Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stock Has Average Price Target of $175.27

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been assigned a consensus rating of “Hold” from the fifteen brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $181.27.

A number of analysts have recently weighed in on the company. Barclays raised their target price on Expeditors International of Washington from $165.00 to $175.00 and gave the company an “underweight” rating in a research note on Wednesday. Citizens Jmp assumed coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Bank of America increased their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. raised their target price on Expeditors International of Washington from $214.00 to $220.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Truist Financial raised their price target on Expeditors International of Washington from $175.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday.

Institutional Investors Weigh In On Expeditors International of Washington

Several large investors have recently modified their holdings of the stock. Compass Wealth Management LLC acquired a new stake in shares of Expeditors International of Washington during the third quarter worth $27,000. Latitude Advisors LLC bought a new stake in shares of Expeditors International of Washington during the third quarter valued at approximately $27,000. Fortitude Family Office LLC boosted its stake in Expeditors International of Washington by 76.0% in the 3rd quarter. Fortitude Family Office LLC now owns 176 shares of the transportation company’s stock worth $32,000 after purchasing an additional 76 shares during the period. Hara Capital LLC bought a new stake in shares of Expeditors International of Washington in the second quarter valued at about $33,000. Finally, Continuum Advisory LLC purchased a new stake in Expeditors International of Washington in the 2nd quarter worth approximately $33,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $184.41 on Friday. The business has a 50-day simple moving average of $192.30 and a two-hundred day simple moving average of $167.88. The firm has a market cap of $23.97 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 5.00 and a beta of 1.08. Expeditors International of Washington has a fifty-two week low of $129.59 and a fifty-two week high of $207.93.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 3rd. The transportation company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.22 by $0.43. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the previous year, the business posted $1.64 earnings per share. The business’s revenue for the quarter was up 41.9% on a year-over-year basis. As a group, research analysts predict that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a $0.81 dividend. This represents a dividend yield of 79.0%. The ex-dividend date of this dividend is Tuesday, December 1st. Expeditors International of Washington’s dividend payout ratio is 20.56%.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.