Expeditors International of Washington, Inc. (NASDAQ:EXPD) Given Consensus Recommendation of “Hold” by Analysts

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have been assigned a consensus rating of “Hold” from the thirteen brokerages that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $168.7778.

A number of equities analysts have issued reports on EXPD shares. JPMorgan Chase & Co. upgraded Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price target on the stock in a research report on Wednesday, August 5th. Truist Financial lifted their price target on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Citizens Jmp assumed coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Barclays upped their price target on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Finally, Stifel Nicolaus raised their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th.

Hedge Funds Weigh In On Expeditors International of Washington

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXPD. RFG Advisory LLC increased its position in shares of Expeditors International of Washington by 3.5% during the 2nd quarter. RFG Advisory LLC now owns 1,882 shares of the transportation company’s stock valued at $307,000 after purchasing an additional 64 shares during the period. Nilsine Partners LLC lifted its holdings in shares of Expeditors International of Washington by 1.9% in the second quarter. Nilsine Partners LLC now owns 4,036 shares of the transportation company’s stock valued at $658,000 after buying an additional 77 shares during the period. Hardy Reed LLC lifted its holdings in shares of Expeditors International of Washington by 2.8% in the fourth quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock valued at $523,000 after buying an additional 95 shares during the period. Nicollet Investment Management Inc. boosted its stake in Expeditors International of Washington by 0.9% during the fourth quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company’s stock valued at $1,656,000 after buying an additional 98 shares in the last quarter. Finally, New Mexico Educational Retirement Board grew its holdings in Expeditors International of Washington by 1.6% during the fourth quarter. New Mexico Educational Retirement Board now owns 6,250 shares of the transportation company’s stock worth $931,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $188.97 on Friday. The business’s 50-day moving average is $182.79 and its two-hundred day moving average is $163.65. The company has a market capitalization of $24.56 billion, a P/E ratio of 33.04, a P/E/G ratio of 5.00 and a beta of 1.06. Expeditors International of Washington has a fifty-two week low of $112.94 and a fifty-two week high of $194.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter last year, the business earned $1.34 EPS. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. Analysts forecast that Expeditors International of Washington will post 5.39 EPS for the current year.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics and supply chain management company headquartered in Seattle, Washington. The company provides transportation and related services that help businesses move goods through international and domestic supply chains.

Its primary services include airfreight and ocean-freight forwarding, customs brokerage, cargo consolidation, warehousing and distribution, order management, and other supply chain solutions. Expeditors also offers technology-enabled shipment visibility and logistics coordination designed to support customers’ import, export, and distribution activities.

Founded in 1979, Expeditors serves a broad range of industries through a network of offices and facilities across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.