares of Expeditors International of Washington from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, November 6th. They now have a $45.00 price target on the stock, down previously from $49.00. Analysts at Zacks reiterated a “neutral” rating on shares of Expeditors International of Washington in a research note to investors on Wednesday, October 16th. They now have a $45.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Expeditors International of Washington has a consensus rating of “Buy” and a consensus price target of $42.33.
Expeditors International of Washington, Inc is engaged in the business of providing global logistics services.
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