Analysts Set Expeditors International of Washington, Inc. (NASDAQ:EXPD) Target Price at $113.89

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been assigned a consensus recommendation of “Reduce” from the eleven research firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $113.89.

A number of equities analysts have recently commented on EXPD shares. Wall Street Zen lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Susquehanna raised their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. UBS Group cut their price target on Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. TD Cowen cut their price target on Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating for the company in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. cut their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th.

Institutional Investors Weigh In On Expeditors International of Washington

Institutional investors and hedge funds have recently made changes to their positions in the business. Coppell Advisory Solutions LLC purchased a new stake in Expeditors International of Washington during the fourth quarter valued at about $25,000. SRS Capital Advisors Inc. raised its position in Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in Expeditors International of Washington during the first quarter valued at about $26,000. Zions Bancorporation National Association UT purchased a new stake in Expeditors International of Washington during the first quarter valued at about $30,000. Finally, Garde Capital Inc. purchased a new stake in Expeditors International of Washington during the first quarter valued at about $37,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 2.0%

Shares of NASDAQ EXPD opened at $112.04 on Friday. Expeditors International of Washington has a 1-year low of $100.47 and a 1-year high of $131.59. The stock has a fifty day simple moving average of $111.89 and a two-hundred day simple moving average of $114.42. The firm has a market cap of $15.34 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.77 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, June 2nd. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.73. Expeditors International of Washington’s dividend payout ratio (DPR) is 25.58%.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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, specialized cargo monitoring and tracking, and other supply chain solutions.